A note from Jack Retired Water:
Fred, very sorry to hear about your friend. Speaking to that matter of health insurance the city of Chicago is dropping all retirees at end of year. They are offering a private bc/bs policy for a non medicare annuitant and spouse at 2600 a month. For some this could be entire paycheck.
Here is the skinny.
The City of Chicago is offering exactly zero dollars to city retirees to help subsidize health care.
Members of all four retirement plans will have to come up with $1400 for single coverage, $2600 for couples and $3600 for family coverage.
I am told that the city never shopped it around to any other providers other than Blue Cross/Blue Shield.
Why should it?
Bill Daley sits on the board of Blue Cross/Blue shield which is the only provider the city is offering retirees. (Note: I cannot confirm that Daley sits on the BCBS board).
Rahm’s folks will send out letters to city retirees saying they are canceling their insurance and then will send out another letter saying they can OPT in for this insurance at those rates.
At rates no typical retired city employee can afford.