I just got my WF Retirement Health Plan documents today. The WF Retiree HSA plan dropped dental and vision last year so it's medical only. Here are the prices for 2027 for just yourself:
HSA Plan: $1941/month
Kaiser: $1572
Co-Pay Plan: $2028
Just passing it along so you can plan.......
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I was laid off at 61 and stopped working. Tired of the rat race. Qualify for Medicaid (aka Medi-Cal in my state) until 65 when Medicare kicks in. How do i cover my expenses and still get Medicaid? I blend withdrawal from Roth IRA, and Trad. IRA, particularly to stay below income level due to DJT's Medi-Cal new requirements starting in 2027 (Roth disbursements don't count as income). I pay NOTHING for medical (no priim, no copay, no deductible), prescriptions (even brand names covered bc dr coded them as necessary), etc. ER visits, lab tests, imaging/ultrasounds, EKGs, surgery, etc. ALL covered! Best decision ever! Plan to file for Social Security starting at age 65-67.
Cobra UHC went up $135 per month for a single person. It will be over $1000 per month. 5 more years before I qualify for Medicare. Ouch!
I actually asked UHC what a plan similar to my HRA plan at Wells would be, and it’s anywhere from $1100 to $1300/month. 2027 cobra is going to be $1300 a month too, so it was good to get an idea. But yeah, it’s an insane amount of money for anyone retiring early.
So glad I got laid off once I hit my severance maximum. The year of salary has been worth far more than any of the retirement options they offer. I even got the biggest bonus of my time at WF right before they laid me off. Here's a quarter million dollars, go find something else to do. Gladly, thanks!
I did vote against Chucky's membership on the BoD for MSFT with my shares, for what little that counts, lol.
Also- Wells Fargo quietly dropped health care for pre-Medicare retirees at the end of 2025. Coverage gone. All you get is a website that allows you to shop for full cost coverage through a limited marketplace of plans they are affiliated with.
Congratulations on your years of service!!
You have COBRA (18 months) or ACA marketplace as your options
The only ,"retiree medical" is for those 65 and older, and it's not at great as noted by others here.
@OP I am not close to retiring, but damn that's expensive! Roughly $25K for coverage a year! How the heck is it so expensive? I dont have anywhere close to that with my own medical expenses.
Marketplace and ACA rates for a couple are about that much.
The retiree health plan has been "F off and die already" for years. I'm pretty sure participation is close to 0%. I think they only offer it for appearances.
That's more than my mortgage.