Thread regarding Verizon Communications Inc. layoffs

@cx you’re such a di-k

Basically you had to have at least 15 years of service (which included an 18 month bump to your service) as of 2006 to qualify. The more service you had the bigger the subsidy. If I recall correctly, it could be anywhere from 50% to 80%. While very few people are still eligible for the subsidized plan, I can tell you that it's subsidized at the 2008 costs for the Indemnity plan. Which means you save about 2 cents per hundred dollars in premiums. You are better off on the ACA. I know, because I paid for it for 2 years post severance for my spouse and I. The only reason I did was because the coverage was far superior to the ACA (lower deductibles and copays) and we have some expensive medicines. COBRA will get you the same coverage as when you were active and might be reasonable cost-wise, but at the 18 month mark (which includes your severance period), you are back in the same boat. Take a look at the document mentioned by @bf on Benefits Connection for the details.

COBRA is a decent price and great coverage. After that the Retiree Plan is cr-p - costs way more than most ACA/private plans. SO if you get laid off, use COBRA for the 18 months or whatever length they let you, then got the state ACA market and get yourself a plan. That's what I did.

COBRA is EXPENSIVE period

Use Benefits Connection, navigate to documentation and look for the following document, it has the amounts of the benefit,

Medical Benefits Summary Plan Description
Subsidized Retiree Medical Coverage for a Limited Group of Verizon Retirees
Published 2023

Sir this is a layoff site. Congrats on being a boomer and living life on easy mode though.