The County provides postemployment healthcare benefits to all employees who retire from the County. The program is for employees who are 61.5 years of age or older and who meet the eligibility criteria discussed below. Eligible employees are permitted to continue to receive County health insurance benefits offered by the County to regular employees for a period of two years from the date of initial enrollment or until the retiree reaches the current Medicare eligibility age of 65, whichever comes first.
Larimer County pays an eligible retiree’s health insurance premium limited to an amount equal to the HMO single coverage premium under the Larimer County employee medical insurance program. In order to be eligible for the program an employee must be a regular County employee and have been a regular employee of Larimer County for a period of no less than ten consecutive years immediately prior to the date that the employee desires to be enrolled in the program. The employee must have been a participant in the Larimer County employee health insurance program at the time that the employee terminates employment. The County limits enrollment in the plan and reserves the right to terminate or modify the plan at any time.
Expenditures for postemployment healthcare are recognized as premiums are paid. Currently, the number of participants receiving benefits is five (5). During fiscal year 1998, the cost for postemployment healthcare benefits was $6,855.
Back to 1998 Financial Report