Reply to Walk away from $1 million a year?

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Reply to "Walk away from $1 million a year?"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]We retired in our 40s. Please explain how your employer can keep you on the health insurance forever legally?  That’s the problem no one has addressed that I saw. What’s the plan if the law firm goes under, they switch insurers, management changes and they won’t insure you anymore, insurance co audits and discovers you’re not there, etc. [/quote]

Not OP; in my line of work, health insurance is vested so I can take it with me into retirement as long as I pay my current portion of the premium.  The employer continues to pay its share in my retirement.  The only way I could lose my health insurance is if I let my premium lapse.    [/quote]

That is most likely not the case for OP - he will probably convert to a different position (senior counsel, of counsel, senior lawyer, whatever, and so remain technically "employed" and eligible for health insurance.  If't possible the firm changes its collective mind or goes under, but that's unlikely, and if so, he'll have to purchase private coverage.  [/quote]

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