General Discussion
In reply to the discussion: I'm getting Medicare on April 1, 2013. [View all]Cleita
(75,480 posts)My dad was the same way about the company he worked for all his life. When he retired, he got a gold watch for 44 years and a small pension that even with Social Security was inadequate for my mother and him. The company did pay for his Blue Cross. They had savings so they were all right for a while until he fell sick. Oh the company got sold and the new company felt no obligation to continue the pensions that had not been legally locked into a trust. They also discontinued the Blue Cross. My parents had to start going through their savings. My mother, a housewife all her life, had to go to work for the first time when she was already middle aged. Fortunately, LBJ signed in Medicare and when it was put in place it saved my parents because it was able to pick up the lion's share of my dad's increasing medical bills.
I spit on the company myself because you never know when it's going to be sold or dissolved and all its obligations with it.