Yes. The eligibility is based on the status of the company, meaning is it bankrupt; No. 2, if the individual has worked for the company for 15 years, not less, and if they have taken retirement. Now, they could be 38 years old. The company could be bankrupt. They could be out of work. That doesn't mean they have become retirees. So your scenario, though I think it would be technically correct, is not operationally correct. So 75 percent are Medicare-eligible. The other 25 percent usually are over 55, but are primarily between 60 and 65. This is why we are calling part of this a bridge. For some, it would be 1 year to even get them to Medicare.
Barbara Mikulski: “Yes. The eligibility is based on the status of the company, meaning is it bankrupt; No. 2, if the individual has worked…”
Editor's note · Context
Discussing eligibility criteria for retirement benefits during a Senate floor debate.
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