To counter that, the VA institutes higher loan limits in costlier counties, basically increasing the amount qualified borrowers can get without having to put money down. So, for example, in San Diego County in California, the VA loan limit for 2015 is $562,350. In Frederick County, Md., the limit is $625,500.
Retiree-only health plans are still subject to COBRAâs requirements, however, because COBRA does not. include a specific exception for such plans, even when they are separate from an active employee plan. Instead, from a COBRA perspective, the key issue is whether there is (a) a group health plan, (b) maintained. by, (c) an employer.
The lesson: If you're on COBRA when you turn 65, enroll in Medicare during your initial enrollment period. You should drop COBRA, unless you have a spouse who is younger than 65 and covered by the plan. A spouse can continue on COBRA for up to 36 months or until he or she is eligible for Medicare.