Healthcare in Retirement

Question 1

What options for maintaining coverage are available those who retirement prior to eligibility for Medicare at age 65?

Answer 1

1. ) Maintain employer coverage as a private policy through COBRA (for up to eighteen months). Then switch to HIPPA?
2. ) Use company retiree insurance, if it is offered by company (usually larger firms)
3. ) Private private health insurance (costly, and depending on state, this may be impossible - Note Starting on January 1, 2014, it will not be possible to deny coverage due to pre-existing conditions)
4. ) If applicable, obtain coverage through spouse’s employer policy.
5. ) Get a new job that offers health insurance.