U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > General Forums > Health and Wellness > Health Insurance
 [Register]
Please register to participate in our discussions with 1.5 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Jump to a detailed profile or search
site with Google Custom Search

Search Forums  (Advanced)
Business Search - 14 Million verified businesses
Search for:  near: 
 
Old 05-26-2009, 11:58 AM
 
Location: Wilkes-Barre,Pa
272 posts, read 585,034 times
Reputation: 123
Default Retirement at 62, Health Insurance

Im Retiring in July, and im going nuts trying to pick a health insurance plan, Im looking into AARP Plans and others, and they all seem to be the same, with some miner differences. Any help well be appreciated. How are some of you handling this?
Reply With Quote Quick reply to this message

 
Old 05-26-2009, 04:54 PM
 
Location: We_tside PNW / CO / SA TX / Thailand
10,914 posts, read 18,015,174 times
Reputation: 7788
catastrophic HSA's

High deductible, no drugs

Plans don't vary much, nor do they offer much.

You could become a student, some schools still offer plans for very cheap, but most have raised premiums for us 'old-folks'.
As an 'old student' I always get 'carded' when using my student ID for discounts
Reply With Quote Quick reply to this message
 
Old 05-26-2009, 06:19 PM
 
6,152 posts, read 5,448,505 times
Reputation: 6099
Exactly why I need to work until at least age 65.

Throw a little pre-existing condition in the mix, like a mild heart attack, diabetes or bout with cancer, and at age 60 you can't purchase medical insurance at any price. Due to a family members pre-existing condition I couldn't by family medical insurance if I was willing to spend $100k a month. Simply not available.

But there is one shining star.

The family member in question worked for state government long enough where she qualifies for subsidized state medical insurance once she hits age 60. We have 10 more months and we are counting down the minutes. We have insurance right now but with the way things are that can disappear anytime with a job at which time we could go COBRA as long as the company didn't go under but that runs about $1,100 a month that I would rather not spend. Would if we had to of course but that doesn't mean I would like it.

But in 10 more months she gets full health insurance for an estimated $350 a month AND can add me for $600 a month (she is subsidized, I am not) and at least we can get good coverage for < $1,000.

Health insurance for those between 60 and 65 is a real mess.
Reply With Quote Quick reply to this message
 
Old 05-26-2009, 07:03 PM
 
41,657 posts, read 44,962,926 times
Reputation: 12799
I agree that most either rely on their employer plan or don't retire at 62 unless they have the money to afford their own plan.Many employers pay a portion as part of retirement package.When they reach 65 they are able to get a medicare supplemnt at lower cost that pays like 80% of what medicacre does. that is both my wife and myselfs retirement.
Reply With Quote Quick reply to this message
 
Old 05-27-2009, 08:38 AM
 
364 posts, read 803,029 times
Reputation: 217
We will lose our health insurance when DH retires, so we'll have to go on Cobra. We already pay full price (employer does not contribute one single penny), but the premium cost will take an entire SS check. We wanted to retire this year, but until we get this figured out, we cannot. Or, we just keep working until Medicare kicks in for him; I'll only be 60 at that time, tho, so I still don't know what I will do.

BTW, AARP does not sell health insurance in all states. Be sure to check that out before you leap. (I know, I couldn't believe it either. We figured it'd be easy to move out of state and just hook up with AARP insurance, but they don't sell policies in the part of the country we're going to. Always something...)
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:

Over $84,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Health and Wellness > Health Insurance

All times are GMT -6.

2005-2014, Advameg, Inc.

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25 - Top