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http://boards.fool.com/this-was-a-major-issue-with-us-as-well-due-to-a-19685889.aspx
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| Subject: Re: Budget gotchas | Date: 10/8/2003 6:57 PM | |
| Author: WendyBG | Number: 29 of 1460 | |
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This was a major issue with us, as well. Due to a rotator cuff tear in 2002, I found that I was "uninsurable" in 2003...just as I was coming off COBRA. When we began to investigate locales for retirement, I discovered that each state has different health insurance regulations. For example, in DE, each insurance company determines insurability and price independently. In WA, the state mandates a standard health screening, where a rotator cuff injury counts fairly low on the scale of pre-existing conditions (it is actually completely healed now). This means that I was insurable in WA. Even for serious conditions, WA has a state health-insurance pool. Furthermore, WA mandates that insurance companies accept any person whose COBRA coverage has maxed out (18 months). In DE, our health insurance would have been almost $1000 per month. In WA, it is about $500 per month (for both of us). Still a major expense, but the saving of $500 per month is significant. I encourage you to investigate the health insurance rules of any state where you are considering retirement. Wendy |
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