No. of Recommendations: 0
Chris (a.k.a. Crosenfield), you wrote:

<< In our society there is an assumption by insurance companies that a person not covered by company group insurance is a poor health risk. >>

Actually Chris, this is NOT an "assumption" . . . .it's a fact. Keep in mind that insurance companies set their rates and underwriting requirements by large groups of people . .. NOT custom underwritten per individual.

<< Obviously that's why you aren't working, right?
So you pay through the nose if you aren't working and covered under group insurance.
>>

This kind of thinking is highly oversimplified.

<< Alas. This problem is bad enough to drive me from self employed and taking months off each year back to being an employee with a lot less time off, but with full medical coverage.
So yes, the amount for medical insurance gets built into your retirement cash flow needs. Unless, of course, you want to "go bare" and take your chances.
>>

You're right on here. One SHOULD plan for medical insurance costs even when one has some coverage under Medicare . . . but especially important due to high cost of health care if retiring before Medicare comes into play.
Print the post  

Announcements

The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement