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Author: fleg9bo Big funky green star, 20000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 5069  
Subject: Re: Health insurance? Date: 7/10/2007 12:18 AM
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I was curious what people who retire before being eligible for Medicare do for health insurance. Anyone here have any experience with that?

We buy it. Right now DW and I are paying for Cobra coverage from her job. That runs out in Feb of 08. In a month or two I'll start taking a serious look at individual insurance.

The cost of health care was something we made sure we could handle before retiring. Part of that formula is living in the right state. We did not move to OR because here we can get reasonable policies even with pre-existing conditions, but it was good to find out that they're available in case we get rejected for regular coverage. If I had it to do over, I would have checked first. It's even better in WA, where if you live there when your Cobra runs out, you are eligible for their top-tier policies at regular prices regardless of your health history. Some states absolutely suck when it comes to availability and affordability if you're not the picture of health when you apply.

So to sum up: Make sure coverage is available where you want to retire and make sure your retirement income will cover it, allowing for costs to increase faster than inflation.

--fleg
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