My wife and I are 61, almost 62. We both left our respective businesses over 10 years ago in favor of working part-time via the consulting route. We both went from group coverage to purchasing private health insurance through Blue Cross of NC. When you first purchase BC coverage, they set your premium based on your existing health issues, but after that, you move in tandem with everyone else regardless of whether you have more or less problems than everyone else. The premium changes are based on passing age milestones like 55 and 60. So, after you buy the insurance, it really doesn't matter whether you have major health issues or not in terms of your premiums. Today, my wife and I each pay $10K per year in basic premiums, with each of us having a $2.5K deductible, and with each of us having a $2K co-insurance. Our premiums will continue to rise as we move towards 65, but the big jump took place when we passed 60. Bottom line: Private health insurance cost of fortune, so your state subsidized coverage is probably a great deal. Now, whether that will hold true in the future is anyone's guess, since the taxpayers are tiring of paying so much for retired public workers. Good luck.
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