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Author: WendyBG Big gold star, 5000 posts Top Favorite Fools Top Recommended Fools Feste Award Winner! Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 1483  
Subject: Re: Budget gotchas Date: 10/8/2003 6:57 PM
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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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