Health insurance considerations weigh heavily on the
\nminds of people wanting to retire before Medicare
\ncoverage kicks in at age 65. Many people put off
\nretirement simply because the cost of an individual
\nhealth insurance policy is too great on a limited
\nincome.<\/p>\n
What options for health insurance do you have if you
\nchoose to retire before age 65? Although they are not
\nrequired to, you may be able to get COBRA-like
\ncoverage from your employer.<\/p>\n
As an added retirement benefit, your employer may
\nallow you to pick up the premium on your policy;
\nalthough paying 100% of your premium may initially
\nappear to be an expensive option, purchasing an
\nindividual policy apart from a group may be even more
\ncostly and not provide you with the level of coverage
\nyou previously had.<\/p>\n
Some companies are offering basic high-deductible
\ninsurance reasonably in the hopes that they will be
\nable to enroll you in Medicare Part C (supplemental
\ninsurance) when you retire.<\/p>\n
Another option is to budget and save money to cover
\nyour anticipated medical costs for the time period
\nbetween retirement and age 65. If you are in very good
\nhealth, this may be a viable alternative for you.<\/p>\n
Pre-planning for retirement is an important issue; the
\nearlier you start planning, the better. Realizing the
\nMedicare does not pay all of your medical expenses,
\nyou should budget money for medical expenses even
\nafter retirement.<\/p>\n","protected":false},"excerpt":{"rendered":"
Health insurance considerations weigh heavily on the minds of people wanting to retire before Medicare coverage kicks in at age 65. Many people put off retirement simply because the cost of an individual health insurance policy is too great on a limited income. What options for health insurance do you have if you choose to …<\/p>\n","protected":false},"author":21,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[157],"tags":[252,220],"_links":{"self":[{"href":"https:\/\/demo4.dedicatedhost247.com\/articledir\/wp-json\/wp\/v2\/posts\/230"}],"collection":[{"href":"https:\/\/demo4.dedicatedhost247.com\/articledir\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/demo4.dedicatedhost247.com\/articledir\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/demo4.dedicatedhost247.com\/articledir\/wp-json\/wp\/v2\/users\/21"}],"replies":[{"embeddable":true,"href":"https:\/\/demo4.dedicatedhost247.com\/articledir\/wp-json\/wp\/v2\/comments?post=230"}],"version-history":[{"count":1,"href":"https:\/\/demo4.dedicatedhost247.com\/articledir\/wp-json\/wp\/v2\/posts\/230\/revisions"}],"predecessor-version":[{"id":231,"href":"https:\/\/demo4.dedicatedhost247.com\/articledir\/wp-json\/wp\/v2\/posts\/230\/revisions\/231"}],"wp:attachment":[{"href":"https:\/\/demo4.dedicatedhost247.com\/articledir\/wp-json\/wp\/v2\/media?parent=230"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/demo4.dedicatedhost247.com\/articledir\/wp-json\/wp\/v2\/categories?post=230"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/demo4.dedicatedhost247.com\/articledir\/wp-json\/wp\/v2\/tags?post=230"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}