What happens when I retire?

Health insurance considerations weigh on the
minds of people who want to retire before Medicare
Coverage kicks in 65. Many people get to
retirement simply because the cost of an individual
health insurance policy is too large in a limited number
income.

What health insurance options you have if you
choose to retire before age 65? Although not
obligation to do so, you may be able to get COBRA-like
coverage from your employer.

As an added benefit pension, your employer may
allow you to collect the premium of your policy;
despite paying 100% of initial premium
appears to be an expensive option, the purchase of a
individual policy, apart from a group can be further
expensive and will not provide the level of coverage
already had.

Some companies are offering basic high-deductible
reasonably secure in the hope that
to enroll in Medicare Part C (complementary
insurance) when you retire.

Another option is to budget and save money to cover
anticipated medical costs for the period
between retirement and age 65. If you are in good
health, this may be a viable alternative for you.

Pre-retirement planning is an important issue,
before you start planning, the better. Realizing the
Medicare does not pay all medical expenses,
you should budget money for medical expenses, even
after retirement.