Health Insurance Considerations Weigh Heavily On Theminds Of People Wanting To Retire Before Medicarecoverage Kicks In At Age 65. Many People Put Offretirement Simply Because The Cost Of An Individualhealth Insurance Policy Is Too Great On A Limitedincome.What Options For Health Insurance Do You Have If Youchoose To Retire Before Age 65? Although They Are Notrequired To, You May Be Able To Get COBRA-likecoverage From Your Employer.As An Added Retirement Benefit, Your Employer Mayallow You To Pick Up The Premium On Your Policy;although Paying 100 Of Your Premium May Initiallyappear To Be An Expensive Option, Purchasing Anindividual Policy Apart From A Group May Be Even Morecostly And Not Provide You With The Level Of Coverageyou Previously Had.Some Companies Are Offering Basic High-deductibleinsurance Reasonably In The Hopes That They Will Beable To Enroll You In Medicare Part C (supplementalinsurance) When You Retire.Another Option Is To Budget And Save Money To Coveryour Anticipated Medical Costs For The Time Periodbetween Retirement And Age 65. If You Are In Very Goodhealth, This May Be A Viable Alternative For You.Pre-planning For Retirement Is An Important Issue; Theearlier You Start Planning, The Better. Realizing TheMedicare Does Not Pay All Of Your Medical Expenses,you Should Budget Money For Medical Expenses Evenafter Retirement.
