Co-Founder, TermInsuranceBrokers.com, Goldenzweig Financial Group, Las Vegas, Nevada
Depends when you retire really because being in retirement has nothing to do with the prices. You'd likely be looking at an individual health plan if you're under age 65 so it will depend on your age, zip code, what health plan benefits you want, etc. The premiums can be a as little as a couple hundred dollars per month or well over 500 per month.
If you're over 65, you're likely looking at Medicare coverage if you don't qualify for any retiree programs from an employer. On Medicare, you're looking at a couple of different options. If you want more comprehensive type coverage, you would want to buy a Medicare Supplement plan (also known as a Medigap plan) and pair it with a Part D prescription drug plan (if you want drug coverage).
If you want a Medicare type program that works similar to under age 65 individual health insurance works, then you may want to consider a Medicare Advantage plan. Medigap plans are standardized and don't have annual enrollment periods to follow - Part D plans and Medicare Advantage plans do. The premiums for a Medigap plan depends on which one you want to get (there are 11 to choose from), your age, zip code, and if you smoke or not. Medicare Advantage and Part D plans that are available depend on your zip code.
You should consult with an independent insurance agent or broker who can discuss your specific insurance needs and preferences to determine which is the most suitable coverage for you.
I hope the information is helpful - please feel free to contact me for help with your coverage or if you have any other questions. Thanks very much.
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If you're over 65, you're likely looking at Medicare coverage if you don't qualify for any retiree programs from an employer. On Medicare, you're looking at a couple of different options. If you want more comprehensive type coverage, you would want to buy a Medicare Supplement plan (also known as a Medigap plan) and pair it with a Part D prescription drug plan (if you want drug coverage).
If you want a Medicare type program that works similar to under age 65 individual health insurance works, then you may want to consider a Medicare Advantage plan. Medigap plans are standardized and don't have annual enrollment periods to follow - Part D plans and Medicare Advantage plans do. The premiums for a Medigap plan depends on which one you want to get (there are 11 to choose from), your age, zip code, and if you smoke or not. Medicare Advantage and Part D plans that are available depend on your zip code.
You should consult with an independent insurance agent or broker who can discuss your specific insurance needs and preferences to determine which is the most suitable coverage for you.
I hope the information is helpful - please feel free to contact me for help with your coverage or if you have any other questions. Thanks very much.