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Planned Medical Expenses
Old 11-02-2009, 10:44 AM   #21
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Planned Medical Expenses

I'm planning to retire at 62 in June. I can get COBRA coverage for the first 18 months. What I'm worried about is the 18 months before Medicare kicks in.

Does anyone have experience with getting insurance when you have pre-existing conditions (as we pretty much all do by this age)?

My current plan is to wait until April or May, apply for private heatlh insurance, and see if I get accepted or denied. That might affect my ability to retire. We have a high -risk pool but I heard it is really expensive ($800 a month) and has a huge deductible. It's really to avoid bankruptcy.

In answer to other questions, I'm budgeting around $12,000 a year in medical expenses including insurance for the years until I turn 65 and go on Medicare. I hope I'm way high on that one.

One reason I'm waiting is to see if they actually pass some sort of insurance reform that affects me. I've had continuous coverage so that may help. And no hospitalizations or really expensive treatments for 13+ years. But insurance can be hard to get...
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Old 11-02-2009, 10:59 AM   #22
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Quote:
Originally Posted by thinker25 View Post
Does anyone have experience with getting insurance when you have pre-existing conditions (as we pretty much all do by this age)?
Yes. DW's only option was the state high risk pool (not all states have them). Her premium is 2X mine (no pre-existing) for essentially the same coverage.

If you haven't already seen this thread you might want to check it out: (FAQ archive) Buying Private Health Insurance
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