DWPC
Dryer sheet wannabe
I'm desperately trying to pull the rip-cord and retire (at 62) but health insurance is proving to be an issue because my employer recently dropped retiree coverage. Until last year, they maintained their premium subsidy of about 65% for retirees. Now I'll have to pay the entire $1200/mo.
We've looked at private coverage and its about 15% higher than COBRA (for now) and not nearly as good. The real problem is I'll still be a year from Medicare eligibility when the COBRA 18 months ends. If we were staying CA, I' could get another 18 mos via CA-COBRA, but we'll be relocating to our 2nd home in Sedona AZ within the year, and in AZ it looks like I'll be on my own when the COBRA runs out, except for Federal HIPAA transportability. I checked the AZ Insurance Dept website but I didn't find anything but Federal HIPAA. Can anyone give me an idea what to expect in AZ after my COBRA runs out? Is basic Fed. HIPAA all there is? Does HIPAA in AZ mean I get thrown in the "uninsurable" pool at a horrific premium?
We've looked at private coverage and its about 15% higher than COBRA (for now) and not nearly as good. The real problem is I'll still be a year from Medicare eligibility when the COBRA 18 months ends. If we were staying CA, I' could get another 18 mos via CA-COBRA, but we'll be relocating to our 2nd home in Sedona AZ within the year, and in AZ it looks like I'll be on my own when the COBRA runs out, except for Federal HIPAA transportability. I checked the AZ Insurance Dept website but I didn't find anything but Federal HIPAA. Can anyone give me an idea what to expect in AZ after my COBRA runs out? Is basic Fed. HIPAA all there is? Does HIPAA in AZ mean I get thrown in the "uninsurable" pool at a horrific premium?