I assume a lot of people here get their health insurance on the open market? Where I work, I can continue to get retiree health insurance after I retire. I assume the purpose of doing it this way is to take advantage of group rates? Most of the people I talk to who are retiring are afraid to not continue with the employer heath insurance because once you stop using it, you can never go back and they are afraid of what the rates may be one day. Personally I dont understand this thinking since our rates are going up as fast as everyone elses.
If my wife and I retired right now (we both work at the same place), the rate for retiree insurance for us and one child would be $850 per month with a $3000 deductible and a 70/30 split
I went to eHeathinsurance and found a very comparable policy for $543 / month thru AARP. Actually its a $3000 deduct with a 80/20 split so its a bit better.
Has anyone encountered reasons why they wished they hadn't switched to insurance on the open market under circumstances like mine?
If my wife and I retired right now (we both work at the same place), the rate for retiree insurance for us and one child would be $850 per month with a $3000 deductible and a 70/30 split
I went to eHeathinsurance and found a very comparable policy for $543 / month thru AARP. Actually its a $3000 deduct with a 80/20 split so its a bit better.
Has anyone encountered reasons why they wished they hadn't switched to insurance on the open market under circumstances like mine?