Re: Health Insurance with Diabetes
Hello John Q. Health Insurance can be a major
headache for early retirees. It was my biggest
unanticipated problem, and unlike you I did not
think much about it until after I was already retired.
I figured I would just buy catastrophic coverage
(maybe $10,000 deductable) and take my chances.
What happened was that I switched carriers a few
times, went back to work for a while, then my wife had me covered through her employment, one of my insurance companies went belly up, and while this was going on I developed a few health problems. Before I knew it I was persona non grata all over the health insurance community. Even worse, I checked the cost of paying to be in several state "pools" and couldn't even afford that approach. Currently we buy our own
(portable from state to state) coverage. We love it so
far, but it has "caps" for various conditions. Thus if one
of us acquires some dread disease (unless it kills us
quickly), we could be in deep doo doo. Still, the
premiums are affordable and we plan to keep the
coverage even if my wife ends up working some place
where it is available. It was all the switching around
while my health was declining that got me in trouble.