REWahoo
Give me a museum and I'll fill it. (Picasso) Give
The Kiplinger Retirement Report has an excellent article on health insurance for early retirees. This is a concise summary of information for those asking "What about health coverage?".
"The price you pay depends on where you live, your health and the insurer’s rules. In Arizona and Florida, insurers can set any premium they want or reject you if you have a medical condition. In New Jersey and New York, insurers can’t turn you down based on illness and premiums for those with medical conditions are relatively affordable. (Visit www.healthinsuranceinfo.net to check coverage in your state.)"
"You can save time, and maybe money, by hiring a local insurance broker. You can find a broker through the National Association of Health Underwriters (www.nahu.org; 703-276-0220). You can also compare policies on www.eHealthInsurance.com (800-977-8860)."
"You’re most likely to get affordable coverage if you’re healthy….Each insurer has its own coverage rules, so it pays to check out many companies... If an insurer rejects you, ask for a written explanation. An insurer could change its mind if your physician provides details on how you’ve been managing a condition."
"As you search the market, you should continue coverage with your former employer under the federal COBRA law. You’ll pay the full premium yourself, but it may be worth it if you have a medical condition. In most cases, COBRA coverage is available for 18 months."
"If you’re rejected by commercial insurers, you might be able to turn to a state-run, high-risk pool. About 30 states extend coverage to individuals who are otherwise uninsurable, although rates are usually higher than in the private market."
"Before you buy, check with your state insurance commissioner for any complaints. (Visit the National Association of Insurance Commissioners at www.naic.org and link to your state.)"
"The price you pay depends on where you live, your health and the insurer’s rules. In Arizona and Florida, insurers can set any premium they want or reject you if you have a medical condition. In New Jersey and New York, insurers can’t turn you down based on illness and premiums for those with medical conditions are relatively affordable. (Visit www.healthinsuranceinfo.net to check coverage in your state.)"
"You can save time, and maybe money, by hiring a local insurance broker. You can find a broker through the National Association of Health Underwriters (www.nahu.org; 703-276-0220). You can also compare policies on www.eHealthInsurance.com (800-977-8860)."
"You’re most likely to get affordable coverage if you’re healthy….Each insurer has its own coverage rules, so it pays to check out many companies... If an insurer rejects you, ask for a written explanation. An insurer could change its mind if your physician provides details on how you’ve been managing a condition."
"As you search the market, you should continue coverage with your former employer under the federal COBRA law. You’ll pay the full premium yourself, but it may be worth it if you have a medical condition. In most cases, COBRA coverage is available for 18 months."
"If you’re rejected by commercial insurers, you might be able to turn to a state-run, high-risk pool. About 30 states extend coverage to individuals who are otherwise uninsurable, although rates are usually higher than in the private market."
"Before you buy, check with your state insurance commissioner for any complaints. (Visit the National Association of Insurance Commissioners at www.naic.org and link to your state.)"