How will the plan effect people who retire at 62?
Posted on Sep 18, 2009 under Retire |I want to, almost have to, retire at 62 due to health problems. Have a pre-existing because of CAD. I know I won’t be covered by Medicare until 65. I won’t be getting enough social security and pension to be able to afford insurance. From what I hear I woud be made to get insurace at a price of $3600 a year. What’s going to happen when that is unaffordable to me?
You’d NEVER find private insurance, at the age of 62, with serious health conditions, for $300 a month. This is JUST not a realistic price. Even if you were perfectly healthy, a high deductible plan for just you would cost around $1,000 a month.
The first 18 months, you can go on COBRA. But after that, you’re going to be uninsured, until you can get on medicare.
If you have ANY options, I’d work an additional 18 months AT ALL COSTS, and THEN take the cobra for your 18 months, which should see you to 65.
September 10th, 2009 at 12:52 pm
You’d NEVER find private insurance, at the age of 62, with serious health conditions, for $300 a month. This is JUST not a realistic price. Even if you were perfectly healthy, a high deductible plan for just you would cost around $1,000 a month.
The first 18 months, you can go on COBRA. But after that, you’re going to be uninsured, until you can get on medicare.
If you have ANY options, I’d work an additional 18 months AT ALL COSTS, and THEN take the cobra for your 18 months, which should see you to 65.
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