Let’s Talk About Retirement

For someone retiring before Medicare eligibility, what is a reasonable amount to budget for health insurance?

Posted by Dolores

Joe L asked:


This seems to be a missing topic in all the online articles about retiring.

ERNA

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This entry was posted on Monday, March 9th, 2009 at 9:10 am and is filed under Insurance. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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2 Responses to “For someone retiring before Medicare eligibility, what is a reasonable amount to budget for health insurance?”

1. mbrcatz17 Says:
   March 10th, 2009 at 12:59 am

   If you’re healthy, and in your mid 50’s, about $900 per person per month.

2. Rick Says:
   March 12th, 2009 at 9:59 pm

   I feel that $900 per month is not a “rational” answer. This really depends on a few things:

   1) What state will you be in when you retire?

   2) Do you have any medical conditions?

   3) What is your risk tolerance? i.e. How much of a deductible can you handle?

   With the above being said, it is very difficult to just throw a number at you - there are just too many variables.

   Minimum per person $300
   Maximum per person $800

   You should also look at getting into a Health Savings Account qualified plan - they keep the premium’s reasonable for that age group, plus they give you the ability to open a tax advantaged savings account.