Comments on: For someone retiring before Medicare eligibility, what is a reasonable amount to budget for health insurance? http://www.talkaboutretirement.net/insurance/for-someone-retiring-before-medicare-eligibility-what-is-a-reasonable-amount-to-budget-for-health-insurance/ Issues concerns retirement and retired living Sat, 11 Feb 2012 22:21:41 +0000 http://wordpress.org/?v=2.6.3 By: Rick http://www.talkaboutretirement.net/insurance/for-someone-retiring-before-medicare-eligibility-what-is-a-reasonable-amount-to-budget-for-health-insurance/#comment-314 Rick Fri, 13 Mar 2009 02:59:42 +0000 http://www.talkaboutretirement.net/insurance/for-someone-retiring-before-medicare-eligibility-what-is-a-reasonable-amount-to-budget-for-health-insurance/#comment-314 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. 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.

]]> By: mbrcatz17 http://www.talkaboutretirement.net/insurance/for-someone-retiring-before-medicare-eligibility-what-is-a-reasonable-amount-to-budget-for-health-insurance/#comment-313 mbrcatz17 Tue, 10 Mar 2009 05:59:34 +0000 http://www.talkaboutretirement.net/insurance/for-someone-retiring-before-medicare-eligibility-what-is-a-reasonable-amount-to-budget-for-health-insurance/#comment-313 If you're healthy, and in your mid 50's, about $900 per person per month. If you’re healthy, and in your mid 50’s, about $900 per person per month.

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