Retirement Health Insurance Options

Sometimes it can seem like a burden to find retirement health insurance. Even though it might be difficult to find something that you like, there is definitely no shortage of options. Here are a few options that you need to consider for health insurance during retirement.

Medicare

Medicare is a type of health insurance that is available for those over the age of 65. If you are over 65, it makes sense to utilize this type of coverage because it is provided by the federal government. The basic version of Medicare provides you with either hospital coverage or medical coverage. 

Medigap

If you plan on getting Medicare, you might also want to plan on getting a Medigap policy as well. This is a type of insurance coverage that is designed to fill in the gaps of coverage with Medicare.

High Deductible Health Insurance

You might also want to consider getting a high deductible health insurance plan. With this type of insurance, you can get more affordable premiums and you are eligible to invest in a health savings account. This allows you to make tax-deductible contributions to an account that can pay for your qualified help expenses such as your co-pays or your prescriptions.

 

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