Question to the insurance gurus:

[urge]

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Let's say you are planning to retire before the age you get Medicare health insurance and you want to get private insurance. Looking around the cheapest available for a couple are the high deductible at around $950 a month with $14,700 total deductible and no out of pocket costs afterwards.

Is there any other insurance product that would pay for such deductible?

I looked around and found that Aflac and Metlife sell some sort of critical care illness, cancer, etc., insurance. Would these cover the deductible? If no, what expenses do they cover? Anyone with experience on these?

Or is it just better to go with a "platinum insurance" for $1700 a month with max out of pocket of $4000?

Bottom line, what is the most affordable way to get private health care insurance during retirement?

 

[Wiscoblue]

Obamacare


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[deleted162650]

Keep your incone below the limit where the subsidies phase out. The plans are actually affordable for “low income” families.

 

[urge]

Keep your incone below the limit where the subsidies phase out. The plans are actually affordable for “low income” families.

That would be an income below 65k. Not sure I would like to do that. Besides, at 64k income the subsidy is less than $400 a month and you still end up with the same deductible.

 

[aneftp]

That would be an income below 65k. Not sure I would like to do that. Besides, at 64k income the subsidy is less than $400 a month and you still end up with the same deductible.

With new tax laws. Standard deduction of 24k for couples and other deductions. So ur gross income can be $90k roughly.

 

[VA Hopeful Dr]

Yes, those supplementary plans can help with the deductible.

We had a hospital plan that paid us 5k when my wife had our girls. The plans typically just send you a check. If you have a high deductible, you can use it for that. If you don't, you can do whatever you want with it.

So yes, those cancer/accident/critical illness/hospital admission policies can help. Problem is, I think you can only get those as an employee benefit. Might be wrong on that one though.