Quote:
Originally Posted by AMB444
Any recommendations for insurance plans age 60 - 65? I just want basic emergency room, hospital. I'm in good health so would pay out of pocket for office visit if I need to go in.
Thanks!
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From my 25 years in the health insurance industry, I know that this age range is the
most expensive range from an underwriting standpoint. Claim experience during those ages is through the roof and, regardless of your personal health, insurance rates are set reflective of the collective claims for the entire group. That's why employer groups cringe as their employees enter their mid 50s and are moving toward not offering pre and post retirement insurance.
Personal hospital indemnity coverage may make you feel better initially, but hospitals and specialists may not accept the payment arrangements of the plan and may not apply the "contracted discounts" that other health insurers offer. Then, in a few years when the parts really start to wear out, insurance companys will consider you next to un-insurable and if you find one that will accept you, your premiums will rival paying off the national debt.
My advice is to contact a few trusted, reputable agencies (remember that these folks get paid commissions for selling specific policies - just the way the system works) and discuss your dilemma. I would find something to get you into the system and develop a plan going forward. HMOs are likely the most inexpensive options, but there are likely dozens of others. SHINE deals with Medicare eligible folks, but may be able to make suggestions to get you on your way too.