What Health Insurance Options Do You Have After Termination or Early Retirement?
Sunday October 12, 2008
If you work full-time for an employer, there is a good chance that health insurance is one of the benefits available to you. If you choose to take advantage of this benefit, you probably understand that it can be quite important to have. While you still pay a portion of the premium, it is usually much less than you would have to pay on your own if you were to buy an individual policy.
But what happens when you lose your job or decide to retire before Medicare kicks in? For many people, this can be a big problem. Most people will have the following options to consider:
- Enroll in your spouse's plan if married.
- Utilize COBRA coverage.
- Find an individual health plan.
- Seek early-retiree coverage if available.
Find out more about what you can do in order to keep health coverage in the event you lose your job or retire early.
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STEP 3:
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