My husband and I want to retire at 63. Because we will move to another state, COBRA will do us no good (we are currently insured by Blue Cross Kansas and they will only insure us if we live here). If we can’t afford health insurance between now and 65, can we still get Medicare at 65?
Answer by Moderator - Monday, October 19, 2009 @ 4:21pm No CommentsNo comments yet. Leave a comment |
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Your eligibility for Medicare is not dependent on having continuous coverage, so you will be fine. However, if you want to purchase a Medicare Supplemental insurance plan through a private insurance company to supplement your Medicare, continuous prior coverage will become a factor. COBRA coverage can be expensive, but you should not go uninsured for two years. The risk is far too high. We would recommend that you consider individual health insurance coverage for you and your husband for this time period. In advance of your relocation, you should at least look at plan options in your new state. High-deductible health insurance may be affordable for you, and it is certainly better than not having any insurance at all.
