Author Topic: Health Insurance in Retirement  (Read 980 times)

TheFrenchCat

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Health Insurance in Retirement
« on: August 08, 2021, 09:14:59 PM »
My in-laws are thinking of retiring, and they're very worried about health insurance.  We're in PA.  Without going too much into the history, my mother-in-law has required care (and continues to need follow-ups) in TX.   They're 61 years old and have about 2 million saved for retirement. They also have a pension, though I don't know how much. It's not insured.  Also, my brother-in-law, their son, has severe disability who needs full time care that to this point, they've been providing.  Do you have any advice for getting insurance coverage out of state? 

seattlecyclone

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Re: Health Insurance in Retirement
« Reply #1 on: August 08, 2021, 11:02:23 PM »
Start with the ACA exchange in their state. Your in-laws have more than enough saved up to pay for insurance between now and when they go on Medicare, even if they don't qualify for any subsidies. The plans may have higher deductibles and different provider networks than they're used to with their employer coverage, but all necessary care should theoretically be covered.

Your brother-in-law is a separate issue. What did your in-laws have planned for him once they were out of the picture? This could be a good time to start that transition. I can't really advise on the programs available to someone in that situation, unfortunately.

TheFrenchCat

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Re: Health Insurance in Retirement
« Reply #2 on: August 09, 2021, 09:17:24 AM »
Thank you, I'll try to suggest that.  I also just had a thought that if my father-in-law has an Employee Assistance Program, they might be able to help him come up with a plan for that, as long as they're confidential.  Might be a hard sell though.