I just got approved for ssd. I am retiring frome my job of 33yrs, Where can i get insurance that won't cost 7

Question

700 $ a mo until my medicare kicks in.

Answer 1

Try AARP if you are over 50 yrs. old.

Answer 2

Qualifying for Social Secuirty Disability also qualifies you for Medicare! You will automatically be enrolled in Medicare after you get Social Security disability benefits for two years.

Upon first qualifying for Medicare you can also buy any Medicare Supplement insurance policy from any company with no disqualification based upon health!

So really you are looking at covering a period of at most two years.

As you are retiring due to disability you qualify to continue your previous group health policy, though you have to pay the full cost of the premium. This is termed COBRA coverage and you may continue for 18 months on COBRA paying no more than 102% of the employer's cost for coverage.

To bridge the final 6 months prior to qualifying for Medicare you should reference the below link at teh Department of Labor. You will need to:

1)Have a ruling from the Social Security Administration that you became disabled within the first 60 days of COBRA continuation coverage

2)Send the plan a copy of the Social Security ruling letter within 60 days of receipt, but prior to expiration of the 18-month period of coverage

If these requirements are met, the entire family qualifies for an additional 11 months of COBRA continuation coverage. Plans can charge 150% of the premium cost for the extended period of coverage.

This is usually much less costly than paying for an individual plan, pre-exisisting conditions are not an issue, and you have continuous coverage when you might not qualify for an individual plan based upon your health.

Answer 3

Did you check with your company to see if they had a retirement insurance? I had Aetna with the company that switched to GMP retirement insurance which brought inc. down to $45.00 a month for self and wife.I was hurt on the job and went on ssd after 12 yrs.I am 57yrs old.Went on medicare and also got Sterling Insurance which helps with medicare.

Answer 4

There are different health insurance coverage you may possibly avail, but you have to choose the best deal you can afford. So for more health insurance tips and contract details, you may also browse this site http://www.upkb.com/healthinsurance.php to learn more about your options.