Many people who are just entering retirement have lots  of questions about health insurance, especially if they are not eligible for any government sponsored health insurance.  Although COBRA insurance is not a long term solution for  those who are retiring, it can provide the right interim coverage while you shop for the right long term plan.  It also, given the current laws, will ensure you don’t experience a lapse in health insurance coverage which can later deny you for an independent health insurance plan.  So what should you do if you are retiring and concerned about health insurance.

1.  Find out if you qualify for state or federal health insurance plans. Many people will find that they can acquire state or federally sponsored health insurance plans built specifically for seniors and folks who are retiring.  Explore the Medicare options that are available to you to determine if that is a viable option that will provide the level of care that you need.

2.  Consider COBRA insurance in the short term. COBRA insurance will allow you and your family to continue t o be insured for 18 months after your retire.  Many people do not realize that COBRA insurance is also an option for retirees.  Make sure to sign up with 60 days of receiving your COBRA insurance notification.  During that window you can shop for other  long term health insurance options and ensure that you will not be denied coverage when you apply due to pre-existing health conditions under the 1986 Health Insurance Portability and Accountability Act.  As long as you do not have a lapse in coverage, you will be able to find another insurance plan.

3.  Seek out long term health insurance options. Likely you will want to sign up with an independent insurance company or find insurance through a retirement organization like AARP.  There are countless options at many different price ranges and care levels, so find what is right for you and your family.