What would you do if you lost your employer-provided health insurance? Would you sign up for the Affordable Care options, would you try a state program, or something different? If you haven’t investigated your options or considered what would happen if you needed to make a change with your health insurance coverage, this is the episode for you! 

A while back I posted a blog article about health care coverage before the age of 65 but I wanted to make sure I updated it to include some critical changes that will impact people like you. I’ve also included some links that I know you will find helpful, they are located in the resources section at the end of this post. 

 

You will want to hear this episode if you are interested in...

• Getting healthcare coverage before the age of 65. [1:30]
• Investigate individual health insurance plans. [5:30]
• Utilizing the Affordable Care Act. [7:30]
• Breaking down the insurance exchanges and how the process works [12:00]
• Using the open enrolment period and planning ahead [15:30] 
• Closing thoughts [17:15]

Why 65? 

When you consider your long-term health insurance coverage, are you basing your decisions on what your employer provides, or are you planning on something different? As you look ahead, remember to factor in the age of 65 - that is the age when you are eligible for Medicare. 

Medicare is a national health insurance program administered by the Centers for Medicare and Medicaid Services (CMS), it primarily provides health insurance for Americans aged 65 and older, but also for some younger people with disability status. 

Know your options 

When it comes to assessing your options, it’s good to start by laying it all out on the table. Looking at all of your reasonable options and weighing the pros and cons can be an effective way of helping you make the right decision for you and your family. As I see it, here are the main options that most people have when it comes to considering health care coverage before the age of 65.

1. Chose to have no health insurance. 
2. You could qualify for your state’s version of Medicare. 
3. Continue your existing health insurance from your employer using COBRA. 
4. Investigate the individual plans that are available. 
5. Purchase a plan through the Affordable Care Act. 

Those are the five options as I see them when it comes to health care coverage before the age of 65. Have you had to rely on any of these options? What has been your experience when it comes to planning ahead for health care coverage? Make sure to tune in and let me know what you think, I love hearing from passionate followers!

Resources and People Mentioned

• portal.ct.gov/HUSKY/How-to-Qualify
• portal.ct.gov/-/media/HH/PDF/HUSKYAnnualIncomeChart.pdf
• portal.ct.gov/CID/Life-And-Health/Companies-with-Approved-Individual-Health-Insurance-Policies
• www.healthcare.gov/
• www.accesshealthct.com/AHCT/cthix/#/home
• https://www.healthcare.gov/glossary/federal-poverty-level-fpl/
• Episode 1
• Episode 16

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www.MorrisseyWealthManagement.com/contact