Transitioning to
Retirement
Short-Term Health Insurance for Older Adults
This option is often much less expensive than
COBRA, but it usually doesn't cover pre-existing conditions.
Short-term insurance is an inexpensive source of
coverage that may be a good option for older adults who are transitioning to
retirement but may have a few months before they are eligible for Medicare. It
may be renewable or non-renewable.
This
health
insurance coverage has policies that range from 1 to 12 months and is a
good option if COBRA is not available and
Medicare will start within a few months. Plans typically provide lists of
doctors who decrease patients'
co-payment but
allow patients to visit other doctors for a higher out-of-pocket fee. Charges
vary, but typically range from $30 to $150 a month, depending on factors
including co-payment structure and
deductibles.
Alabama Health Plans
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