Reed Financial Planning Services



111 Founders Plaza, Suite 1706
East Hartford, CT 06108





Health Insurance Options for Retirees

Health insurance can be one of the most costly and confusing aspects of retirement. If you retire before the age of 65, you will need to plan for where you will obtain your health insurance.  Your options can vary depending many factors.

If you retire prior to the age of 65, you will most likely need to find health insurance either through your previous employer, your spouse's employer or through a private insurance company.

Once you reach the age of 65 or if you retire on or after the age of 65, you are most likely eligible for Medicare. Part A and B are offered through the government. For most individuals, Part A is free, but there is a cost associated with Part B. You also need to plan for deductibles and co-pays. Lastly, most everyone needs a supplemental plan.  We work with a variety of professionals who sell Medicare Supplement and Medicare Advantage plans to help guide our clients with that important topic.

Due to the importance of this subject and the high cost associated with retiree health insurance, it's an vital part of the planning process with our clients.