How to Get Health Insurance at Age 62

“The number of uninsured adults aged 50 to 64 has risen since 2013,” according to a recent study by the Commonwealth Fund. “Older adults who lose their jobs and their health insurance, or who never had insurance to begin with, may struggle to find coverage.” If you’re 62 or older, you may be worried about your options for health insurance. Fortunately, there are several options available to you.”

1. Medicare

For most people who turn 65, their first option should be Medicare. But if you’re retiring at age 62 and won’t qualify for Medicare until you turn 65, you’ll need to find other options. However, if you are collecting Social Security and have been collecting it for 24 months or more, you are automatically enrolled in Medicare Parts A and B when you turn 65. Contact the Social Security Administration to find out more about your eligibility.

2. Affordable Care Act (ACA)

You may qualify for a subsidized health insurance plan through the Affordable Care Act (ACA), also known as Obamacare. According to Healthcare.gov, you may qualify for a subsidy if your income is between 100% and 400% of the federal poverty level. You have until December 15 of each year to enroll in a plan through the ACA. Contact US Health Insurance Options LLC to learn more about your options.

3. Medicaid

Another option for those with low income is Medicaid. Depending on your income and the state you live in, you may qualify for Medicaid, a state-run program that provides health insurance to those with low income or disabilities. In Florida, for example, the income limit for Medicaid is $1,468 per month for a single person as of 2021. Contact US Health Insurance Options LLC to find out more about Medicaid eligibility in your state.

4. Employer-Provided Insurance (COBRA)

If you recently retired, you may be eligible for COBRA, which allows you to continue your employer-provided health insurance for up to 18 months. However, you will be responsible for the entire premium, which can be expensive. Contact US Health Insurance Options LLC to find out more about COBRA costs and options.

5. Short-Term Health Insurance Plans

Short-term health insurance plans can provide temporary coverage while you wait for Medicare eligibility or until you find another health insurance option. These plans typically offer lower premiums but may come with fewer benefits and higher out-of-pocket costs. Contact US Health Insurance Options LLC to learn more about short-term health insurance options.

Conclusion

If you’re over 62 and looking for health insurance, there are several options available to you. From Medicare to ACA and Medicaid, COBRA, and short-term health insurance plans, you have many choices. But finding the right plan that meets your specific needs and budget can be overwhelming. That’s why it’s important to contact US Health Insurance Options LLC, and let our licensed agents help you find the right plan. Our expertise is free, and we can help you save money on your health insurance coverage.

Resources

• How to Get Health Insurance at Age 62
• Florida Medicaid
• Florida Medicare