What can I expect for health insurance costs as an early retiree?

I'm 35 now and plan to retire around 40 or 41. I'm not exorbitantly rich, though; I've just saved enough to support my expenses and will do what I want instead of going to work every day. What I don't have a good handle on are my options for health insurance (before reaching age 65 and Medicare, or whatever age at which Medicare will be available in 30-40 years). Are there any in the industry who have seen similar situations and have suggestions about what to expect? Thanks, Doug The question is about what to expect for insurance costs between age 40 (my retirement) and 65 (transition to Medicare).

Public Comments

1. do not worry man .... just plan your life in your means with happinesses .... for family .....
2. I know a lot of retired folks in their 60's who pay well in excess of $1000 a month for insurance. While nobody knows how much insurance will cost in the future, inflation in the medical industry consistently outpaces the CPI. You should seriously talk with a fee-only planner to get a good understanding of this and work out a plan that fits. Good luck
3. First and foremost, you need to make sure that you can qualify for an individual policy. In most states (Nevada here) Individual Health Insurance is not guaranteed issue. This means if you have pre-existing conditions, you may not qualify. Second, the coverage will be very reasonable ($150 - $350 per month) till you hit the great age of 50 - then rates really start going up. If you are in good health, you should consider looking into Health Savings Account qualified plans - lower premiums and protect you from catestropic events. If you choos to open the HSA - you can fund the account with pre-tax dollars and pay for qualified medical expenses tax free. This is also a great financial vehicle to save for future medical expenses. In your situation, this may be a good option. I hope this helps
4. Well, if you're 40 and healthy, you can plan on spending about $400 - $450 a month for health insurance. Every time you enter a new age bracket, it will go up. And once you hit 55 or 60, OR, if you develop a "condition", it's going to be really hard to shop around, as most other carriers won't take you on. it's not unrealistic to be budgeting $900 a month when you're 64.
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6. with the way things have been going in the US I dont know personally I dont wanna know. Probably not good. I would suggest getting something like a discount program instead of insurance or to use on top of insurance. I use one that is awesome it covers my whole household and is very affordable, about $39.95 a month for all of this Dental Vision Coast to Coast Amerisight Prescription Medco EZ Meds Chiropractic Physicians Primary Care Specialty Hospital Advocacy Mental Health Let's Talk Counseling several ntwk providers NurseLine Wellness Program Infuse Ancillary & Elective Services Epic Hear PO AHAA Cosmetic Surgery Diabetic Supplies Diagnostic Imaging Radiology Physical Therapy Astrum Hearing Medstat If you want more info on it you can go to http://www.mybenefitsplus.com/kmile I hope this helps!