Hi Bill and Akaisha,
I am 66 and my partner will be 63 in December. I am retired and have Medicare and a good supplement. Jamie gets insurance through her work which is our dilemma. She wants to retire but will need to cover herself for 2 years. How did you guys deal with this problem? Any suggestions? We travel outside the US regularly but her insurance issues have held us back.
Thank you for taking the time to write. We appreciate it.
We understand your wife’s hesitation in giving up her work-provided health care. Getting sick or needing medical attention in the US is very expensive. This is not as cumbersome a problem receiving medical care overseas where it is far more affordable out of pocket.
I suppose it depends on how much travel out of the States that you intend to do in the next couple of years before she qualifies for Medicare… or how badly your wife would like to retire. You could choose to Go Naked – and receive your health care overseas (including your preventative exams), which has been a viable plan for many. But if you intend to live in the US and spend most of your time in the States, that could be nerve wracking for you.
I imagine it would also affect your decision if your wife has pre-existing conditions – where even travel insurance would exclude coverage for these areas of health.
Do you plan to live in the States? Move overseas? Is your wife reasonably healthy?
When we first retired and for years afterwards, Billy and I took out a high deductible US based health insurance plan. Eventually, we dropped that plan since we were spending most of our time overseas and paid for medical care out of pocket. The money we would have spent for premiums, we just saved and created our own HSA and self-insured.
This plan worked for us, but it may not work for you for various reasons, as everyone is different.
I hope you find the above information to be useful. Good luck to you and feel free to write any time.