Best Health Insurance Companies for Retirees of 2021 By Zia Sherrell – Verywell Health

Final Verdict

Having health insurance as a retiree is essential as it is likely that your health needs increase during your retirement years. Without adequate health insurance, you could be left with debts totaling thousands of dollars should you fall ill, which would take a chunk out of your retirement savings. Our round-up presents excellent options for health insurance coverage for retirees.

Overall, Aetna was our top pick because of its solid reputation, extensive network, full range of coverage options, and impressive benefits.

Finding the money to cover health care can be particularly challenging if your income is low. Our top pick for low-income retirees is Medicaid. This federal government program is unrivaled in terms of providing low or zero-cost access to health care. 

Although Medicare covers many healthcare expenses, it doesn’t cover most prescription drugs. For standalone coverage, you can add to Original Medicare; Humana earns our highest ranking because of their economic plan options, outstanding reputation, and CMS rating, plus a user-friendly website.

If you retire before 65, you’ll need insurance to bridge the gap before you qualify for Medicare.  United Healthcare is our choice for short-term coverage as they can extend coverage to 36 months.