Is short-term health insurance a good option if I retire before Medicare?
Answer:
It can be. Short-term health insurance is designed to help bridge a temporary gap in medical coverage, such as retiring before becoming eligible for Medicare at age 65. These policies generally have lower monthly premiums than comprehensive health insurance, but they also provide fewer benefits and typically exclude pre-existing medical conditions. Before enrolling, compare a short-term plan with COBRA and an Affordable Care Act (ACA) marketplace plan.