I'm 62, and my insurance policy finished a few months ago. I want to buy health insurance, because I'm high-risk at this age and I don't want to burden my family. I saw a TV commercial for insurance for retirees. I don't have any and am not sure that's a good thing.
_ ChatriANSWERED BY...Teera Phutrakul, CFP, Chairman, TFPA When you say you are in a "high-risk" category, I assume you are referring to your age and not your health. Given your age, it is standard protocol that most insurers will insist on a medical check-up before they accept you as a client.
However, if you are in poor health or have what insurance companies like to call pre-existing conditions, which simply means any medical condition with signs or symptoms up to five years prior to the first policy effective date that would cause a reasonable person to seek diagnosis, care or treatment, then chances are you will be turned down.
This article is older than 60 days, which we reserve for our premium members only.You can subscribe to our premium member subscription, here.