QUESTION:

early retirement & cancer

I retired at age 60, and I have health insurance that is expensive and it doesn't cover anything until I have out of pocket of $3500. I have been diagnosed with stage 4 cancer, can I get medicaid now or do I still need to wait until I'm 65?
Thanks, Sandy
asked by sandyw, 5/2/2009
Categories: Early Retirement
ANSWERS:
Answered by: Editorial, 05/11/09
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First -- be sure to stay up to date with your existing medical insurance. It is far LESS expensive than any new private insurance if you could get insured at all.

Furthermore, you may find that your current insurance offers far better benefits and better access to doctors and services than any Medicaid program.

$3500/year is not a terrible out of pocket expense vs some alternatives.

Second -- You can begin to explore what your Medicaid options might be on this link: http://www.cms.hhs.gov/medicaideligibility/

I wish you the best!

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