Ask The Banker: Health insurance after retirement

Once you reach retirement age, there are many ways to approach health insurance.

Posted: Nov 19, 2018 6:48 PM

EUGENE, Ore. -- Once you reach retirement age, there are many ways to approach health insurance.

KEZI 9 News spoke to Oregon Pacific Bank President and CEO Ron Green to learn more.

How should we approach health insurance after we retire?

First off, you might be of retirement age and eligible for Medicare. The current age threshold for Medicare is 65.

The question is whether to purchase supplemental insurance on top of that.

For the best advice on that, Green recommends aligning yourself with a great insurance agent or a local brokerage that could help. There are tremendous professionals in all the communities that Oregon Pacific Bank serves.

Generally speaking, Green’s advice is to keep yourself healthy. Are you eating well? Do you sleep well? Are you exercising? Your overall physical condition is going to drive the kind of insurance you can get and perhaps the cost.

Green also recommends considering whether you’re willing to compromise on a high deductible or high out-of-pocket maximum for a lower premium.

All of those things will factor into your monthly cost.

If you have a banking or finance question for Ron Green, click here

Oregon Coronavirus Cases

Data is updated nightly.

Confirmed Cases: 42436

Reported Deaths: 655
CountyConfirmedDeaths
Multnomah9228160
Marion5858108
Washington579076
Umatilla335444
Clackamas313965
Lane239227
Malheur191738
Jackson16846
Deschutes113213
Yamhill99415
Linn81015
Polk65415
Jefferson6049
Morrow5456
Lincoln51713
Union4672
Benton4426
Klamath4113
Douglas3506
Wasco34715
Hood River2771
Josephine2673
Columbia2661
Coos2460
Clatsop2430
Baker1203
Crook1092
Tillamook700
Curry571
Wallowa442
Lake370
Harney230
Sherman190
Gilliam110
Grant110
Wheeler10
Unassigned00
Eugene
Clear
40° wxIcon
Hi: 59° Lo: 35°
Feels Like: 40°
Corvallis
Clear
45° wxIcon
Hi: 61° Lo: 36°
Feels Like: 40°
Roseburg
Clear
43° wxIcon
Hi: 64° Lo: 35°
Feels Like: 43°
North Bend
Clear
48° wxIcon
Hi: 61° Lo: 44°
Feels Like: 48°
KEZI Radar
KEZI Temperatures
KEZI Planner

LATEST FORECAST

Community Events