Health Insurance Options for FRS DROP Retirees

Don Anders discusses the health insurance options for FRS DROP Retirees. This video is specifically for people retiring before the age of 65 from the Florida Retirement System and the Florida Retirement System DROP Program.
Health Insurance is one of the most expensive costs for retirees, especially before they're eligible for Medicare. We break down the three most common questions when it comes to Health Insurance for FRS Retirees:
1. Do I get my Health Insurance Subsidy if I don't stay with my current employer's plan?
2. Is my employer plan COBRA after I retire?
3. Should I stick with my employer's health insurance plan after retirement?
If you'd like to schedule a complimentary phone consultation with one of our financial advisors to discuss insurance and/or retirement, click here: calendly.com/andersfinancial/...
If you will be 65 or older when you retire, click here for our video on Medicare Options for FRS Retirees: • Medicare Options for F...
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[@411sponge72]

Thank you for all of of your videos! They have been a great help! I'm about one year out of DROP so I might be making an appointment to see you guys soon! Quick question though. Has the Heath Insurance Subsidy increased? My co-woker whose planning on retiring said that the benefit is now $7.50 instead of the $5.

[@MsGail61]

I foolishly rejected staying on the $830 State insurance after finishing DROP last year, in favor of a Marketplace plan. Fortunately I am returning to work after my one-year waiting period and will be able to get back on the State insurance as a new hire.

[@PinkGrammarGirl]

Marketplace estimated my husband a high amount but ended up being $13. He makes about 34k. It's a joke. He has a christian ministry "insurance" for now and our son is on Medicaid.

[@lorimohler1961]

Thanks for the information!

[@jorgeluna9777]

Can u start with employer coverage then later go to the health care market

[@CoachA]

thanks for this video. Great explanation

[@marshaburke3085]

Very informative and I will be contacting your office. I’m in the last year before retirement. However, I won’t be 65 years of age.

[@mbilodeau1]

nice video

[@richalbee6360]

The Health insurance subsidies are pretty pathetic. $150 per year a nice little bonus, but with the price of insurance, it is like a dime.

[@AndersRetirement]

It’s $150 per month