Fewer than 10% of private employers offer insurance to retirees, though we all are eligible for Medicare at age 65. If you are offered health insurance as a retirement benefit – grab it! Having health insurance through a group, even as a retiree, is always less expensive than as an individual. But health insurance isn’t the only issue.

Many employees have life insurance as a benefit, generally at least one time your salary. Often, as a retiree, you can take this coverage with you but you will now have to pay the annual premium out of pocket. If you still have a mortgage or kids in college you may want to continue this life insurance.

Long term care insurance you had as a benefit is also one that you can take with you. Again, you will have to pay the premiums yourself but this expense is well worth it.

Disclosures:  http://www.hechteffect.net/?page_id=31