Skip to content

Top 7 Best Health Insurance For 55 And Older Senior Citizens

Top 7 Best Health Insurance For 55 And Older Senior Citizens

Having enough medical health insurance as a retiree is important. It’s sensible funding all through life, however much more in older you close to retirement. An evaluation printed in 2019 exhibits that though individuals over 55 characterize 29% of the population, they account for around 56% of healthcare spending.

Best Health Insurance For Seniors
Best Health Insurance For Seniors

For those over 50 or who meet different qualifying standards, Medicare is often essentially the most economical type of medical health insurance for 55. Nonetheless, it doesn’t cover individuals who retire sooner than the qualifying age or cover 100% of healthcare payments.

There are still out-of-pocket bills, which might rapidly mount up and deplete hard-earned retirement financial savings in circumstances of a critical sickness. 

Should you’re approaching retirement age or contemplating early retirement, reviewing your medical health insurance for seniors over 55 and older preparations is crucial. Read more to seek out who made the record of our best health insurance for 55 and older senior citizens.

Health Insurance For 55 And Older

Here’s We Present the Top 7 Best Health Insurance For 55 And Older Senior Citizens

Sl. NoCompany NameMonthly Premium CostRating
1Aetna Health insurance$388A+
2Medicaid Health insurance$0A
3United Healthcare Health Insurance$390A
4Cigna Health Insurance$440A-
5Humana Health Insurance $448A
6Cobra Health Insurance$340A+
7Blue Sky Coverage$320A
Health Insurance Cost For 55 And Older

Aetna Health insurance

Aetna is likely one of the largest suppliers of Medicare Benefit Plans. These plans are options to Unique Medicare that provide extra advantages resembling dental, listening to, and vision care. 

Aetna’s choices persistently rank extremely in The Facilities for Medicare & Medicaid Services (CMS) annual star rankings. Aetna gives among the lowest value however highest high-quality health insurance for 55 policy for retirees, making them our high decide general. Their monetary power is rated A.

Offering you qualify for Medicare, you may enroll in an Aetna Medicare Benefit Plan. Chances are you’ll discover that these plans supply an extra comprehensive medical health insurance possibility than Unique Medicare, owing to the additional covered providers.

Medicaid Health insurance

The federal authorities and particular person states associate to supply the Medicaid program. It’s our high decision for retirees on a low income because it gives complete health protection for little or no value.

Medicaid helps pay eligible individuals pay for or their Medicare premiums and contributes towards out-of-pocket healthcare bills, like deductibles and copayments. A big benefit of Medicaid is that it extends protection past Medicare.

This cover can include pharmaceuticals, listening to aids, case administration, and physical remedies, and there are not any exclusions for pre-existing situations.

Best Health Insurance For 55 And Older Senior Citizens
Top 7 Best Health Insurance For 55 And Older Senior Citizens

Usually, Medicaid protection begins instantly when a utility is accredited, has no premiums, and the advantages proceed so long as you’re eligible with no ceiling. 

United Healthcare Health Insurance

United Healthcare sells short-term health insurance for 55 policies underwritten by the Golden Rule Insurance coverage Firm. These insurance policies are designed to cowl transitional intervals, for instance, leaving work and qualifying for Medicare, and usually span from Three to 12 months.

The website has an internet citation system, and it’s straightforward to check the totally different insurance policies on your zip code. The system additionally exhibits your choices for add-ons like imaginative and prescient and dental plans. Individuals can enroll as much as the age of 65.

Cigna Health Insurance

Cigna is an apparent selection for our supplemental insurance coverage top-pick with their plans that include A, B, C, D, F, Excessive-Deductible F, G, and N, plus non-standard choices. Their portfolio additionally contains particular person and employer health insurance, dental, and imaginative and prescient insurance policies, plus Medigap, Medicaid, Medicare Benefit, and prescription drug plans. 

You probably have Unique Medicare protection, you’ll be left with some out-of-pocket bills like deductibles, coinsurance, and copayments. Supplemental insurance coverage, or Medigap coverage, helps you pay a few of these prices.

Humana Health Insurance

Humana is a well-liked and well-known supplier with an A- (Wonderful) ranking. Unique Medicare doesn’t cover pharmaceuticals. In order for your health insurance for 55 protection, you’ll have to purchase a standalone Medicare Part D plan, or as a substitute go for a Medicare Benefit plan that features Part D.

Should you qualify for Unique Medicare, you should purchase a Part D or Benefit health insurance for 55 to 60 plan. Humana supplies each choice for individuals dwelling throughout the US. 

Except for particular person and employer medical health insurance, Medigap, Medicaid, Medicare Benefit plans, dental, and imaginative and prescient insurance policies, Humana gives three Part D plans you should purchase online. 

Cobra Health Insurance

The Consolidated Omnibus Budget Reconciliation Act (COBRA) provides employees and their households who lose their health advantages the appropriate to decide to proceed with group well-being advantages supplied by their group health plan for restricted intervals of time beneath sure circumstances such as voluntary or involuntary job loss.

With COBRA insurance coverage, you are on the hook for the entire thing. This means you can be paying common month-to-month premiums of $569 to proceed with your particular person protection or $1,595 for household protection.

Blue Sky Coverage

Blue Sky Coverage is a California-based online market with a staff of licensed brokers dedicated to assisting their clients to construct personalized insurance coverage insurance policies and evaluating plans from high suppliers.

General Ranking: 4.1 / 5 (Wonderful) BlueSky operates as a one-stop-shop for all of your insurance coverage wants. The corporate’s online portal can join you with carriers for not just only householders, but auto, health, life and Medicare health insurance for 55 coverage as effectively.

Health Insurance for People Over 50 to 65

For anybody between 50 and 65 years who can be in search of some health cover or is already looking, you can be in need of plenty of help. This age is essential in that most of the body’s systems are nearly prepared to begin failing to plunge you into critical health challenges.

Utilizing statistics insurance companies know that the expenditure on health for the 20 to 45-year-old group can be quite a bit lower than for the 50 to 65-year-old group. Due to this fact, the premiums for older individuals are increased. Don’t despair, as we’re sensible we’ll be sure you discover away. Allow us to take a look at some choices available.

Cheap Health Insurance for 50 And Older Quotes

For many who are still working and could also be taking a look at starting a business or going to retire, there are a couple of areas worthy of your investigating. Does the corporate you’re employed for will let you purchase insurance coverage by means of their plan?

Health Insurance for Seniors Over 50
Health Insurance for Seniors Over 50

For early retirement, if the company permits, they are able to subsidize a portion of the premiums. If there is no such thing as a subsidy, you may still be entitled to group charges that are lower than for people. If your partner will stay in employment seriously look at becoming a member of their plan if that is possible.

Know More: Health Insurance For 50 Years And Over

An alternative choice is COBRA or Consolidate Omnibus Budget Reconciliation ACT, for those still in employment that offers medical health insurance for 55 to 65 age cover. Former workers and their households can proceed with the quilt for as much as a year and a half. COBRA can also be assured. You cannot be turned down even for chronic illnesses.

The downside is the associated fee. Throughout your employment, the employer usually meets 70% of the premium. Own your personal you’ll cover the total premium and administration prices on high. A 1997 survey confirmed that on common a retired worker would pay $1,048 for household cover and $373 for the person’s health cover.

Medical Insurance For 55 And Older Senior Citizens

Even if you’re not in employment, there are some choices open to you. For those with pre-existing situations like hypertension or diabetes who fail to get health insurance for 55 coverage, protection remains to be accessible by means of the states’ high-risk programs particularly set as much as assist this group of individuals. Like COBRA, the premiums are fairly excessive.

Health Insurance For 55 And Older
Health Insurance For 55

You must also test skilled organizations that you can be part of or are already a member of or are affiliated with to see if the membership gives health insurance for 55 to 60 cover. As it is a group cover, your premiums can be below.

Senior Health Insurance Age 62 to 65

Lastly, the health insurance scheme for individuals. There are now excellent choices in this area as suppliers believe the 50-65 age group has potential for growth.

These people even have good earnings and are in good health. Companies consider that even when the oldies develop into eligible for Medicare, they will still go for supplemental coverage.

Know More: Health Insurance For Seniors Over 70

A few of these choices have month-to-month premiums as little as $200 for people in fair health, however, carry excessive deductibles. Some advisors advocate combining opening health savings accounts (HSA) when taking out a cover with excessive deductibles.

HSA contributions should not be taxed, nor are any withdrawals made in direction of certified medical bills and the steadiness at year-end could be rolled over to the next year.

AARP Affordable Senior Health Insurance

The age at which you will get health insurance for 55 plans that AARP makes accessible by means of its partnership with UnitedHealthcare is for these eligible for Medicare, which might usually be Americans age 65 or older. AARP members ages 50 through 80 should buy the insurance coverage.

AARP Senior Health Insurance coverageBrooklyn, New YorkLos Angeles, CA
Offered PlansA, B, G, K, L, NA, B, G, K, L, N
Monthly Premium(Average)$83.50–$270$61.44–$163.20
AARP Affordable Senior Health Insurance

There are two forms of AARP health insurance for 55 coverage terms and permanent. The term life coverage gives as much as $100,000 in safety for ages 50 by means of 74 to buy. Coverage lasts till age 80.


Having health insurance as a retiree is important as it’s possible that your health needs improve throughout your retirement years.

Without enough medical health insurance, you can be left with money owed totaling 1000’s dollars do you have to fall unwell, which might take a bit out of your retirement financial savings. Our round-up presents wonderful choices for health insurance for 55 to 65 protection for retirees’ FAQs.

What is the best health insurance for senior citizens?

Best General: UnitedHealthcare.
Finest for Supplementing Medicare: Humana.
Best for Low-Earnings Seniors: Medicaid.
Finest Short-Time period Protection: Golden Rule Insurance.
Best for Beneath 65: Cigna.

How much does health insurance cost for a 55-year-old?

After age 50, premiums rise tremendously. At age 53 the common premium is greater than double the base charge, and by 55 the common premium is $446. At age 60, the common premium is $543. If an individual is 64 years previous, the common medical health insurance premium is $600.

At what age can you get AARP health insurance?

AARP members ages 50 by way of 80 should purchase the insurance coverage. There are two forms of AARP health insurance for 55 coverage plans.

The time period life coverage affords as much as $100,000 in safety for ages 50 by way of 74 to buy. Protection lasts till age 80.

How much is health insurance through AARP?

Bear in mind it prices solely around $12 to $16 per month for 12 months for an AARP membership if you would like these extras.