Personal Finance Advice and Commentary

Tuesday, March 27, 2012 4:55 pm
By Jennie L. Phipps · Bankrate.com

No health insurance is a problem that can wreck your retirement planning and put real retirement out of reach.

If you’ve lost your health insurance and you aren’t old enough for Medicare but you can’t buy a private pay replacement plan because you have a health problem, take a look at the federal government’s Pre-Existing Condition Insurance Plan website.

The Pre-Existing Condition Insurance Plan is a stopgap until 2014 when the Affordable Care Act really kicks in, and insurance companies will no longer be able to discriminate against potential customers with pre-existing conditions. It is administered by either your state or the federal government, if your state decided not to step up.