What is the Best Medical Insurance for Retirees in 2023?

Medical Insurance for Retirees Medical Insurance for Retirees

Best Medical Insurance for Retirees- Overview

Many of us expect Medicare to take care of the cost of health treatments after retirement. In general, Medicare is aimed at senior citizens who are 65 years and over and for those who meet its specific criteria.

So, if you’ve taken retirement before you’ve reached 65 years of age, then you may have to look at alternative health insurance.

Having medical insurance when you retire is considered to be extremely essential for your overall financial security because our medical needs grow as we age.

Without a valid insurance policy, you could end up paying thousands of dollars in medical bills.

So, if you want to check the best medical insurance for retirees in 2021, you’ve come to the right place.

Top Medical Insurance for Retirees

Here’s our selection of the best medical insurance for retirees in 2021:

Top Medical Insurance for Retirees

Top Medical Insurance for Retirees


Aetna offers comprehensive coverage and is considered to be one of the best choices for medical insurance for retirees, thanks to its expansive network, huge range of treatments covered, and other impressive benefits.

It is one of the largest health insurance providers for Medicare Advantage Plans.

These act as excellent alternatives to conventional Medicare insurance plans as it offers dental, hearing, and eye care.

The company also scores a high rank in The Centers for Medicare & Medicaid Services (CMS) annual rankings.

Aetna is renowned for offering low-cost but comprehensive insurance cover which makes it incredibly popular with retirees and senior citizens.

The company serves over 39 million people with prescription, health, and dental insurance plans.

If you qualify for Medicare plans, then you can apply for Aetna Medicare Advantage Plan too.

Top features of Aetna Health Insurance

  • Request quotes and purchase policy online
  • Insurance plan starting with US$ 0 premium
  • Home delivery for prescription drugs
  • Meal delivery program included
  • SilverSneakers fitness program included


Humana is ranked in this list as the top insurance plan for prescription needs as it offers incredibly low monthly premiums and maintains an extensive provider network across the US.

Humana is a renowned insurance provider and ranks high in annual ratings. Everyone knows that conventional Medicare does not cover the cost of prescription drugs.

If you, as a retiree, expect to use prescription drugs regularly, then this insurance plan is considered to be the best.

Humana offers an extensive range of insurance plans, including employer-sponsored insurance, Medicaid, Medigap, Medicare Advantage plans, dental and eye care. These can be easily purchased online.

The Humana Walmart Value Rx Plan is the most budget-friendly insurance plan from the company.

It comes at an affordable monthly premium of US$ 17.20 and offers a co-pay option in three progressive tiers. You can simply visit their official website for detailed information and clauses.

You can use the official Humana website to purchase insurance policies that suit you easily.

The company has a vast nationwide network of pharmacies where you can find even rare prescription drugs at an affordable price.

Top features of Humana Health Insurance

  • Extremely affordable monthly premium rates
  • Cost-effective online price list
  • Discover if your medications are covered online easily
  • Extensive provider network of pharmacies


Medicaid is yet another excellent medical insurance for retirees.

This is an ideal choice of insurance policy for low-income retirees thanks to its federal funding that allows incredible benefits for policyholders.

Medicaid is the result of collaboration between the federal and state governments to provide affordable medical care for policyholders.

Those eligible for Medicaid benefits enjoy deductibles and co-pay options for medical treatments.

Medicaid is significantly more extensive than Medicare and offers help with prescription drugs, case management, hearing aids, and physical therapy costs. The insurance plan also covers pre-existing conditions.

Seniors can apply for Medicaid assistance if they fulfill the federal guidelines that dictate eligibility. Policyholders enjoy huge benefits and offer incredible flexibility in coverage.

To know the details of Medicaid insurance plans and to find out whether you qualify for the advantages, feel free to visit your state Medicaid agency and request an application.

If you are not qualified for Medicaid here are 3 alternatives

Top features of Medicaid Health Insurance

  • Free and low-cost premium plans
  • Offers coverage for a wide range of health treatments
  • Restricts out-of-pocket expenses
  • Available in all states


United Healthcare is the best choice for short-term insurance plans. These insurance plans are underwritten by the Golden Rule Insurance Company.

These insurance policies are aimed at covering transitional periods between two different insurance policies, such as when you leave work and qualify for Medicare.

Usually, the insurance plan provides cover for 3 to 12 months. For extended coverage, you can choose to buy the term insurance plan which extends services to 36 months.

You can visit the official United Healthcare website and get an online quote easily. Additionally, you can find extra add-on options, such as dental and eye care plans.

These short-term insurance policies are aimed at individuals below the age of 65 years.

Top features of United Healthcare Health Insurance

  • Online quotations available
  • Covers the cost of prescription drugs
  • Short-term insurance plans from 3 to 36 months
  • Available in every state


This is our list of the top medical insurance for retirees to buy in 2021. These insurance providers have been selected according to their reputation, ranking, provider network, and affordability.

Let us know which of the above insurance plan suited you by dropping in a comment below.

See Also

How to get dental implants covered by insurance

No medical exam life insurance for seniors

Grants for senior dental implants

Does Medicaid Cover Dental Implants

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