What Insurance Will I Need In Retirement? 
When youre asking what insurance do you need when you retire , we need to know if youre asking about Health Insurance or are you talking about protecting your family from loss . If your question pertains to your health insurance because most of us loose that when we retire then you have two options . You can look at either a Medicare Supplement , which works similar to car insurance and what I mean by that is you can buy a plan with no deductible and pay a higher premium , that will cover all of your doctor and hospital expenses or you can assume part of the risk and pay a lower monthly premium with a deductible or co-pay and it will still cover your doctor and hospital expenses . Medicare Supplement will run you anywhere from $ 155 to $ 200 per month so around 2-3 thousand dollar per year to see your doctor 4 to 5 times a year . Some people like this option because their monthly cost is set even when they have a bad health year . The other option you have is to look at a Medicare Advantage plan if its available in your area . Most plans have either low or no monthly premium and small co-pays when you see your doctor or are hospitalized . All plans have a maximum out of pocket to protect you for bad health years so if youre like the average senior and you see your doctor the 4-5 times a year , your health insurance cost will run you under $ 100 . If you were asking about insurance to protect your family from loss then the answer get more complicated because we have to look at what insurance you already have in place , if you have a pension are you looking at taking a full or partial , do you have a 401K , if married when is your spouse going to retire and if it would be better to take their social security now or wait . With out knowing the answers to some of those questions answering that question would just be a blind shot in the dark . 