Insurance is based on the assumption of transferred risk. You transfer your risk to the insurance company for an agreed premium. At 62 it is an expensive trade. I especially know, because I used to sell small group insurance policies back in the days of medical underwriting. Women were more expensive than men too.

I am on Medicare now, but know the risks. Last year in nine months I had a colon resection, followed my a kidney removal. Both cancer surgeries. Then I had a 13” incision up the middle to repair a hernia from the colon surgery. That nine months would have bankrupted me without Medicare, a Supplement, and Tricare. I was 72, rather than 62. An infected knee replacement in 2006 was even worse. Ten weeks in a rehab facility on IVs, then physical rehab for years and finally a second knee in 2012 that was no better. Disabled.

Hard decision you must make. Maybe you can get 18 months of COBRA.

We pay $500 and change a month for both of us and we assume (I think) the first $11,800 each year (deductible - sort of). We don't use health care much so paying the $15,000 a year to UHC (with a $10,000 deductible) was crazy.

Your rates are determined by age. Young folks, it's super inexpensive.

I don't know about when I turn 65. I'll visit that in 3 years.