Insurance for Seniors: What You Really Need After 60
Turning 60 is a major milestone — and it’s also the perfect time to review your insurance coverage. As you move into retirement and beyond, your needs change. Here's what insurance you should focus on after age 60 in 2025.
1. Medicare + Supplement Plans
- Enroll in Medicare at 65 (Parts A and B)
- Consider a Medigap policy or Medicare Advantage (Part C) to cover out-of-pocket costs
- Don’t forget prescription coverage (Part D)
2. Long-Term Care Insurance
This type of policy covers services like assisted living, nursing home care, or in-home assistance — things Medicare does not pay for. Premiums are lower when purchased in your 60s.
3. Final Expense Insurance
Also called “burial insurance,” this small policy (typically $5,000–$25,000) helps pay for funeral costs and small debts — reducing the financial burden on your family.
4. Life Insurance (If Needed)
If you still have dependents, a mortgage, or want to leave a legacy or cover estate taxes, a term or permanent life policy might be right. Many seniors opt for no-exam life insurance.
5. Auto & Home Insurance
Many insurers offer senior discounts, especially if you’ve had a clean driving record. Review your policies to make sure you're not overpaying for coverage you no longer need.
Final Thoughts
Insurance in your 60s is about protection, peace of mind, and preparing for the future. The right coverage can help you enjoy retirement without financial stress — and ensure your family is taken care of.
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