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Press Release
 
STATE OF OHIO
DEPARTMENT OF INSURANCE
COMMUNICATIONS OFFICE
 
 

4/9/2018
Ohioans Preparing for Retirement Urged to Evaluate Insurance


National Retirement Planning Week April 9-13

 

COLUMBUS — Ohio Department of Insurance Director Jillian Froment is urging Ohioans preparing for retirement to evaluate their insurance needs and the associated costs as part of National Retirement Planning Week, April 9-13.
 
“For the many Ohioans transitioning into retirement, a thorough insurance evaluation is a big part of retirement preparedness,” Froment said. “I encourage Ohioans who have not reexamined their insurance – from health to life to auto to home – to think about it under the retirement lens.”
 
Froment said a coverage review should include:
  • Careful evaluation of health insurance when deciding to retire early and shopping for Medicare, including drug coverage and supplemental insurance.
  • Adjusting home and auto costs by putting insurance in line with a possible different lifestyle.
  • Considering adjustments to life insurance levels and determining if an annuity is a good fit.
  • Planning for potential long-term care and how to pay for it. 
More insurance information is available on the Ohio Department of Insurance website at www.insurance.ohio.gov. Ohioans can call the department at 1-800-686-1526 with insurance questions and 1-800-686-1578 if they are Medicare specific.

 


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The State of Ohio is an Equal Opportunity Employer

Ohio Department of Insurance
50 W. Town Street, Third Floor - Suite 300
Columbus, Ohio  43215
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John Kasich, Governor | Jillian Froment, Director
General Info: 614-644-2658 | Consumer Hotline: 800-686-1526
Fraud Hotline: 800-686-1527 | OSHIIP Hotline: 800-686-1578