Wealth management Boston

5 Health Insurance Options For Early Retirees

What options do early retirees have to obtain health insurance coverage before they reach age 65 and can enroll in Medicare? Estimating health care costs during retirement is already challenging and pre-Medicare retirees face additional uncertainty.

When planning for retirement, the key is to focus on the things you can control that matter and build in enough flexibility to feel confident that you can pivot if needed. If medical costs soar, consider your willingness and ability to cut back on other expenses to pay for it. The tradeoff may not be ideal, but it is within your control.

5 health insurance options for early retirees

  1. Continuation on your employer’s health insurance plan
  2. Jumping on a spouse’s insurance
  3. Public exchanges (ACA / Obamacare)
  4. COBRA
  5. Directly through private insurers

Infographic: 5 Medical Insurance Options for Retirees Under Age 65

Whether you’re considering an early retirement buyout package or just retiring early, medical costs should be part of your analysis. Consider the benefits of a comprehensive financial plan to assess whether it’s feasible to retire early and still live the lifestyle you want.


Sign Up for Weekly Investing Insights

Retirement Planning Guide

From saving for retirement to income and tax strategies in retirement, this comprehensive guide covers all aspects of retirement planning.

Additional Insights

Recent Posts

Benefits of a living trust
Estate Planning

2 Key Benefits of Living Trusts

With so many misconceptions around trusts, it’s easy to understand the confusion about the benefits of a revocable living trust. A living trust (also called

Read More »

Information on this website is for informational purposes only and should not be misinterpreted as personalized advice of any kind or a recommendation for any specific investment product, financial or tax strategy. This is a general communication should not be used as the basis for making any type of tax, financial, legal, or investment decision. Disclosure