Trending...
- California: Governor Newsom, Superintendent Thurmond announce over $618 million to support another 458 community schools
- $4.3 Million Patent Application Waiver Fee Granted by FDA on New Drug Application Fee for Treatment Addressing Suicidal Depression & PTSD: NRX Pharma
- xREnergy up as much as +3,094,634% on first day listed on the XRP Ledger. Ticker : $XRE
NEWPORT BEACH, Calif. - Californer -- The Challenge of Early Retirement Health Insurance
- Retiring before the age of 65 means you won't yet qualify for Medicare (https://smartfinancial.com/what-is-medicare), the government-sponsored health insurance program. This gap in coverage can be daunting because private health insurance that is not subsidized by an employer is expensive if you don't qualify for government subsidies guaranteed through the Affordable Care Act (ACA).
Private health insurance premiums can be a significant financial burden on a fixed income. If you're creating a budget for your retirement years, add on the cost of a health insurance premium each month.
Losing health coverage after you retire qualifies you for a Special Enrollment Period (https://smartfinancial.com/special-enrollment-p...), which means that you can enroll in a health plan even if it's outside the annual Open Enrollment Period, which takes place in November.
More on The Californer- OGN INVESTIGATION NOTICE: Investigation Launched into Organon & Co. and Attorneys Encourage Investors with Substantial Losses or Witnesses with Relevant Information to Contact Law Firm
- San Diego Author Debuts Thrilling Time-Travel Novel
- Bennett Awards Designs Two Cohesive Custom Awards for 2025 Sci-Tech Academy Awards
- Poll Finds Overwhelming Opposition to Keeping Big Cats as Pets
- SM Telecom Expands AT&T Partnership to Deliver Cutting-Edge 5G+ Wireless Solutions New Collab Brings AT&T's Advanced 5G+ Technology to Cellphone
Here are some tips on where to buy a health insurance plan during the interim years in early retirement, before Medicare kicks in.
Where To Buy Health Insurance During Early Retirement
There are several ways to secure health insurance, and there are ways you can save on it too. Here are some options:
Disability Insurance
You may qualify for Medicare earlier than age 65, if you're eligible for Social Security Disability Income (SSDI). You will automatically get enrolled into Medicare if you apply and are determined to be disabled as per eligibility requirements.
COBRA Insurance
If you retire before age 65, you may be eligible for COBRA continuation coverage (https://smartfinancial.com/how-long-does-health-insurance-last-after-you-quit), which allows you to keep your employer-provided health insurance for up to 18 months. While COBRA is expensive, it can bridge the gap until you qualify for Medicare, depending on how early you plan to retire. If you are retiring at, say, age 62, Cobra coverage won't offer coverage the entire time you are ineligible for Medicare.
More on The Californer- Governor Newsom proclaims Older Californians Month
- Groundbreaking Launches 154-Acre Los Cerritos Wetlands Restoration in Long Beach – Single Largest Increase in Open Space in Long Beach in Decades
- Don Barnhart Drops Unapologetically Hilarious Comedy Special "You Do You," On Open Bar Network
- Cygnet Theatre Announces The Cast and Creative Team of Rodgers and Hammerstein's Oklahoma!
- Shon Garage Door Repair Expands Trusted Services to San Diego, CA
Compare Health Insurance Plans Online
Compare and purchase individual or family plans from an insurance-comparison website, like SmartFinancial, by entering your zip code and offering your information one time, to see which plans are available in your area. Premiums are often income-based, so you may qualify for subsidies that reduce costs. If you do not qualify for subsidies, you will have several options at different price-points for private plans.
Source: SmartFinancial
Filed Under: Lifestyle
0 Comments
Latest on The Californer
- NBA Champion Lamar Odom Launches Anti-Addiction Meme Coin, Ushering in a Disruptive Innovation in Web3
- Emmetra Partners with Renesas to Advance Agentic AI-Powered Imaging Solutions
- Gravity to Bring 5-Minute EV Charging to 8 Sites Across Greater LA
- California: Governor Newsom issues statement on Pope Leo XIV, the first American Pope
- New poll shows high rates of employee burnout amid concerns over politics and personal finances
- Tessellations Appoints Luthern Williams as Head of School
- Aureli Construction Sets the Standard for Seamless Home Additions in Greater Boston
- Psychological Thriller "Killing Off Connor" To Open 34th IFS Film Fest After 12-years In Post
- Harvest Properties Acquires Two San Francisco Bay Area Self Storage Facilities for $44.2 Million
- California businesses in near-universal compliance with prohibition of intoxicating hemp products harmful to youth
- California: Governor Newsom announces upgrades to 21 state fish hatcheries to boost salmon populations
- Solaris Energy Infrastructure, Inc. (SEI) Investors Who Lost Money Have Opportunity to Lead Securities Fraud Lawsuit
- Risk Rater, Threat Assessment App, gives Users the Same Threat Evaluation as the Rich and Powerful
- Is it Really True That Tariffs Will Raise Car Insurance Rates?
- ScreenPoints Puts Film Investors in the Credits—and in the Money With New FinTech Platform
- Coastal Business Systems Wraps Up Successful 2025 Tech Show in Redding
- AdOcto Turns AirBnBs Into High-Impact Advertising Channels
- Zefr Announces Launch of Pre-Screen Brand Safety Solution for Google's Search Partner Network (SPN)
- Pathways to Adulthood Conference May 17 at Melville Marriott Honoring NYS Assembly Member Jodi Giglio, Suffolk County Legislator Nick Caracappa
- Adster Techologies awarded US Patent for breakthrough innovation in reducing latency in Ad Serving