Health care for early retirees

Consider these facts if you plan to retire early

A group of seniors playing a board game.

Get group coverage
If you want to continue working part-time or on a consulting basis, you may be eligible for group coverage at lower rates from a trade or industry organization, or even your alumni association. Also, check with your local chamber of commerce. Many offer group health plans to members. Or try the website of the National Association for the Self-Employed to see if it offers health coverage in your state.

If you’re planning to retire early, set yourself up for success with health care options.

Research retiree health care benefits
If you’re lucky, your employer may offer retiree health care benefits — until Medicare coverage begins — as part of an early retirement package.

Find an individual policy
If you don’t qualify for or can’t find a group plan, compare individual policies online. When you find a group or individual plan that fits your needs, research it. Call your state’s insurance department and ask if there have been any complaints or legal actions against the insurer underwriting the plan.

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