Help with the health insurance you need
Are you planning to retire before you turn 65?
What To Think About
The Income Factor
The majority of early retirees see their income drop substantially upon retirement. This lower income will typically qualify you for APTCs (Advanced Premium Tax Credits) that apply directly to your health insurance premium (Monthly Cost).
The ACA Pitfalls
While we almost always recommend an ACA plan when retiring before 65, that is never the ONLY thing we recommend. Almost all ACA plans use something called a narrow network (HMO/EPO), which means your benefits only apply when you seek healthcare in-network.
The ACA Factor
The availability of these tax credits is why 90% of early retirees sign up for an ACA (Affordable Care Act) plan through the Health Insurance Marketplace. Another huge benefit of ACA plans are that they cover any pre-existing conditions from day one!
Avoiding The Pitfalls
If you want (or need) to seek healthcare outside of the network, you’ll want to add supplemental coverage. These additional plans have no network restrictions and can cover you in case you receive treatment outside of your ACA plan network. This is especially helpful if you plan to travel or might want to go out-of-state for disease care.
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We match your needs with the exact right health insurance. Fill out our Health Insurance Snapshot below to book a call with an advisor.
What Information Your Advisor Will Need
Household Information
Number of household members needing Insurance, date of birth for each member, zip code.
Health Care Information
List of prescriptions (with dosages), PCP (Primary Care Provider), Specialists, Hospitals/Facilities you want in-network.
Your Household MAGI
Calculate your projected household MAGI (Modified Adjusted Gross Income) for the year you retire and subsequent years.
Dentist Information
Bring the name of your dentist so we can contact them and see which dental insurance they accept.
If you are leaving a job with benefits
If you’re leaving a job with benefits, contact your HR and get your COBRA details so we can compare them to other options available.
Your Travel Habits
Where do you like to go? How Frequently are you on the move?
Overview
Our recommendation to 90% of early retirees
We know that when you are planning to retire, your health insurance is on your mind, especially if you have been receiving it through your employer. Retire sooner without worrying about health insurance!
Most early retirees qualify for a solid ACA Plan with those advanced premium tax credits. They also want to make sure they aren’t limited to the network on their ACA Plan. So in case they need to seek care outside of the narrow network, they add a supplement. Finally, they add a dental/vision plan that fits with what their current providers accept.
We know what you are thinking… 3 different plans… What does this cost? If done correctly this will cost hundreds a month, no thousands. We understand that each situation is unique which is why we are here to advise you through it all.