Health Insurance by Situation
What is the best health insurance for early retirees?
Early retirees (before age 65) need health insurance to bridge the gap until Medicare. ACA marketplace plans are the best option. Early retirees may qualify for significant subsidies if their income is below 400% of the federal poverty level.
Key Points
- Early retirees: need health insurance before Medicare at 65
- ACA marketplace plans: best option for early retirees
- Subsidies: may be available based on income
- COBRA: expensive but available for 18 months after leaving employer
- An independent agent can compare ACA plans for early retirees