Since the transfer of power in Washington earlier this year, the potential (likely?) repeal of the Affordable Care Act (Obamacare) has many people worried about how they will get health insurance. Economist Austin Frakt discusses one such group this week: people who have retired (or who are planning to retire) prior to Medicare eligibility.
Unfortunately, there’s no magical financial planning solution here. If Obamacare is a) repealed and b) not immediately replaced with something that guarantees you coverage, then yes, retiring prior to Medicare eligibility would be a big financial risk unless you have coverage through some other source (e.g., your spouse or former employer).
- If Obamacare Exits, Some May Need to Rethink Early Retirement from Austin Frakt
Retirement Planning Articles
- Rethinking Retirement for Longer Lives with Fewer Safety Nets from Kerry Hannon
- Weathering a Low-Growth Investment Outlook from Joseph Davis and Maria Bruno
- Using Reverse Mortgages In A Responsible Retirement Income Plan from Wade Pfau
- Delayed Gratification and Enough from Harry Sit
- Do Households Have a Good Sense of Their Retirement Preparedness? (pdf) from Alicia Munnell, Wenliang Houand, and Geoffrey Sanzenbacher
Other Money-Related Articles
- Student Loans: What You Need to Know Before Signing from James Sullivan and Melissa Towell
- Dealing with Tax Carryovers When a Spouse Dies from Alistair Nevius
Thanks for reading!