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BiggerPockets Money Podcast

94: 18 Options for Healthcare in Early Retirement with Lynn Frair

BiggerPockets Money Podcast

BiggerPockets

Education, Investing, Business

4.53K Ratings

🗓️ 14 October 2019

⏱️ 72 minutes

🧾️ Download transcript

Summary

The absolute MOST FREQUENTLY ASKED question I get about Early Retirement is “What do I do about healthcare?” Without going into too much detail, we’re all aware that healthcare costs are fairly ridiculous in America. Not properly planning for healthcare can be catastrophic - one unexpected event can literally wipe you out. Lynn Frair from FIHealthcare.com joins us today to share the results of her intense research into the options available to early retirees. She has found 18 different healthcare options and shares them with us. She also has created a crowdsourcing database for other options. (If you’ve got a different way to procure healthcare, she’d love to include it in her database!) If you are on the path to financial independence, you NEED this episode.  In This Episode We Cover: How Lynn became interested in financial independence How she began investing at age 12 The process of researching healthcare options 18 different options for healthcare Healthcare prevention The difference between deductibles, co-pays, and premiums And SO much more! Links: Mr. Money Mustache Reedit Military Dollar Bloomberg HealthCare.gov FinCon BiggerPockets Money Podcast 80: Managing Money: How a Saver & a Spender Are Living Happily Ever After with Rich & Regular Rich & Regular From Childhood Poverty to Financial Freedom by Age 32 with Jillian Johnsrud Montana Money Adventures EconoMe Conference Profiles: Nurse Numbers Lynn's email FI Healthcare Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Welcome to the Bigger Pocket's Money Podcast, Show Number 94 with Lynn Frere from FI Healthcare.com.

0:07.0

So it's a different type of way to look at health care.

0:10.0

And so I don't want to make a decision for people about what they should or shouldn't do.

0:13.8

What I want is to make this information available so that they can figure this out.

0:18.0

It's time for a new American dream, one that doesn't involve working in a cubicle for 40 years, barely scraping by.

0:25.0

Whether you're looking to get your financial house in order, invest the money you already have, or

0:28.8

discover new paths for wealth creation.

0:31.4

You're in the right place. This show is for anyone who has

0:34.5

money or wants more. This is the Bigger Pocket's Money Podcast.

0:38.2

How's it going to everybody? I'm Scott Trench and I'm here with my co-host,

0:41.2

Mindy Jenson. How you doing today, Mindy?

0:43.0

Scott, I am doing fantastic. I am so excited to talk to Lynn because she is going to help us

0:49.9

understand the number one question that everybody has about financial independence and that's health care.

0:55.0

What do you do for your health care costs when your employer isn't paying?

0:59.0

Yeah, and it's a big problem and she is a big vision and this is a you know we've heard from a number of people who about what they're doing from health care

1:08.4

Like Bryce and Christie who are doing that kind of medical tourism stuff. Well this episode you can think of it as we're going to have a

1:14.8

quick intro from her story and we're going to go through a lot of different options. And to give you some

1:20.5

up front caveat, you know, a lot of this is probably you know for

1:24.9

many people you're really going to be left with basically two choices if you want to

1:28.9

stay in the United States and not pay for health care and you're retired really right and that's going to be go to

1:33.1

health care.gov and look for plans or check out these a concept called health share of

1:37.9

ministries which has some drawbacks which we'll get into in the episode. But the value I think in this

...

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