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Ready For Retirement

Health Insurance Options for Early Retirement

Ready For Retirement

James Conole, CFP®

Investment Planning, Bonds, Education, Stocks, Cash, Business, Dividend Investing, Retirement Planning, Retirement, Investing, Tax Planning

5706 Ratings

🗓️ 28 May 2024

⏱️ 29 minutes

🧾️ Download transcript

Summary

We meet many people who are in a position to retire early. But when they think about healthcare in retirement and not being eligible for Medicare until age 65, they feel stuck, even though they’re ready for retirement in every other way. Cole Craven of Move Health Partners chats with James about the healthcare options that are available for early retirees and why there is no one-size-fits-all, “best” solution. He also lays out a general timeline for ensuring a smooth transition between...

Transcript

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0:00.0

Last week on the podcast, we had Drew Shockley from Move Health Partners come and tell us everything

0:04.4

that we need to know about Medicare. When do you enroll? What are your options, things that you

0:08.7

need to do to prepare for that time? Today on the podcast, we have Cole Craven, also from Move

0:12.7

Health Partners, here to tell us everything we need to know about health insurance options if we're

0:16.6

going to retire before age 65. This is another episode of Ready for Retirement.

0:23.3

I'm your host, James Knoll, and I'm here to teach you how to get the most of the

0:26.2

life with your money.

0:27.6

And now, on to the episode.

0:31.2

Cole, welcome to the show.

0:33.1

Hey, James.

0:34.0

Thanks for having us.

0:35.4

I know you talked with Drew last week and we're excited to connect

0:38.4

on pre-65 now today. Yeah, the fun stuff. So everyone knows about Medicare and there's this odd thing

0:44.0

cool. I'm sure you see this too of I can't tell you how many people will come to us. Either we'll

0:48.7

meet them in person or I'll see comments on the YouTube page or whatever it is. They've done a great

0:53.0

job planning and saving

0:54.6

and investing and they want to retire, but there's almost this mental block of I'm not 65

1:01.3

yet, therefore it must be impossible for me to retire because what on the earth am I going to do

1:05.7

for health insurance? And what I'm excited to unpack with you is, yes, there is planning that's

1:11.6

needed with that. But just because planning is involved doesn't necessarily mean it's impossible

1:15.6

to retire before 65 and would love to explore what some of those options are with you today.

1:20.7

Yeah, looking forward to it, you're not wrong. You know, a personal story on my end would be that,

...

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