Excellent discussion on health insurance in early retirement.
Health insurance is a big, incremental expense for people hoping to retire early from corporate life. Understanding our options and the costs has been an important focus for us as we’ve plotted our upcoming FIRE escape on 4/1/16.
(Please note that the following is our understanding of healthcare insurance options, and that we are not experts in this topic. Please consult an insurance agent to explore your own circumstances)
Our current MegaCorp values our health & dental benefits at $18K a year. We are fortunate enough to have quite a few choices to replace that coverage:
- COBRA – We could continue MegaCorp coverage for eighteen months with COBRA, although this was not recommended due to its relatively high cost and the need to replace it next year. You have 60 days from when you leave your job to get enrolled in COBRA coverage.
- OBAMACARE (ACA) – Everyone qualifies for coverage…
View original post 343 more words