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We are a couple who retired early (early 60s) and like many are facing a big jump in our Healthcare costs (California residents). Has anyone here looked at alternatives to the marketplace, such as insurance brokers, for Healthcare? Any recommendation or insight would be welcome. Also, I searched the articles and couldn’t find anything about this. Thank you.
I would be very careful about choosing a health plan that is not on the ACA marketplace. You could be charged with a huge bill because they don’t follow the rules of the ACA. Here is an article I wrote. https://www.financialfreedomforwomen.org/healthcare/retiring-before-65-how-to-avoid-health-insurance-nightmares
Thank you for the article. It was really about Non-ACA insurers I was wondering about and your article confirms the risks that I was concerned about.
If you retired early and have a significant balance in your brokerage account, own your home outright, and are frugal you may be able to minimize your income and receive a significant subsidy if the proposed cuts in the enhanced subsidies are rescinded.
We never paid more than $35/month for a bronze, high deductible plan. In the five years before we turned 65 we only had one significant expense which was a 5K ER visit which was cover with our HSA.
Thanks for your reply. Our Silver Plan is fairly reasonable (not $35), but if the subsidies are not put back in place we will be facing a huge increase.