Congratulations! You’ve decided to retire, and now it's time to sit back and enjoy it. To get the most out of retirement, it’s important to stay on top of your healthcare planning so you can maximize your health insurance coverage and reduce avoidable expenses. Here are a few things to think about as you leave active employment.
Pre-65 Retirement
If you were covered by an employer’s health insurance plan and are not yet eligible for Medicare, you will be given the option of signing up for COBRA when you leave active employment. Some companies offer pre-65 retiree benefits. These are often the same benefits you had as an employee and allow you to cover your dependents — but the rates are often different. Choosing a Marketplace plan is also an option for coverage. The Marketplace is a great one-stop-shop to compare qualified Affordable Care Act-compliant health plans side by side. Turning 65
Your 65th birthday is a special milestone for many reasons. One of them is that 65 is when you qualify for the many parts of Medicare health coverage. If you are still working full time and you have a qualified health plan through your employer, you can delay your Medicare enrollment. A Caribou HealthPlanning Analysis can help you and your family ensure everyone is covered and that you’ve maximized your options to enjoy a long and full retirement.
Learn More:
When does Medicare coverage start? | Medicare.gov
Top 5 things you need to know about Medicare Enrollment | CMS.gov
Last Revised August 2nd, 2022
