Retire Early With Affordable Health Insurance - Is It Possible?
coverage, but cost substantially more - and can opt instead to offer only packaged care. If this isn't what you want, nab COBRA coverage before 2001.
HIPAA doesn't always mean immediate coverage - Under HIPAA, insurers can delay covering your preexisting condition for up to one year; they just cannot deny coverage for this condition forever.
For HIPAA protection, be careful with coverage choices - You are protected by HIPAA only when you jump from group coverage, not when you leave a self-purchased policy. If you find a great deal on coverage outside of your pre-retirement policy, keep in mind that you aren't protected by HIPAA if you decide to change policies again before you're eligible for Medicare.
ARE There Other Options?
Yes, there are other ways to keep down health care costs in early retirement. Again, they may not be what you dreamed, but they exist, and I'll review them in my next article.
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