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If you’re considering early retirement, have the information you need to bridge the gap to Medicare. Since Medicare isn’t available until you are 65, you’ll need to find another way to cover medical, hospitalization, and prescription drug costs until you become Medicare-eligible. Finding the best coverage option that’s affordable is no small matter: Health insurance premiums and medical expenses can make up a considerable chunk of your post-retirement budget.

Key Takeaways

  • Medicare isn’t available until you are age 65. If you are retiring early, you will need to explore insurance options to cover medical, hospitalization, and prescription drug costs.
  • Proactive health insurance planning is necessary to keep your healthcare costs as low as possible while getting the optimum plan coverage.
  • The best early retirement health insurance option for you will depend on factors such as how early you retire and your health history, current healthcare needs, and retirement budget.