Quote:
Originally Posted by Danno
I turn 59 this year so am considering all the factors to help decide when best to apply for SS benefits. For those of you that retired before being eligible for Medicaid/Medicare, what are you doing for affordable health insurance? That's the piece of the puzzle that would keep me from going earlier than 65.
Interesting thread.
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The word "affordable" is the key. Depending on what type of coverage you want and things like deductibles there are a myriad of choices. The sad facts are that the more affordable the premiums the more your "out of pocket" could be enormous. One of the reasons I waited until 66 was this very thing.
If you are of lower income, there is assistance but sadly, Medicare doesn't become available until you turn 65. Medical Insurance can be a huge factor in determining when a person is able to retire.