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Presilium Private Wealth
Retirement & Income Planning

Practical Cents #4: Health Considerations Before You Retire

Many pre-retirees assume they must wait until age 65 for Medicare before they can retire, even when they would prefer to stop working sooner. This video discusses how healthcare coverage fits into a retirement plan and how partnering with a healthcare consulting resource can help identify options before Medicare eligibility, so retirement timing is a choice rather than a default.

Many pre-retirees assume they must wait until age 65 for Medicare before they can retire, even when they would prefer to stop working sooner. This video discusses how healthcare coverage fits into a retirement plan and how partnering with a healthcare consulting resource can help identify options before Medicare eligibility, so retirement timing is a choice rather than a default.

Key takeaways

  • Many pre-retirees assume they cannot retire before age 65 because of concerns about health insurance.
  • Healthcare coverage is a major consideration in deciding when to retire, alongside the rest of a financial plan.
  • Partnering with a healthcare consulting resource can help identify coverage options for retirees who aren't yet Medicare-eligible.
  • Reviewing healthcare options as part of a broader financial plan can help clarify whether retiring earlier is realistic.

Hello everyone and thank you for joining me. One of the biggest considerations when deciding to retire is healthcare. The employer-provided coverage is a huge benefit of working for an employer and becomes a major question mark without one. In fact, when meeting with a pre-retiree for the first time, we often hear something to the extent of, "I'd like to start sooner, but I won't be able to retire until 65 because I'm worried about health insurance."

But is that truly when you want to retire? Or just the age you think you can? What if there was another option? What if the gap in coverage could be solved? What if finding the solution meant you could retire sooner and begin living the life you've worked so hard to enjoy?

All questions we tried to solve with and for our clients, which is why we partnered with Move Health, an expert in the healthcare consulting field for pre-retirees and retirees. By partnering with Move Health, we're now able to help clients find confidence in a solution that lets them retire at a time they want to start rather than an age they think they have to wait until.

Move Health begins every client relationship as a consultative journey, helping to determine options that meet their personal healthcare requirements, qualifications based on their healthcare history, and eligibility based on their income needs. And as the adviser, we're at the intersection of it all, helping you to determine how this fits into your personal financial plan and how to make an early retirement work.

So, if healthcare is either scaring you or stopping you from retiring sooner, let's get together to review how we can help make it happen that much sooner. Thanks for watching and until next time.

Written by

Cullen Martin

Financial Planner · CFP®

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