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Originally Posted by Francie
I too would like to retire. The financial piece I can handle, but it is the Health Insurance that is a challenge because I am only 58 and not eligible for medicare. What have the rest of you done to get health insurance coverage that retired early? I'm so anxious to move to TV, this is all that is holding me back.
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Our health insurance is through my husband's Ford retirement. But before we were married I had an individual policy that I paid for myself.
One suggestion is that you might do some serious shopping around to find out what a suitable individually purchased health insurance policy would cost until you reach Medicare age, and then figure out what you could do to produce just that much additional income, if other than that you would be able to retire, financially speaking. In other words, if an individual health insurance policy would cost $800 per month, for example, you have to weigh whether you are really going to continue working fulltime, and give up years of retirement, just to keep that $800 per month benefit that is being provided by your employer; or look at, instead, other part-time options, such as a parttime job, or a homebased business, where you could create the income to just pay for that coverage, so that you can go ahead and retire.