Retiring before you are eligible for Medicare? In this video, Colin Exelby, CFP® Shows you strategies for covering the healthcare gap in early retirement.
Retiring at 62 might sound exciting, but there’s one huge challenge that catches most people off guard — healthcare. You won’t qualify for Medicare until 65, and those three years in between can cost $20,000 to $30,000 per year if you’re not prepared. In this video, I break down exactly how to bridge that healthcare gap without draining your savings — from using Roth IRA and HSA withdrawals strategically, to qualifying for ACA subsidies that could reduce your premiums to nearly $0. You’ll also learn how to build a three-year healthcare bridge, use COBRA effectively, and avoid the most common mistakes that cost retirees thousands. If you’re planning to retire early, this is your roadmap to affordable healthcare before Medicare kicks in.
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00:49-The Healthcare Gap Between 62 and 65
01:43-Is Your Spouse Still Working?
02:10-Engineer a “Low-Income” Retirement (On Purpose)
06:08-Obamacare ACA Subsidy Expiration
07:40-What Does This Mean For You?
08:32-How to Build a Three-Year Healthcare Bridge
11:05-Common Mistakes to Avoid
12:06-Turning a Challenge Into an Opportunity
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[About] Colin Exelby is a Certified Financial Planner Professional™ or CFP®. He owns the virtual financial advisory practice Celestial Wealth Management.
I provide financial planning for business owners and their families that makes sense.
Transformational change is made when you focus on the big picture. My goal is to help you think outside the box about your life, your money, and your health to be the best you can possibly be.
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