Retiring early? Know your health care choices

Life doesn’t always go as planned. For example, you might think you’ll retire at 65 or later, when you’ll be eligible for Medicare. But if you retire before then, how will you pay for your health care?

If your former employer offers continuing health coverage, this might be your best option.

Or it might be possible to get on your spouse’s health insurance plan. If the employer subsidizes premiums for spouses, this could be a relatively affordable choice.

You could also consider COBRA coverage, which allows you to maintain your existing health insurance. However, this coverage generally lasts only 18 months and can be expensive.

And you may want to look into the Affordable Care Act Marketplace, which offers a variety of health insurance plans. You can learn more by going to

Review your options carefully, taking into account differences in coverage and cost. You also might want to consider a plan that allows you to contribute to a Health Savings Account, which offers tax benefits.

As you know, health care is expensive – so you’ll want the right protection in place.

This content was provided by Edward Jones for use by Daniel Pellerin, your Edward Jones financial advisor at 189 East Main Street Suite G, in Newport, (802) 334-6261.

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