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Healthcare Before Medicare: Bridging the Coverage Gap
You probably plan to rely upon Medicare for health insurance in retirement, but you can't actually sign up for the program until you're 65. If you retire before then, you'll need to find another way to cover your healthcare costs in the meantime.Taking a chance that you won't need health insurance during that period isn't a good idea. If you get ill or have an accident, you could wind up owing tens or hundreds of thousands of dollars -- enough to wipe out a large chunk of your retirement savings. Instead, consider the following options.Image source: Getty Images.Continue reading
You probably plan to rely upon Medicare for health insurance in retirement, but you can't actually sign up for the program until you're 65. If you retire before then, you'll need to find another way to cover your healthcare costs in the meantime.
Taking a chance that you won't need health insurance during that period isn't a good idea. If you get ill or have an accident, you could wind up owing tens or hundreds of thousands of dollars -- enough to wipe out a large chunk of your retirement savings. Instead, consider the following options.
Image source: Getty Images.
