Early Retirees, Manage Income to Snare a Health Insurance Subsidy

Taking early retirement? Here's how to lower health insurance premiums until you're eligible for Medicare.

(Image credit: mrsmuckers)

If you retire early and have to buy health insurance on your own, those premiums are likely to be some of your largest expenses until you turn 65 and can enroll in Medicare. Early retirees have it particularly hard because health insurance for people in their fifties and early sixties can cost up to three times as much as coverage for younger people.

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Kimberly Lankford
Contributing Editor, Kiplinger's Personal Finance

As the "Ask Kim" columnist for Kiplinger's Personal Finance, Lankford receives hundreds of personal finance questions from readers every month. She is the author of Rescue Your Financial Life (McGraw-Hill, 2003), The Insurance Maze: How You Can Save Money on Insurance -- and Still Get the Coverage You Need (Kaplan, 2006), Kiplinger's Ask Kim for Money Smart Solutions (Kaplan, 2007) and The Kiplinger/BBB Personal Finance Guide for Military Families. She is frequently featured as a financial expert on television and radio, including NBC's Today Show, CNN, CNBC and National Public Radio.