6 signs that you are ready to retire early

Retirement » 6 Signs That You Are Ready To Retire Early

No. 3: You have reliable health insurance coverage
No. 3: You have reliable health insurance coverage © Alexander Raths/

Because Medicare doesn't kick in until age 65 and health insurance costs are rising faster than inflation, it's important to have a reliable, consistent source of health insurance. While health care reform will make health insurance more widely available, that coverage may get expensive. For many would-be early retirees, affordable coverage is most likely to come from a former employer.

"Having adequate health insurance and other insurance coverage including life, disability and long-term care is a factor in whether you can retire early," says Harrine Freeman, CEO of H.E. Freeman Enterprises in Bethesda, Md. A policy with low deductibles and copays that covers prescriptions, doctor visits, hospitalization, dental and vision will help keep out-of-pocket expenses as low as possible.


Show Bankrate's community sharing policy
          Connect with us

Learn the latest trends that will help grow your portfolio, plus tips on investing strategies. Delivered weekly.


Jennie Phipps

Jitter-free cash balance plans

These increasingly popular pension plans put the onus on management to save and manage the accounts.  ... Read more

Partner Center

Connect with us