Affordable Care Act
Whether you call it the ACA or Obamacare, it's definitely a hot topic right now. And don't even get consumers started about the website.
But even with all of the headaches, for seniors who need to retire before 65 it's been a lifesaver -- literally, Gianola says.
Here's why: Retirees can't buy into Medicare until age 65. And current or prior health problems make it too expensive, or downright impossible, for older workers to buy individual health coverage, Gianola says.
That leaves early retirees with two options: They can use COBRA to stay on their company plan -- expensive and temporary (18 months maximum), she says. Or they can just keep working.
Now, with ACA, seniors who want or need to retire before 65, can find their own coverage -- and they can't be excluded or charged more for pre-existing conditions, Gianola says. "For this group of people, this is something we're thankful for."