smart spending

7 money-related things to give thanks for

Affordable Care Act
Affordable Care Act © zimmytws/Shutterstock.com

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."

advertisement

Show Bankrate's community sharing policy
          Connect with us
MORTGAGE HOME EQUITY AUTO CDs CREDIT CARDS
Product Rate Change Last week
30 year fixed 4.07%  0.21 4.28%
15 year fixed 3.18%  0.08 3.26%
5/1 ARM 3.36%  0.07 3.43%
 
View Rates in your area Next
Product Rate Change Last week
30K FICO-based HELOC 4.36% --0.00 4.36%
50K FICO-based HELOC 4.06% --0.00 4.06%
100K FICO-based HELOC 3.91% --0.00 3.91%
 
View Rates in your area Next
Product Rate Change Last week
60 month used car loan 2.79% --0.00 2.79%
48 month used car loan 2.98% --0.00 2.98%
60 month new car loan 3.23% --0.00 3.23%
 
View Rates in your area Next
Product Rate Change Last week
1 Year CD 0.94%  0.01 0.93%
2 Year CD 1.13% --0.00 1.13%
5 Year CD 1.76%  0.00 1.76%
 
View Rates in your area Next
Product Rate Change Last week
Balance Transfer Cards 15.77%  0.06 15.71%
Cash Back Cards 16.48%  0.07 16.41%
Low Interest Cards 10.96%  0.10 10.86%
 
Next
advertisement
FRUGAL NEWSLETTER

Discover new ways to cut costs and save more every day. Reduce your spending, not life’s pleasures. Delivered weekly.

advertisement
Partner Center
advertisement

Connect with us