Health insurance for traveling early retirees

22 Nov 2022 • 53 min • EN
53 min
00:00
53:49
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#93: Early retirees often fill their early years in retirement with lots of travel. There is even a vibrant community of nomadic early retirees who travel long-term. But what do you do about health insurance, especially if you’re American? Unlike in most other industrialized countries that have universal health insurance, American health insurance is generally tied to your employer, at least before you’re old enough to qualify for Medicare. That means if you don’t have a job, you generally don’t have health insurance. For early retirees, that’s a problem. What are the health insurance options for early retirees, especially those who plan to travel significantly in retirement? This week, I chat about early retirement health insurance options with Tracy Winters, Director of Individual Insurance at Good Neighbor Insurance, an Arizona-based health insurance brokerage that specializes in health insurance consulting for long-term travelers, expats, and traveling early retirees. We discuss:The big picture for how traveling early retirees should think about their health insurance optionsWhen it makes sense to simply self-insureTracy’s observations on which countries offer both high-quality and affordable healthcareTracy’s health insurance recommendations for early retirees who wish to travel abroad 100% vs. 90% vs. 50% vs. 25% of the timeACA marketplace health insurance options to consider for early retireesHow Medicare coverage is impacted when you travel long-termWhen it’s worth repatriating to the US vs. staying in-country to get medical care, plus what kind of insurance plans provide repatriation services Check it out here: https://hackyourwealth.com/health-insurance-retirement-travel If you’re early retired, what do you do for health insurance? How do you handle health insurance when traveling as an early retiree? If you’re planning to early retire in the future, how important is health insurance coverage to your decision of timing when to early retiree? Let me know by leaving a comment. Don"t miss an episode, hit that subscribe button... If you liked this episode, be sure to subscribe so you don’t miss any upcoming episodes!Apple PodcastsOvercastSpotifyStitcher I need your help, please leave a listener review :) If you liked this episode, would you please leave a quick review on Apple Podcasts? It’d mean the world to me and your review also helps others find my podcast, too! Related links:About Tracy WintersSchedule a private 1:1 consultation with meHYW private Facebook community Intro/Outro: Old Bossa by Twin Musicom.

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