Antwone Harris, MBA, CFP®’s Post

Did you know your health insurance premiums in retirement are based on your income, not your wealth? In this clip, I share how strategic planning can help retirees—no matter their net worth—qualify for programs like the Affordable Care Act. #AskPlatinum #RetirementPlanning #HealthCareStrategy

Assessing Health Insurance Options For Early Retirees: How financial advisors can help clients evaluate the health insurance options available in early retirement, from staying on their previous employer's plan through COBRA to obtaining a (potentially subsidized) plan on their state health insurance exchange. (Gail MarksJarvis | The Wall Street Journal) More articles on healthcare planning in retirement this weekend reading: https://bit.ly/4bdw37I #advicers

When you’re making your retirement budget, be aware that your province’s health insurance plan won’t cover all your health-care costs. Let's plan how you’ll pay for what’s not covered.

When you’re making your retirement budget, be aware that your province’s health insurance plan won’t cover all your health-care costs. Let's plan how you’ll pay for what’s not covered.

When you’re making your retirement budget, be aware that your province’s health insurance plan won’t cover all your health-care costs. Let's plan how you’ll pay for what’s not covered.

When you’re making your retirement budget, be aware that your province’s health insurance plan won’t cover all your health-care costs. Let's plan how you’ll pay for what’s not covered.

When you’re making your retirement budget, be aware that your province’s health insurance plan won’t cover all your health-care costs. Let's plan how you’ll pay for what’s not covered.

When you’re making your retirement budget, be aware that your province’s health insurance plan won’t cover all your health-care costs. Let's plan how you’ll pay for what’s not covered.

🌟 Planning for Retirement in Germany? 🌟 Did you know that health insurance premiums will rise significantly after retirement? 📈 It's crucial to plan ahead to ensure you can afford your health insurance in your golden years. Here are some tips to help you navigate this: 1. Basic Tariff Option: Every private health insurance provider must offer a "basic tariff" that provides the same services as public health insurance. This is a great fallback if you find private insurance too costly. 2. Switch Plans: Consider changing your private health insurance plan after retirement to reduce costs. This can make a big difference in your monthly premiums. 3. Increase Deductible: Another way to lower your premiums is by increasing your deductible. This means you'll pay more out-of-pocket for medical expenses, but your monthly costs will be lower. 4. Save Early: Start saving a cushion while you're young and working. This fund can help cover your insurance premiums when you're retired. Remember, even if the worst happens, there are still ways to get affordable health insurance. Planning ahead can save you a lot of stress and money in the future! 💡💰 #RetirementPlanning #HealthInsurance #ExpatsInGermany #FinancialPlanning #GermanPedia

One of the Biggest Hurdles to Early Retirement: Health Insurance Retiring before age 65 comes with a significant challenge—losing your employer-sponsored health insurance. You’ll need to cover the full cost of health insurance until you qualify for Medicare at 65, and that can be a substantial expense. If early retirement is on your horizon, make sure these costs are part of your financial plan. Planning ahead can make all the difference. If you need guidance on how to navigate this, reach out—I’m here to help!