Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Retired from self-employment, need insurance
Old 12-22-2009, 07:27 PM   #1
Confused about dryer sheets
 
Join Date: Dec 2009
Location: Temecula
Posts: 1
Retired from self-employment, need insurance

Who planned to retire too early to get Medicare? We never through about it in our 50's. One day we had a business to foot the bill for health insurance, the next it was gone. We need to find a group to join until I turn 65. So far we are keeping our corporation alive with the IRS just so we can still get insurance. Not only is this chancy, but it is expensive.
__________________

__________________
rockydeluz is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 12-22-2009, 07:33 PM   #2
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
REWahoo's Avatar
 
Join Date: Jun 2002
Location: Texas Hill Country
Posts: 42,156
Welcome to the forum.
Quote:
Originally Posted by rockydeluz View Post
Who planned to retire too early to get Medicare?
Although it can be problematic, a lot of us did.

Have you read through our FAQ section? (FAQ archive) Buying Private Health Insurance
__________________

__________________
Numbers is hard

When I hit 70, it hit back

Retired in 2005 at age 58, no pension
REWahoo is offline   Reply With Quote
Old 12-23-2009, 12:13 PM   #3
Thinks s/he gets paid by the post
Milton's Avatar
 
Join Date: Apr 2007
Posts: 2,079
Not an issue in most countries.

I wonder if the statistics for developed nations would show that early retirement is less common in the USA? If so, I would imagine that health insurance is a major cause, although there are of course other factors to consider such as availability of pensions and various social pressures.
__________________
"To know what you prefer, instead of humbly saying Amen to what the world tells you you ought to prefer, is to have kept your soul alive". Robert Louis Stevenson, An Inland Voyage (1878)
Milton is offline   Reply With Quote
Old 12-25-2009, 02:21 PM   #4
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Ed_The_Gypsy's Avatar
 
Join Date: Dec 2004
Location: the City of Subdued Excitement
Posts: 5,293
You could maintain a small business with no activity to speak of but still qualify for group health insurance. I have heard of this being done (perhaps on this very board). I have considered it myself. Who knows?
__________________
my bumpersticker:
"I am not in a hurry.
I am retired.
And I don't care how big your truck is."
Ed_The_Gypsy is offline   Reply With Quote
Old 12-25-2009, 08:57 PM   #5
Recycles dryer sheets
 
Join Date: Mar 2009
Posts: 430
You could maintain a small business with no activity to speak of but still qualify for group health insurance
I tried that for many years while I was in business and I could never make it work. That was 13 years ago. I decided to find a job that had group insurance. That is where I am now. 2.5 years until Medicare and then I hang it up. Good luck on finding group insurance without going to work with a company that has group. oldtrig
__________________
oldtrig is offline   Reply With Quote
Old 12-26-2009, 05:37 PM   #6
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Ed_The_Gypsy's Avatar
 
Join Date: Dec 2004
Location: the City of Subdued Excitement
Posts: 5,293
Thanks, oldtrig. It is always best to talk to somebody who has been there, done that.
__________________

__________________
my bumpersticker:
"I am not in a hurry.
I am retired.
And I don't care how big your truck is."
Ed_The_Gypsy is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Self employment after ER? David1961 Life after FIRE 53 06-12-2009 09:44 AM
change of employment crazylegs Hi, I am... 4 05-18-2009 07:14 PM
Self Employment ndfmnlf FIRE and Money 16 07-29-2007 02:14 PM
Difference in insurance being retired v.s. self employed dcxl28 Health and Early Retirement 7 06-03-2007 02:09 AM
Retired, 55yo and reduced house insurance MJ FIRE and Money 0 08-25-2005 01:16 PM

 

 
All times are GMT -6. The time now is 03:00 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.