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Early Retirees

Consumer-driven options the plans of choice for young retirees

RETIRING EARLY CAN be a rude awakening when it comes to finding health insurance," says Renee Guariglia, executive vice president of Falcone Associates, an independent insurance broker in Syracuse, N.Y. "Most early retirees do not think past the 18 months of COBRA [Consolidated Omnibus Budget Reconciliation Act], for which they are eligible."

Guariglia says that some of the options for young retirees include pushing retirement to 63-and-a-half years and relying on COBRA for 18 months until the retiree is eligible for Medicare at 65, or an employer might offer limited coverage and underwriting.

"This may make some retirees think ...

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