Your Client Is Retiring Before 65: What to Know About Marketplace Enrollment

It was reported in 2022 that fewer than 1% of Americans retire before the age of 50, but 51% of Americans retire between the ages of 60 and 65, before they are eligible for Medicare, leaving a potential gap in how they mitigate the financial risks related to healthcare costs. While a successful early retirement represents a huge victory, a major obstacle to early retirement is securing affordable and adequate health insurance, as most Americans don’t become eligible for Medicare until they turn 65.

This is where you, the financial advisor, can step in to help! Although pre-65 retirees have several options for health insurance, the most common (and oftentimes the most optimal) choice is to enroll in a Marketplace plan.

Key Learnings - By the end of this webinar, you will be able to:

• Understand the basics of Marketplace health plans.
• Clearly outline action items for your pre-65 retiree clients, such as specific enrollment timeframes.
• Understand how personal preference, risk tolerance, and other factors impact available plans and the cost of coverage.
• Prepare a list (“cheat sheet”) of commonly asked questions by clients regarding healthcare costs.

Clarice Fleming, Caribou Health Planning Coordinator, will walk you through this presentation and answer any questions you have at the end.