...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 twice about leaving their jobs early," she says.

The typical worker expects to retire at age 65, but a recent Employee Benefit Research Institute survey indicates that the typical retiree actually stops working at age 62, with just over half of those surveyed retiring sooner than they had planned.

COBRA is generally more expensive than other health insurance because employees bear the full premium cost plus an administrative fee. On the positive side, COBRA is a group plan so pre-existing medical...

NOTE: All illustrations and photos have been removed from this article.



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