How to move from employer-sponsored health coverage to Medicare or other coverage at retirement.
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“Never let your health insurance lapse — plan the transition carefully.”
A coverage gap at retirement can be expensive and risky.
This lesson covers how to move from employer-sponsored health coverage to Medicare or other coverage at retirement.
Scenario: Angela plans her health insurance transition from her employer plan to Medicare.
Outcome: She experiences no coverage gaps or unexpected costs.
Lesson learned: Advanced planning prevents coverage gaps.
Not planning your health coverage transition before retirement.
Why this happens: You may end up without coverage or coverage gaps.
Better approach: Plan your health coverage transition at least six months before retirement.
When should you begin planning your health insurance transition?
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