Couples who choose to retire early at 62 rather than waiting until 65 may hope to enjoy a few extra years out of the workforce, but the reality is they could also face more than $50,000 in additional medicals bills, according to a report by Fidelity Investments.

That’s because they will have to pay health insurance premiums and out-of-pocket costs for the three years before they become eligible for Medicare, which Fidelity estimates would cost about $17,000 a year.

Complete your profile to continue reading and get FREE access to, part of your ALM digital membership.

Your access to unlimited content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and events.
  • Access to other award-winning ALM websites including and

Already have an account?



Join BenefitsPRO

Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join now!

  • Unlimited access to - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including and
  • Exclusive discounts on and ALM events.

Already have an account? Sign In Now
Join BenefitsPRO

Copyright © 2023 ALM Global, LLC. All Rights Reserved.