What about HEALTH INSURANCE? Retiring Young [Enough is Enough]

Part of “Enough is Enough” (EIE) is knowing how much money you need to retire and/or live the life you want. When will you have “enough” money to break from working? In the U.S., a big part of that “enough” number is the cost of health care and insurance. Can it be done without Medicare, Social Security, or huge premiums? This may be the #1 question people ask on our channel.

Today, we continue our “Defining your Enough” section of EIE with Clark’s ideas on health insurance in the U.S. and how the Affordable Care Act (aka Obamacare or Healthcare.gov) works for those retiring before 65, and might not yet qualify for Social Security or Medicare.

Healthcare in the U.S. vs. other countries: [01:00]
Clark’s thoughts about the system: [02:23]
Who qualifies for the Affordable Healthcare Act: [04:26]
How your income effects your health insurance costs: [05:06]
Our policy and what we pay: [06:08]
What is the poverty line? [06:56]
What is “taxable income”?: [07:58]
If I retire young, will my healthcare costs be the same? [09:12]
Why retiring early can actually mean lower healthcare costs [09:48]
Other ways around health insurance, getting prescriptions, etc. [11:08]
Should healthcare prevent you from retiring early? [17:17]
Like these videos? Do us a favor: [18:34]

(Disclaimer: The rules keep changing on this and this is the part of our series I know the least about. I included my thoughts and findings on the subject because I’ve gotten so many requests.)

Please comment with any questions, issues, or advice you have for us and our viewers. We will continue releasing videos in this financial series throughout the year. Stay tuned!

JOIN THE “ENOUGH IS ENOUGH” COMMUNITY:

If you are interested in organizing or joining an “Enough is Enough” group in your area, please fill out this form so we can keep you notified: https://mailchi.mp/88b62fad4f48/enoughcommunity

Many people have already signed up, and we are keeping a map and updating it regularly (with first names and cities only), here. Fill out the survey above to be added to the map: https://drive.google.com/open?id=1XOW0pPbNIUgdHTyK9jH3zd8hSiHTgDH8&usp=sharing

WATCH MORE:

Watch the video that started it all: https://youtu.be/9XK5ocXPhTg

Watch all the “Enough is Enough” videos: https://www.youtube.com/watch?v=9XK5ocXP hTg&list=PLsT7_jPsZM5qJLYMI4fKYgZDJ2Huq8e90

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