How to Get Health Care if You Retire Early

Here, at The Motley Fool, our goal is to make the world smarter, happier, and richer. And at the very least, those last two are entirely in line with the goals of the FIRE movement -- the acronym stands for Financial Independence/Retire Early. It’s a fine idea in principle -- live somewhat frugally, work hard, save and invest intensively, and then retire decades ahead of the traditional timeline to enjoy the fruits of your labors. Even if its proponents don’t jump straight to full retirement, their goal is to put themselves in a financial position where they have sufficient resources to feel fully in control of their lives.
But even if you can set yourself up to cover your normal expenses, your health can take unpredictable turns, and insurance and medical costs in this country are still out of control -- especially if you don’t have an employer chipping in. For this episode of the Motley Fool Answers podcast, hosts Alison Southwick and Robert Brokamp have invited Jonathan Mendonsa and Brad Barrett, creators of the ChooseFI website and podcast, to explain about how the FIRE lifestyle works, and in this segment, they talk about how ultra-early retirees can cover health insurance without breaking the bank.
------------------------------------------------------------------------
Subscribe to The Motley Fool's TH-cam Channel:
/ themotleyfool
Or, follow our Google+ page:
plus.google.com/+MotleyFool/p...
Inside The Motley Fool: Check out our Culture Blog!
culture.fool.com
Join our Facebook community:
/ themotleyfool
Follow The Motley Fool on Twitter:
/ themotleyfool

[@mikehascats26]

some states ignore assets. for example, if you have $10 million is stocks but do not work, you are eligible for free medicaid. just keep your capital gains under $14,000 per year

[@mjt4651]

What states offer this ?

[@mikehascats26]

@@mjt4651 blue states like CA

[@billallen1307]

Is income gross or net? Rental income specifically.

[@ShannaTrenholm]

Geoarbitrage. Leave the country. Go where the dollar goes further. I did.

[@MotleyFool]

Ooooh, smart! Maybe we'll work it into a future episode!

[@ShannaTrenholm]

I have amazing private healthcare for a 1/5 of the premium I paid in CA--and the benefits? I feel like royalty! And, when I have full residency in a few months, I have access to the national health service. No thanks, US--keep your guns and your crappy insurance :)

[@mikehascats26]

shanna, at least you had the balls to actually leave the USA unlike your fellow america-hating liberals

[@michellexu1725]

Shanna Trenholm do you mind share which country it is?

[@ShannaTrenholm]

Portugal :)

[@engalvan]

This fire movement makes me sick and will destroy this country.

[@clicgear100]

You are joking right?

[@alphacentauri7381]

Hahaha says Rat

[@DillyPutty]

People are figuring out they don't have to spend their whole life at the grindstone. Do your time, then do what you want. Don't see a problem.

[@ehutson555]

Is somebody jealous they didn’t plan their retirement better ??

[@engalvan]

@@ehutson555 actually I’m better than expected. Douche.