Most American educators are covered by health insurance offered through their districts, so retirement often disrupts coverage. If you're thinking of retiring early – before you reach age 65 and are eligible for Medicare – you should check with your district and/or CalSTRS or CalPERS to find out what health insurance coverage, if any, is available to you.
It pays to explore your health coverage options fully before exiting the workaday world. Perhaps your best bet, if you plan to retire early, is to tuck away enough in your 403(b) or 457 plan to pay for private health insurance until you are eligible for Medicare.
* Source: Center for Retirement Research at Boston College.
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