Retiring Early and Keeping Your Family Covered with Health Insurance

Are you considering early retirement to spend more time with your young children? If so, you may be wondering how to ensure your family has health insurance coverage during this transition. The Affordable Care Act (ACA) offers options for individuals and families who do not have access to employer-sponsored health insurance.

Understanding ACA Eligibility

To qualify for subsidies under the ACA, your household income must be between 100% and 400% of the federal poverty level. For a family of four in 2024, that means an income range of $29,277 to $117,120. Investment income, including capital gains, is counted towards your income when determining your eligibility.

ACA Health Insurance Options

If you qualify for ACA subsidies, you can purchase health insurance through the Health Insurance Marketplace. You will be eligible for a tax credit that can significantly reduce your monthly premiums. The amount of subsidy you receive is based on your income and family size.

Non-ACA Options

If you do not qualify for ACA subsidies, you can still purchase health insurance outside of the Marketplace. Non-ACA health insurance plans are not eligible for subsidies, but they may offer a lower monthly premium if you are healthy and do not require extensive medical care.

Factors to Consider

Before making a decision about your health insurance coverage, there are several factors to consider:

Your family’s health needs: Consider your family’s current and potential health care expenses. If you have young children, you may want a plan that covers regular checkups and preventive care.
Your income: Your income will determine your eligibility for ACA subsidies and the cost of non-ACA plans.
Your investment portfolio: If you have investment income, it will be counted towards your income when determining your eligibility for ACA subsidies.

Seeking Professional Help

If you are considering early retirement and need health insurance coverage, it is essential to seek professional help from a licensed agent. They can assess your specific situation and recommend the best options for you and your family.


Starting a career in your mid-thirties can be challenging.
Taking a break from work can impact your savings and retirement goals.
It is important to carefully consider your options before making a decision about early retirement.

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