Early Retirees - Flex Benefits

If you have retired early, your finances can be a nuanced picture of lifetime savings coupled with ongoing expenses, especially medical bills as you wait for Medicare eligibility.

• Many individuals in this age group have some accumulated retirement savings.
• You may own your home outright.
• You may have chosen to cash in on Social Security benefits at age 62, resulting in a lower income stream than if you waited to age 65 or 70.
• You may receive some income working part-time, or as an independent consultant.

However, there can be shortfalls.

• You’ve had to retire early to care for grandchildren, parents, or other dependents.
• Not everyone has saved enough for a comfortable retirement, especially if retiring early.
• You may carry debt from mortgages or medical bills, which can strain your finances.
• The cost of living, including housing, food, and healthcare, continues to rise due to inflation.

A Flex Benefits accident plan can help cover expenses that could occur during a pickleball game, hiking or when you need a doctor’s office visit, Urgent Care or the emergency room. When there is an out-of-pocket responsibility for healthcare, supplemental benefits can offer:

• Accident insurance to help with your medical deductible responsibility.
• Optional Physician and urgent care benefits that can be used anywhere with no restrictions.
• Critical illness insurance helps with out-of-pocket medical costs for an unexpected diagnosis, as well as for travel costs related to family caring for you.

Shop plans designed for Retirees like you