Retirement might not be an affordable option
The House Republican bill to replace the Affordable Care Act (ACA) would allow insurers to charge older workers health insurance premiums five times as much as younger ones and give states the option to set their ratio, according to published reports.
Under the ACA, also known as Obamacare, plans can charge their oldest customers only three times the prices charged to the youngest ones.
Given that possible change, experts say pre-Medicare workers are likely to stay in their jobs longer to keep their employer-sponsored health insurance, even though they may be ready to retire in other ways— financially and emotionally, for instance — to retire.
“It seems entirely plausible that the new rules would discourage older workers from retiring or going out on their own to start a new business — if it means giving up employer-sponsored health coverage,” said Tricia Neuman, a senior vice president and director of the program on Medicare policy at Kaiser Family Foundation.