How Important Is Medicare Eligibility in the Timing of Retirement?

TitleHow Important Is Medicare Eligibility in the Timing of Retirement?
Publication TypeReport
Year of Publication2013
AuthorsCoe, N, Khan, MR, Rutledge, MS
InstitutionBoston, Center for Retirement Research at Boston College
KeywordsMedicare/Medicaid/Health Insurance, Public Policy, Retirement Planning and Satisfaction, Social Security
Abstract

Eligibility for Medicare at age 65 is widely viewed as an important factor in retirement decisions. However, it has been difficult to quantify the influence of Medicare because eligibility for Medicare came at the same age as Social Security s Full Retirement Age (FRA). The recent rise in the FRA, along with other changes, has decoupled the age-related incentives in the two programs, making it easier to estimate the effect of Medicare eligibility on the timing of retirement. This brief, based on a recent study, provides such estimates of the importance of Medicare on retirement decisions.

Endnote Keywords

Medicare/retirement planning/social Security/Public Policy

Endnote ID

69314

Citation Key5953