Chartered Retirement Planning Counselor (CRPC) Practice Exam 2026 - Free CRPC Practice Questions and Study Guide

When a client is contemplating early retirement while their spouse is approaching Medicare eligibility, a significant concern is how such a decision will impact the spouse and family. Specifically, this concern revolves around health insurance coverage, since retiring before the age of 65 typically means losing employer-sponsored health benefits. The spouse may be left without adequate health coverage until they become eligible for Medicare, posing financial risks and potential healthcare access issues.

Additionally, the financial implications of covering healthcare costs out-of-pocket or acquiring interim health insurance can be daunting. Understanding how health insurance coverage gaps will affect the family’s overall financial and healthcare situation is critical in making an informed retirement decision.

While total income during retirement, investment risks, and employment opportunities are important aspects to consider in the broader scope of retirement planning, they do not address the immediate concern of health coverage for the spouse approaching Medicare eligibility. This makes the consideration of family impact the primary focus in this scenario.