Entrepreneurship takes a big jump at age 65. Guess Why?

[PrMaine]

24. Getting Insurance

My job was in California but that's an expensive place to live without good income. But one thing that made it prohibitive to live there was that health insurance would have been more than my $1800 a month mortgage.

In Maine I was able to get a high deductible policy for just a couple hundred dollars a month - it basically served to limit my liability for medical care. Fortunately, I never had to test it but it was supposed to pay for everything beyond $10,000 a year for me and beyond another $10,000 a year for my wife. That was a calender year so I suppose an accident late in the year could have cost me $40,000.

I'm on Medicare now so I've stopped worrying about it. As you say, this talk about raising the retirement age always seems to assume that there are lots of good jobs for people in their 50's and 60's and that just isn't the case.