As the health care law is now written, those who take early retirement would get a significant break on health insurance premiums. That’s because part or all of their Social Security benefits would not count as income in figuring out whether they can get federal subsidies to help pay for coverage until they become eligible for Medicare at 65.

“There is an equity issue here,” said Robert Laszewski, a former health insurance executive turned policy consultant. “If you get a job for 40 hours a week, you’re going to pay more for your health insurance than if you don’t get a job.”

The Obama administration says it is working on the problem…

McMahon doubted that what amounts to a hefty health care discount would start a stampede toward early retirement at a time when many experts are urging older Americans to stay on the job longer. Only a “limited number of individuals” would decide they’re better off not working, she said.