Most people who plan to keep working beyond age 65 and will continue to have
employer-sponsored coverage are not required to enroll in Original Medicare Parts A and B when they turn 65. Check with your benefits administrator to see if your employer requires you to enroll in Medicare Part A or Part B.
If you’re ready for retirement, you will be eligible for Original Medicare (Parts A and B) and other Medicare plans when you turn 65. If you don’t have employer-sponsored coverage, you should consider
enrolling during your Initial Enrollment Period.
You can enroll any time within the three months before your 65th birthday month, the month of your
birthday and three months after.
Health care needs can change from year to year. Be sure to review your needs (upcoming surgeries, current prescription drugs, new wellness goals) so you can ﬁnd a plan to best meet them. You can change your plan once a year during the Open Enrollment Period (OEP). The OEP is a seven-week period from Oct 15 through Dec 7.
Are you retiring when you turn 65.....
Or will you decide to stay in the workforce? Either way, you may be eligible for Medicare?
WORKING BEYOND 65
Choices when working past 65
If you choose to work past age 65, you have choices when it comes to Medicare . Many
people choose to enroll in only Medicare Part A (hospital coverage) because there’s no
monthly premium . They may delay enrolling in Part B (medical expenses) until they
lose their employer-sponsored coverage, because Part B has a monthly premium based
on income . You can choose to enroll in both Parts A and B, but check with your benefits
administrator and review your budget to understand how it would work with the coverage
you have today .
Beginning with the basic coverage
Many people who choose to work past age 65 enroll only in Part A because there is no monthly premium. Some choose to enroll in both Parts A and B together (Original Medicare). However, Part B comes with a monthly premium based on your income, so many do not enroll in Part B until they lose or choose to drop employer-sponsored coverage.
What if you HAVE an individual health plan?
If you don’t have employer-sponsored health insurance and instead pay independently
for your health plan, you could save money if you enroll in Original Medicare and
switch from your individual plan to a Medicare health plan . Find out what’s available
in your area.
Compare coverage--Save money
• If you have health insurance through your employer, a Medicare plan could work with your employer-sponsored coverage. Check with your beneﬁts administrator and independent agent to see if it makes sense for you to sign up for Original Medicare (Parts A and B) in addition to the coverage you get today
RETIRING AT 65?
If you continue working:
If you are retiring:
• If you don’t have retiree coverage available, sign up for Original Medicare (Parts A and B) and review the Medicare plans in your area
• If your spouse or dependents need coverage, they could be eligible for COBRA
• Check with your beneﬁts administrator before you retire to ﬁ nd out how to sign up for COBRA