Are You Working Past 65? Discover How Employer Coverage Affects Medicare Enrollment
Are you or your spouse planning to continue working past age 65 and will still be covered by an employer health plan? You might be wondering how Medicare fits into the picture, and we’re here to help you understand how to make the right decision for you and your family.
What You Need to Know:
Employer with More Than 20 Employees: If you’re working for a company with 20 or more employees, your employer’s plan is your primary coverage. You can choose to delay enrolling in Medicare Part B without penalties, but enrolling in Part A is often a good idea, as it’s typically premium-free.
Employer with Fewer Than 20 Employees: If your company has fewer than 20 employees, Medicare becomes your primary coverage, and you’ll need to enroll in both Part A and Part B when you’re first eligible.
Forms to Complete: When you decide to enroll in Medicare, there are certain forms to complete, especially if you’re delaying Part B or transitioning from an employer plan to Medicare.
Why It's Important To Review Your Options
Navigating Medicare while working can be tricky. It’s important to understand how your employer coverage works with Medicare so you don’t miss key enrollment periods or face penalties later on.
Call us at (803) 256-2067 (TTY: 711) to speak with one of our Medicare experts. We’ll help you make the best decision for your wants and needs. We have offices in Columbia, Greenville, and Myrtle Beach! We can help you in person or over the phone.
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