Turning 65 – Medicare and Employment

Plan to continue working after 65?

If you are covered on your employer’s health plan: If you plan to continue working after 65, speak with your benefits administrator at work to see how your employer’s plan works with Medicare. You may be required to enroll in Original Medicare Parts A and B when you turn 65. Many people choose to enroll only in Part A (hospital coverage) because they have no monthly premium for that coverage and delay enrollment in part B until they lose their employer’s coverage. Contact your Social Security office to find out what you need to do to make sure your enrollment decisions are followed. If you stay on your employer’s plan after 65 and that plan covers prescription drugs, keep records of your coverage. You may need proof of prescription drug coverage when you eventually enroll in Medicare to avoid penalties.

You could save money on a Medicare Advantage plan!

If you are currently on an individual health plan, you could save money if you enroll in Original Medicare and switch from your individual plan to a Medicare plan with additional coverage, like a Medicare Advantage plan.

Click here to learn about Medicare Advantage plans with high Medicare quality ratings!!

Plan to retire at 65?

You can enroll in Original Medicare and additional coverages within two months after your employer coverage ends. Apply on time to avoid a lapse in coverage. If you don’t have employer coverage, consider applying to enroll in Original Medicare and additional coverage as soon as you are eligible so your coverage is effective at the beginning of your birthday month.

Want to enroll in Medicare at 65, but not take Social Security yet?

Contact Social Security to sign up for Original Medicare and pay your Part B monthly premium directly. After you start receiving your Social Security benefits, the Part B premium will be automatically deducted from your monthly Social Security payment.

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