Turning 65 Still Working/Medicare

notz · Mar 09, 2018 at 12:16 AM

I will turn 65 in June and I have no plans to stop working any time soon. I have insurance through my employer and have received from them the verification form that my prescription coverage is deemed credible (as good as or better than Medicare). It's my understanding the form will keep me from being penalized later when I sign up for Part B Medicare once I no longer have insurance with my employer.

So, if I'm understanding everything correctly I should go ahead and sign up for Part A since it is free and not any other parts until after I'm no longer covered by my employer. Does anyone know if I'm correct? Thanks!

Deejay14 · Mar 09, 2018 at 04:14 PM

That agrees with what I was told. But honestly call social security and check. I have called them and received a call back within 20 minutes. It is much less time consuming to call them than it used to be. Do not use your local number, use the 1-800 number.

pachyderm · Mar 09, 2018 at 08:01 PM

Quote:

Originally Posted by notz

So, if I'm understanding everything correctly I should go ahead and sign up for Part A since it is free and not any other parts until after I'm no longer covered by my employer.

That's what I did. Also did not take any Social Security until i (was involuntarily) retired. Makes your monthly SS income larger that way.

Rose76 · Mar 13, 2018 at 02:08 PM

I believe you are correct, notz. Here is a link to back that up:

https://www.mymedicarematters.org/en...-i-enroll/#sep

Look up when, exactly, you do have to enroll. Then do it right on time, so you don't get those life long penalties.

jpt2018 · Mar 29, 2018 at 09:09 PM

Wow, $3,800 in unexpected medical bills is a hard pill to swallow. Going forward you may want to invest in a critical illness or accident plan. Some employers do offer these types of plans during their annual benefit enrollment periods. If not, you can always purchase an individual plan outside of your employer. However, these types of plans are design to give you cash essentially paying you for your time admitted to the hospital.
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jpt2018 · Mar 30, 2018 at 07:36 AM

Enrollment into Part A Medicare coverage upon aging to age 65 is typically automatic for those who are receiving social security income. Another element to this equation would be based on what was paid by you for Medicare taxes. It looks like you are within your 7-month initial enrollment period, so if you haven’t received any kind of notification from Social Security Services by now I would reach-out to them. Another thing to keep in mind as well, if you are going to delay Part B Medicare coverage and remain enrolled in your employer’s medical plan, these plans typically are not Medicare plans. Therefore, higher deductibles, co-insurance and co-pay charges could exist and ultimately not be advantageous to you cost wise. Also, if you decide to discontinue working after age 65 and have delayed your enrollment for Part B Medicare coverage, you will be granted an 8-month enrollment period to get in enrolled into a Part B coverage without incurring a penalty.
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Turning 65 Still Working/Medicare

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Rose76 Legendary Member Since Mar 2011 Location: USA Posts: 12,642 (SuperPoster!) 13 5,475 hugs given	Mar 13, 2018 at 02:08 PM #4 I believe you are correct, notz. Here is a link to back that up: https://www.mymedicarematters.org/en...-i-enroll/#sep Look up when, exactly, you do have to enroll. Then do it right on time, so you don't get those life long penalties.
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