Should I Sign Up For Medicare If I Have Insurance At Work?

Can I drop my employer health insurance and go on Medicare?

By law, employer group health insurance plans must continue to cover you at any age so long as you continue working.

Turning 65 would not force you to take Medicare so long as you’re still working.

The only exception is if your employer has fewer than 20 people (or fewer than 100 if you are disabled)..

Do I need Medicare Part B if I have insurance at work?

A. Probably not. In most cases, for as long as you have group health insurance provided by an employer for whom you are still working, you can delay enrolling in Part B, which covers doctors visits and other outpatient services and requires a monthly premium.

Do I need Medicare Part B if my spouse has insurance?

No, as long as you follow Medicare’s rules. Almost anybody who is retired but has group health coverage from the employer of a spouse who is still working does not need to sign up for Medicare Part B on reaching 65.

What happens if you don’t sign up for Medicare Part B at 65?

If you wait until the month you turn 65 (or the 3 months after you turn 65) to enroll, your Part B coverage will be delayed. This could cause a gap in your coverage. In most cases, if you don’t sign up for Medicare Part B when you’re first eligible, you’ll have to pay a late enrollment penalty.

Do you have to sign up for Medicare if you are still working and have insurance?

As long as you have group health insurance from an employer for which you or your spouse actively works after you turn 65, you can delay enrolling in Medicare until the employment ends or the coverage stops (whichever happens first), without incurring any late penalties if you enroll later.

Can I have both employer insurance and Medicare?

Because of this, it’s possible to have both Medicare and a group health plan after age 65. For these individuals, Medicare and employer insurance can work together to ensure that healthcare needs and costs are covered.

Should you sign up for Medicare Part A if you are still working?

If you want to delay both Part A and Part B coverage, you do not need to do anything when you turn 65. You should sign up for Medicare when you stop working or lose your health insurance from your (or your spouse’s) current employer.

How does Medicare work if you have private insurance?

If you have private health insurance along with your Medicare coverage, the insurers generally do “coordination of benefits” to decide which insurer pays first. … If the employer has 20 or more employees, the group health plan usually pays first. If the employer has fewer than 20 employees, Medicare usually pays first.