According to Medicare.gov, whether or not you retire at age 65, you are still eligible for Medicare! In this MedicareWire article, we'll go over what you need to know if you're still working after your 65th birthday. Working After Age 65 If you, or your spouse, are still employed after age 65 you may have health insurance through your employer. The first step you should take before you enroll in Medicare is to talk with your employee health benefits administrator. You will need to know which kind of health plan you are currently enrolled in and how (if at all) that health insurance will change if you enroll in Medicare. This information will help you evaluate your Medicare choices and decide which plan is best for you. The ABCs of Medicare As you near your 65th birthday, you'll need to make a few important decisions about your Medicare health insurance. These decisions are often confusing, so give yourself some time to think them over. Here are the decisions … [Read more...]
Are You Eligible for Medicare Yet Still Working? How Does This Affect Your Medicare Coverage?
Great news - whether or not you retire at age 65, you are still eligible for Medicare! If you, or your spouse, are still employed you may have health insurance through that employer. The first step you should take, before you enroll in Medicare, is to talk with your human resources department. You will need to know which kind of health plan you are currently enrolled in and how (if at all) that health insurance will change if you enroll in Medicare. This information will help you evaluate your Medicare choices and decide which plan is best for you. Medicare Part A, which is hospital coverage, is premium-free for most people. It's a good idea to enroll in Part A as soon as you're eligible, as long as you qualify for it premium-free. However, if your employer plan is a Health Savings Account (HSA) - speak to your employer first. They may stop contributing to your account if you enroll. This is why it is very important to learn exactly how Medicare will change your current … [Read more...]