What do I do about
Medicare if I work past age 65?
If you work past age 65
and have employer-sponsored health coverage, you may be able to delay enrollment
in Medicare Part B without facing a late enrollment penalty. Here are some
things to keep in mind:
If your employer has 20
or more employees, your employer's health plan becomes the primary payer for
your health care costs, and Medicare becomes the secondary payer. You may choose
to delay enrollment in Part B until you retire or lose your employer-sponsored
health coverage without facing a late enrollment penalty.
If your employer has
fewer than 20 employees, Medicare becomes the primary payer for your health care
costs, and your employer's health plan becomes the secondary payer. In this
case, you may need to enroll in Medicare Part B when you turn 65 to avoid a late
enrollment penalty.
If you do decide to
delay enrollment in Medicare Part B, you will need to enroll in Part B within 8
months of the time you lose your employer-sponsored health coverage or retire,
whichever happens first.
It's important to
understand your options and the rules for enrollment in Medicare to make the
best decisions for your health care coverage as you continue to work past age
65. You can visit the official Medicare website at www.medicare.gov or speak
with a Medicare representative for more information.
