Am I eligible for a Special Enrollment Period if I lose employer coverage?
Answered by 29 licensed agents
Yes, you may be eligible for a Special Enrollment Period (SEP) if you lose your employer health coverage. This SEP typically lasts for 8 months following the loss of your coverage, allowing you to enroll in Medicare without facing penalties. It's important to inform Medicare of your loss of coverage to ensure a smooth enrollment process
Yes, an agent should always look into areas where you may qualify for special enrollment periods (SEP), which are given throughout the year and taken away. SEP varies from state to state and from circumstance to circumstance. Again, a trustworthy agent can explain this in detail.
You do fall into a Special Enrollment period. You will have 60-days to choose Original Medicare with a Part D drug plan or enroll into a Medicare Advantage plan.
Yes. When you lose health coverage through your employer, you have 60 days to enroll in Medicare Part B and choose either a Medicare Advantage plan or a Medigap plan.
Current Medicare rules allow a Special Enrollment Period (SEP) when someone loses creditable group coverage and is 65 or over in most states. This entitles the retiree to enroll into Parts A, B, C, and/or D. In most cases, the senior will be required to the pay the entire Part B and/or Part D monthly premiums at that time and for the rest of their retirement.
Yes there is an 8-month period between losing your employer coverage to get into a Medicare Advantage plan or prescription drug plan. Cobra coverage does not count as it is not creditable coverage according to Medicare.
Most likely, yes. If your employer coverage was creditable and provided prescribtion drug coverage. You may have to apply for Medicare Part B, and have to work with a set timeline to apply for a Medicare plan.
Yes absolutely. There's no need to use COBRA. You can activate your part B premiums if you are over 65 and then be in a plan very quickly. Please don't overspend on COBRA, except under certain circumstances.
If you lose creditable employer or union healthcare coverage, you will qualify for a special enrollment period (SEP) to enroll in Medicare Parts, A, B, C, or D, which allows you to join or switch plans outside regular enrollment periods
Generally yes. That is considered a life-changing event which creates an opportunity to enroll in Medicare without any late enrollment penalties, and cascading from Medicare enrollment is the guaranteed enrollment into any Medicare plan such as a supplement or Advantage plan.
Yes, you are in a Special Enrollment Period if you lose employer coverage. You must enroll in Medicare withing 60 days of losing your coverage. You may also be eligible to a Special Election Period dure to other specific life events.
The short answer is "yes". Generally, when someone loses employer coverage they qualify for a Special Enrollment Period that allows them to get into a Medicare plan with no questions asked. The qualifier is that the employer coverage is "creditable". This means that the employer coverage is at least as good as Medicare's coverage. This information is provided by the group insurance provider and your human resources director should be able to answer this question for you.
Yes that’s a great example of a “special election period”. Most brokers will refer to this as an LEC. Although Medicare does give you a few months to get onto a new plan, I think it’s best to not go “uncovered” for any period of time. If you coordinate with the broker, they can usually make this process very seamless.
YES...and the choices you make next will determine the right Health Care for your future. A SEP allows you to change directions even though you are outside of the Annual Election Period...and SEP's come from a variety of life changes that open up opportunities...so....consult an Independent Broker who specializes in MEDICARE.
Yes, if you lose employer-sponsored health coverage, you qualify for an 8-month Medicare Special Enrollment Period (SEP) to enroll in Medicare Part A and/or Part B, or to switch to a Medicare Advantage or Part D plan.
Yes. As long as you had creditable coverage that ended. You have 60 days to elect Medicare. At which time you could enroll in an Advantage Plan, Medigap plan and Part D Plan.
Yes, If you lose your job-based health coverage, you have an 8-month Special Enrollment Period (SEP) to sign up for Medicare. This period starts the month after your employment or employer-sponsored health insurance ends, whichever comes first.
Yes, usually to enroll into Medicare you have Enrollments Periods, if for some reason you missed your Initial Enrollment Period when you turned 65 or if you delayed part B, then you have a Special Enrollment Period when you lose employer coverage, the window is 8 months to enroll into Medicare part A and/or B and 2 months for Medicare Advantage Plans.
You would be eligible for a special election period if you lost employer coverage, changed locations of residence or other changes in your life occurred. You may also be eligible if disasters prevented you from making changes in an eligible enrollment period.