Do I have to apply for Medicare if I am still working past 65?
Answered by 16 licensed agents
If you are happy with your creditable employer plan, or if you are carry dependants on that plan, you can delay Medicare without penalties. You will get a special election to enroll in Medicare when you retire or when your dependants are eligible for other coverage. You can enroll in Medicare Part A only this time since it is generally free of premium. If you contribute to an HSA, delay Part A for now -IRS rules do not allow HSA contributions once you have a Medicare number!
Depends on whether your company has more than 20 employees; if so, then no, you do not have to enroll. If fewer than 20 employees, then yes, you must enroll in Medicare Part A &B
Only if you do not have insurance coverage from your employer. You should compare costs and benefits of Medicare and your current plan. If you want help, I am here.
If you’re still working past 65 and have good health insurance through your job, you might not need to sign up for Medicare right away but it depends on your employer size and coverage. Always check to avoid late penalties later!
When deciding whether or not to apply for Medicare if you still plan to work after 65, it is more important than ever to sit down with your trusted broker to discuss options. Many people decide to enroll in Part A because there is typically no monthly premium, however factors such as contributing to an HSA could influence your decision on whether or not to do that. Another top consideration is that you lose your trial right when you do not apply for Part A at 65.
Read more about trial rights below
Trial Right 1:
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When you enroll in a Medicare Advantage plan for the first time when you turn 65, you have 12 months to switch back to Original Medicare with a Medigap policy.
Trial Right 2:
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If you switch from a Medigap policy to a Medicare Advantage plan, and then later decide you want to go back to Original Medicare, you have 12 months to do so.
It depends. If you have credible health insurance through yout employer, the answer is no as long as you keep your healthcare coverage and you are also entitled to Meficare Part A hospital coverage in addition to your work insurance. If you currently don't have insurance or only catestrophic, then yes you will want to sign as soon you are eligible for both A and B coverage and talk to a Medicare Health Insurance agent.
It depends. As long as you have credible health coverage you can delay applying for Medicare. If you don’t have credible health coverage, you will be penalized if don’t apply for Medicare when you turn 65.
That depends. If you have an ACA plan (Affordable Care Act), then you must sign up for Medicare at age 65. But if you are on employer health insurance, the rule from Medicare is that you can keep your group health insurance, and not be penalized later for not taking Part B, if 20 or more employees are on the group plan. Not just employed, but on the group health plan. Second rule, does the drug plan of your group health meet Medicare's minimum requirements of Part D? If not, you will need to sign up for a Medicare Part D plan. Lastly, it's important to compare the cost of your group health plan, including the premium, deductible, co-pays and max out-of-pocket, to paying for Medicare Part B and either choosing an Advantage plan, or a supplement.
Normally you are automatically on Medicare Part A (Hospital Insurance) as of the first day of the month of your 65th birthday, even though you have not applied for it. Do you have to apply for Medicare Part B? No - not while you are still working, whether you are on your employers group health plan or an individual health plan. If your group has 20 or less employees on the group plan, then Medicare is Primary and you may be required to enroll in Medicare in order to have coverage. If the group is larger than 20 employees (21 or more) then Medicare is secondary to your group plan and your plan pays first and Medicare pays second. I don't recommend that anyone enroll in Medicare if they are still working unless they are required to. Besides, if you are on the group plan and NOT enrolled in Medicare, you do not have to pay the Medicare Part B fee.
The answer hinges on your situation. Suppose you’re still working and covered by an employer health plan with 20 or more employees. In that case, you can delay Medicare Part B (and Part D, if your plan includes creditable drug coverage) without penalty until you retire. However, you should enroll in Part A at 65—it’s usually premium-free and may supplement your employer plan. If your employer has fewer than 20 employees, Medicare becomes primary, so you must enroll in Parts A and B at 65 to avoid gaps or penalties (8.33%–10% premium hikes for late Part B enrollment).
While Medicare Part A is automatic for most people turning 65 who have enough work credits, enrollment in Part B is not automatic. If you do not have other creditable health coverage, you must actively apply for Part B to avoid late enrollment penalties.
If you will continue to have employer coverage or another form of insurance when you turn 65, confirm that it is considered "creditable coverage" by Medicare standards. Having creditable coverage allows you to delay enrolling in Part B without incurring a late enrollment penalty once your other coverage ends.
No, you can apply for Medicare once you're done working without penalty as long as you had credible coverage through your employer. I would still work with your current health plan and a broker to evaluate both options to see which is best for your needs and budget.
It depends. If you are still working past 65 and have creditable employer coverage (20+ employees), you usually can delay Medicare Part B without penalty. However many people still choose to enroll in Part A at 65, since is premium-free for most and can serve as secondary hospital coverage.
Generally, if you're still working past 65 and covered by your employer's plan, you can delay enrolling in Medicare Parts A and B until you lose that coverage.
