I've been on my employer's health plan but am retiring soon. What should I consider when moving to Medicare?

Question

Tony Capraro III · Accepted Answer

You should sit down with a Medicare Agent to go over all your options! I usually have folks come in for a quick meeting and see exactly where they are and what their plans and goals and objectives are! We'd be glad to help you! :)

Answered by Tony Capraro III on April 11, 2025

Agent Licensed in NH

Answered by Tony Capraro III Medicare Insurance Agent

William Gray · Answer

If you are over the age of 65 in order to avoid the penalties imposed you will need to submit the CMS-L564 form 

If you have income from 24 months ago that will put you in a high income earner you will need to fill out the form SSA-44 for an IRRMA reduction. 

You can find these forms on my website under the forms tab. 

https://www.themedicaredude.com/forms.html

william

Michael Ryan · Answer

First and foremost enroll in both Part A and B if you havent already done so.

Make a list your important doctors and prescriptions.  Contact an independant agent that works with many if not all of the carriers and different types of plans ie Med Sups, Medicare Advantage, Prescription Drug plans to narrow down your options for you.  While you can find most of this information independently, what you wont find is the detailed information that can make a difference in your coverage. Especially in 2025 with the significant changes in ALL of the prescription drug plans. You can start the rieview and application process as early as 3 months before needing it in place...

Focus on actual care thats needed now and will happen in the future.. One of those calls I get from time  to time starts with "remember that plan we talked about, I should have listened to you instead of goin out on my own"   There's no cost in working with an independant agent, there could be a significant cost in not doing so..

Ray McCauley · Answer

Number one is cost
every morning number two our Benefits I will help you navigate to Medicare minefield please call me 916-628-5244

Kevin McIntire · Answer

Timing is a big factor. Medicare plans only begin on the 1st of every month, so make sure your employer coverage extends to the end of the month before you start Medicare.

Steve Brauer · Answer

This answer is provided in a video format. Watch the agent's video response here: https://medicareagentshub.com/questions/ive-been-on-my-employers-health-plan-but-am-retiring-soon-what-should-i-consider-when-moving-to-medicare#steve-brauer

Calvin Fritz · Answer

When transitioning from your employer's health plan to Medicare, consider your eligibility for Medicare Part A and Part B, potential special enrollment periods, COBRA options, and the costs and benefits of Medicare compared to your employer's plan.

Answered by Calvin Fritz on April 8, 2025

Broker Licensed in MO, AL, AR & 22 other states

Answered by Calvin Fritz Medicare Insurance Agent

I've been on my employer's health plan but am retiring soon. What should I consider when moving to Medicare?

Agents: Share Your Expertise

Related Questions

Agent Locator

Medicare Agents Hub
A non-government resource website

I've been on my employer's health plan but am retiring soon. What should I consider when moving to Medicare?

Agents: Share Your Expertise

Related Questions

Agent Locator

Medicare Agents HubA non-government resource website

Medicare Agents Hub
A non-government resource website