Quick Answer: Do I Need To Sign Up For Medicare If I Have Employer Insurance?

Do you have to sign up for Medicare if you have insurance through work?

Many seniors are no longer employed at age 65, and thus rush to sign up for Medicare as soon as they’re able.

But if you’re still working at 65, and you have coverage under a group health plan through an employer with 20 employees or more, then you don’t have to enroll in Medicare right now..

Should you sign up for Medicare if you have health insurance?

Most people should enroll in Medicare Part A (Hospital Insurance) when they’re first eligible, but certain people may choose to delay Medicare Part B (Medical Insurance). In most cases, it depends on the type of health coverage you may have. Select the situation that applies to you to learn more.

Can I drop my employer health insurance and go on Medicare?

By law, employer group health insurance plans must continue to cover you at any age so long as you continue working. Turning 65 would not force you to take Medicare so long as you’re still working. The only exception is if your employer has fewer than 20 people (or fewer than 100 if you are disabled).

Who qualifies for free Medicare B?

You must be 65 years or older. You must be a U.S. citizen, or a permanent resident lawfully residing in the U.S for at least five continuous years.

Can you decline Medicare coverage?

If you are turning 65 and have not already been receiving Social Security or RRB benefits, you should sign up for Medicare Part B within three months of your birthday. You can sign up later or decline coverage, but there may be penalties based on your circumstances.

Can I keep my private insurance and Medicare?

It is possible to have both private insurance and Medicare at the same time. When you have both, a process called coordination of benefits determines which insurance provider pays first. This provider is called the primary payer.

What happens if you don’t sign up for Medicare Part B at 65?

If you wait until the month you turn 65 (or the 3 months after you turn 65) to enroll, your Part B coverage will be delayed. This could cause a gap in your coverage. In most cases, if you don’t sign up for Medicare Part B when you’re first eligible, you’ll have to pay a late enrollment penalty.

Can you have Medicare and employer insurance at the same time?

Because of this, it’s possible to have both Medicare and a group health plan after age 65. For these individuals, Medicare and employer insurance can work together to ensure that healthcare needs and costs are covered.

Is there a penalty for not enrolling in Medicare Part A at age 65?

Some people have to buy Part A because they don’t qualify for premium-free Part A. If you have to buy Part A, and you don’t buy it when you’re first eligible for Medicare, your monthly premium may go up 10%.

Do I need Medicare Part B if I am still working?

You may be required to get Medicare Part B even when you’re still working. There are two situations in which you must get Part B when you turn 65. If your employer has fewer than 20 employees. If you’re covered by a spouse’s employer, and the employer requires covered dependents to enroll in Medicare when they turn 65.