What Do You Do If You're Still Working?
Good morning all,
I hope all is good in your world.
I talk to a lot of people that plan on continuing to work past 65 and have coverage through their employer. They are confused as to what they have to do with regards to Medicare.
In most circumstances, the only thing your benefits at work will require is you enroll into Part A. This is going to save you money in a couple of ways. Part A has no monthly premium for most people if you have worked 10 years in your life in a position that took out Medicare taxes. Again, in most circumstances, your coverage at work will continue to cover everything else.
By delaying your enrollment in Part B, you will be eligible for Open Enrollment when you retire from your job. It is going to be better for you to delay your Open Enrollment so that you have all of your options available to you when you decide to retire. Open Enrollment is the time when you can choose any Medicare Supplement without having to answer any health questions.
The other reason is that it is a good idea to delay Part B, if possible, because you will save the Part B premium. Right now for most Americans new to Medicare the Part B premium is $134.00 per month. There are exceptions to this, based on your income. So, if you can delay Part B while you are still working it would be wise to do so.
If you have questions about Medicare, or your situation, please give me a call or send me an email and I will be more than happy to help.
Please do something nice for someone today, no matter the size of the gesture.
I hope you have a great day and I look forward to speaking with you soon.
All the best,
Randall J. Lawson
The HgO Group
National Producer Number #9276045
Don't forget to ask me about our Long Term Care, Cancer, Heart, Stroke, and Final Expense Policies.