Answer
Possibly. Turning 65 doesn’t always mean you must immediately enroll in every part of Medicare.
If you or your spouse is still working and you’re covered by a qualifying employer group health plan based on current employment, you may be able to delay Medicare Part B without a late-enrollment penalty.
When that employment or coverage ends, you generally have an 8-month Special Enrollment Period to enroll in Medicare Part B. However, COBRA and retiree coverage don’t necessarily give you the same protection, so it’s important to understand exactly what type of insurance you have.
Before deciding to delay Medicare, compare your employer coverage and costs with your Medicare options.
Lighthouse Health Advisors can help you understand how Medicare coordinates with your existing insurance before you make the change.
Key Takeaways
- You may be able to delay Part B while working.
- The type of employer coverage matters.
- COBRA doesn’t extend your Part B enrollment deadline.
- Late enrollment can result in penalties.
- Review your situation before making a decision.