65 and Still Working

You become eligible to enroll in Medicare the month you turn 65. However, if you plan to keep working and continue on your employer’s health coverage or stay on your spouse’s employers plan, you have some scenarios to consider before signing up for Medicare. Watch this video and you'll learn all the information you need to make confident decisions about getting or delaying Medicare coverage.



Important things to consider:

If your employer has 20 or more employees, generally you can choose to delay Medicare enrollment, drop your employer coverage for Medicare, or have both Medicare and employer coverage.

If an employer has fewer than 20 employees, generally you will need to enroll in Medicare during your Initial Enrollment Period.

If you have health coverage through a spouse's employer, what you can do will depend on the employer's rules. You may be able to delay or you may need to enroll at age 65.

Medicare can be very complicated and every individual’s situation is different based on health status, income, and if you need to cover dependents. For some individuals, it may be best to completely transition to Medicare and get off their employer’s plans. For others that could be a very costly decision long term.

The only way to determine what is best for you is to do a comprehensive benefit and cost comparison of your current employer sponsored plan, verses signing up for Medicare and getting supplement plans. It is very important to use an independent Medicare insurance agent to help you with this process because:

1. It cost you nothing because we are compensated by the insurance companies to help you find a plan that meets your needs and budget.

2. You don’t want to over pay for your plans.

3. Avoid any costly life time penalties by not signing up correctly.

4. Receive accurate and unbiased information.

5. An independent agent works for you not the insurance company.

If you have questions or need help with Medicare give me call at (512) 656-9378 or email [email protected].

Greg Downing is a five start rated Licensed Insurance Professional at Texas Medicare Advisors in Austin, Texas. He has helped thousands of individuals with Medicare and individual health plans. His Medicare expertise is utilized by many financial and insurance professionals to help their clients transition to Medicare.




Texas Medicare Advisors is an independent agency and is not connected with or endorsed by the United States government or the federal Medicare program. This information is designed to provide a general overview with regard to the subject matter covered and is not state specific. The authors, publisher and host are not providing legal, accounting or specific advice for your situation. This information has been provided by a Licensed Insurance Professional and does not necessarily represent the views of the presenting insurance professional. The statements and opinions expressed are those of the author and are subject to change at any time. All information is believed to be from reliable sources; however, presenting insurance professional makes no representation as to its completeness or accuracy. This material has been prepared for informational and educational purposes only. It is not intended to provide, and should not be relied upon for, accounting, legal, tax or investment advice.