If you continue to work you may have the option to keep your current insurance. In most cases, we find it more cost effective to leave the employer plan and go on Medicare with secondary insurance. Your options are:
- Keep your current insurance through your employer. If you do this, we highly recommend that you DELAY your Part B benefits. There is no reason to pay for Part B when you have creditable coverage through your employer that you already pay for. This insurance must be “creditable coverage” and you must be an active employee or you will be subject to Part B penalties.
- Move to Medicare Part A and Part B and enroll into a Medicare Supplement (Medigap) Plan to help cover the gaps in Original Medicare (add on a Part D).
- Move to Medicare Part A and Part B and enroll into a Medicare Advantage Plan
Once you lose the coverage through your employer, whether you retire or your group plan drops you, then you will need to enroll in Part B and start to look at the different options for coverage available to you.
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