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 the 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.
- Move to Medicare and enroll into a Medicare Supplement (Medigap) Plan to help cover the gaps in Original Medicare (add on a Part D).
- Move to Medicare 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.
Learn More: I Have Drug Coverage Through My Employer, Do I Need a Medicare Part D Plan Too?
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