Working past age 65? Here’s how to enjoy the best of both worlds.

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Now more than ever, individuals ages 65 and older are delaying retirement and staying in the workforce. If you’re past age 65, you can sign up for Medicare regardless of your current employment status. We make it easy to enroll in Medicare without retiring. Our advisors provide local help with health insurance options.

Here’s how you can enjoy the best of both worlds: accessing your Medicare benefits while continuing your career.

Compare your plan options. (We Can Help!)

When it comes to Medicare, many people feel overwhelmed by the number of plan options. There’s Original Medicare (Part A and Part B), Supplements, Prescription Drug plans, and Medicare Advantage. You have hundreds to choose from!

However, having so many Medicare plan options means you can truly customize your coverage. Compared to your employer group coverage that offers few options, Medicare isn’t one-size-fits-all. You can choose a plan based on your needs and budget, rather than your employer’s.

But how do you know you’re choosing the right plan? Lucky for you, you have a team of experts available to give you no-cost, local help with health insurance options. Let us do the heavy lifting. Our advisors will research plans and explain your options so that you feel confident in your plan choice. If you have a spouse who needs an individual health insurance plan or Medicare coverage, we can help with that, too.

New and Improved Medicare Benefits

As you weigh your Medicare options, consider the benefits you can access once you make the switch. Some Medicare plans offer affordable out-of-pocket costs coupled with perks such as:

  • Grocery gift cards
  • Allowances for over-the-counter products
  • Fitness memberships
  • Transportation and meal services

And that’s just the beginning! You can enjoy these benefits while continuing your career when you enroll in Medicare without retiring.

Keep your HSA in mind.

Does your current health insurance come with a health savings account (HSA)? Then you’ll need to be mindful of when to stop depositing funds.

If you apply for Medicare prior to your 65th birthday month, you can contribute to your HSA through the day before your Medicare effective date. If you apply after that time, you should stop depositing funds to your HSA up to six months prior to signing up for Medicare since you could face penalties if you continue to contribute.

Once you’re on a Medicare plan, you can still use your existing HSA funds to cover certain health care costs. You won’t lose your HSA funds by switching to Medicare. Read more about HSAs from our advisors. 

How many employees does your company have?

If you work at an organization with fewer than 20 employees, you’ll be required to enroll in Medicare once you become eligible at age 65. However, if you work for a larger organization, you can choose between Medicare and your employer’s group coverage. Either way, you can have the option to enroll in Medicare without retiring.

Get local help with health insurance questions, plan options, and more.

Whether you’re curious about plan options, enrollment deadlines, or what to do with your HSA funds, our advisors are here to help. We offer local help with health insurance questions. Schedule a call with us to learn more about what you can gain when you enroll in Medicare without retiring.

If you’re currently a RetireMed client and have questions about Medicare or your plan, schedule a call with a client advisor.