A coverage compliance specialist takes on a common client
question.
By Bethany Cissell | April 14, 2020 at 06:02 AM
Some Medicare enrollment questions come from
workers who are working past the usual retirement page.
Here’s one of the most common questions of
that type.
The Question
I’m over 65 and still working full-time. I get
health coverage from my employer. If I stop working for the employer, how long
do I have to enroll in Part B, whether I continue on my employer’s coverage or
lose it?
The Answer
You have eight months from the day you are no
longer actively working to enroll in Medicare Part B on the best terms.
If you enroll during this eight-month period,
you will not incur a penalty for not enrolling when you should have.
If you miss the enrollment window, you could
incur a penalty of 10% of the standard Part B premium for every full 12-month
period you did not enroll but should have. This penalty will continue until you
no longer have Medicare.
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