Social Security and Medicare Common Questions
Q: Can I delay Medicare beyond age 65 if I have insurance from an employer?
A: If the employer has 20 or more employees, you can delay Medicare enrollment until the job ends. You could, however, sign up for Medicare Part A only as a secondary insurance to your current employer plan.
Q: What if I have retiree health benefits or COBRA?
A: Retiree benefits and COBRA do not count as employer-provided coverage; you will need to sign up for Medicare.
Q: What happens if I don’t enroll at the right time?
A: You will have to sign up at a general enrollment time (coverage begins that July 1st). You will also have to pay Medicare penalties that will be added to your premiums for all future years.
Q: Can I have both Medicare and employer-provided insurance after age 65?
A: Again, the employer plan will be the primary, so it’s unlikely Medicare Part B would be worth the cost of paying the premium.
Q: What if my employer’s health plan includes a health savings account?
A: Once you enroll in any part of Medicare, you can no longer contribute to HSA accounts. You can draw on HSA funds but can’t add any.
Q: Where can I go for more info?
A: Social Security:
Social Security and Medicare
Have more questions about Social Security and Medicare? If so, visit our Social Security and Medicare 101.