Deciding to return to the workforce doesn’t automatically necessitate alterations to your Medicare coverage!
You’re free to rejoin the labor market while keeping your existing Medicare plan intact.
Nevertheless, should your new employer provide group health benefits (requirement being they employ over 20 individuals), this would be recognized as creditable insurance.
Should this employer-sponsored insurance prove cheaper than your current Medicare expenses, you might opt to enroll in this group plan,
subsequently suspending your Medicare while ceasing premium payments.
Upon deciding to re-enter retirement, you would have to undertake the process of Provoked Enrollment for Medicare Part B by submitting the necessary paperwork.
You’re obligated to complete one of the documents, while your company’s Human Resources division takes responsibility for the other.
Transport these completed documents to your local Social Security Administration office to initiate the reactivation procedure for your Medicare benefits.
We recommend reaching out to us to review your choices…our consultations are at no charge!
