Is Enrollment in Medicare Mandatory at 65?
No, it isn’t mandatory to sign up for Medicare upon reaching eligibility. Nonetheless, choosing not to enroll could complicate your ability to access your full Medicare entitlements.
For the purposes of this discussion, it’s essential to be cognizant of two primary components of Medicare – Part A, which provides inpatient hospital care coverage, and Part B, which covers outpatient care such as doctor visits and medical testing.
Medicare Part A: If you’re entitled to Social Security benefits at the age of 65 (you don’t have to receive them, just be eligible), you won’t have to pay a premium for Medicare Part A (therefore avoiding any penalty if you postpone your claim).
Medicare Part B: Although Part B comes with a monthly premium, if you’re covered by a “creditable” health plan through your job as you turn 65, you may opt to put off enrolling in Part B until your workplace insurance terminates without incurring a Late Enrollment Penalty.
JUST US INSURANCE – San Marcos, Escondido, Vista, Ca.
Jay and Heather Gray
Father Daughter Team
COMPLIMENTARY CONSULTATION WITH OVER TWO DECADES OF SIMPLIFYING MEDICARE!
