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Michael M Insurance Services Blog

Employer Coverage

4/23/2021

1 Comment

 
Many of are continuing to work and we get our insurance Coverage from our Employer even though we are turning 65 and Medicare eligible. Here are some things to consider.
Do I Have To Go On Medicare?
Maybe. The first thing to consider is, Does my employer have 20 or more employees?
Over 20-
You are not required to sign up for Medicare. The coverage is as good if not better than Medicare's and Medicare is a secondary payer. Most people sign up for Part A (Hospital) coverage because 1) it's Free (for most of us) and 2) What ever your company plan doesn't pay Medicare will pick up. Since most employer plans come with an employee contribution, it's a good idea to compare costs with going on Medicare and the available health plans that go with it. Some times the employer plan isn't such a good deal and sometimes it pays to take the covered spouse off of the company plan. Medicare is cheaper and the health plan premium contribution goes down as well.
Under 20-
You will have to sign up for Medicare Parts A and B. You will also have to make sure your Rx Plan is considered creditable to avoid a penalty.
1 Comment
blue cross medicare advantage link
10/6/2021 07:56:57 pm

Very interesting and thanks for sharing such a good blog. Your article is so convincing that I never stop myself from saying something about it. You’re doing a great job. Keep it up.

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Michael M Insurance Services​
Office Location:
445 Broad Hollow Rd.
Suite 25
Melville, NY 11747

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PO Box 465
Brightwaters, NY 11718​
(631) 774-3786​
Click Here to Email Us
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Disclaimer- Michael M Insurance Services does not represent all of the Medicare Health Plans available in your area. For a complete list of plans feel free to contact us or go to the Medicare.gov website for more information. Plan listings can also be found in the Medicare and You Guide which can be found in the Medicare Document Library at the bottom of the Home Page. In any case we are available to assist you in getting the answers and information you need.
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  • Home
  • Medicare
    • Part A
    • Part B
    • Part C - Medicare Advantage
    • Medicare Supplement
    • Part D
    • Medicare Seminar
  • Contact
  • About
    • Agency Photo Gallery
    • Blog
    • Office Appointment
    • Zoom Appointment
  • Other Services
    • Final Expense Insurance
    • Long Term Care Insurance
    • Online Documents