I have a good friend who will be turning 65 in a few months. He called yesterday because he heard that he should sign up for Medicare right away.
Several factors need to be considered. I asked him if he was currently covered with an employer plan and if the plan was affordable.
Yes, he is covered and his wife, who is several years younger, is also covered under his plan.
Another question for him was, how long does he plan to work before he retires? The conclusion was that he will continue to work, at least for a few years, so that his wife will be covered under his employer plan. He is happy with the plan and the cost is about $350 per month for the two of them.
So, the answer to whether he is required to sign up for Medicare is no.
He can request his part A and receive a card that shows Part A only, but he does not need to enroll in any part of Medicare as long as he is working and has credible employer coverage.
It is always so interesting to help people make these very important decisions. Every situation is different, depending on when you choose to retire, does your spouse need coverage, how much is your current plan, etc.
As an independent Medicare agent, I can help you find the plan that fits your individual needs and lifestyle. I can also help you determine if staying on your current plan is the best choice for you. Also, I can help with questions about when to sign up for a plan and any late enrollment penalties to be aware of.
If you are new to Medicare or turning 65 in the next year and have questions about what plan to choose, or any other Medicare questions, please call me at (480) 212-2246.
Call Lynne Jones, a licensed salesperson, at (480) 212-2246 or email me at jonesdvp@yahoo.com.