Not Retiring at 65? You Still Need to Enroll in Medicare

June 14, 2025

The benefits of Medicare begin when you turn 65. But what happens if you are still working past age 65 and have no plans to retire? If your workplace offers health insurance, do you still need to get Medicare? Is there a downside if you don’t?


The first step in exploring Medicare enrollment is to have a conversation with your company’s human resources department before your 65th birthday. Make sure you find out what you will need to do in terms of your health insurance coverage.

Sign Up for Medicare Part A – No Matter What

It’s a good idea to enroll in Medicare Part A when you become eligible at age 65, even if you have employer coverage. If you have been working for at least 40 quarters or 10 years, and paying your Medicare taxes, Medicare Part A is free.


If you work for a small business with fewer than 20 employees, you will most likely be required to sign up for Medicare Part A and Part B by your employer. While Part A is premium-free, the monthly premiums for Part B are $174.70 in 2024. Note that your income can affect what you pay for Part B and Part D (prescription drug coverage), and high earners often pay higher monthly premiums for both of these parts of Medicare.

Those who work for companies with 20 or more full-time workers and have access to employer-based health insurance can choose to delay signing up for Medicare Part B while they are still working. That way, they don’t have to pay premiums for both Medicare and their employer coverage.

Keep in mind that you need to sign up for Medicare Parts A and B during your initial enrollment period (IEP), which begins three months before and ends three months after the month you turn 65. If you don’t, you could end up with gaps in coverage – and potentially costly penalties.


Be Aware of Your Options

Whether you are working or not working, it is important to fully explore your options in order to choose the health insurance coverage that’s best for you. For example, you (and your employer) may save a significant amount of money by opting out of your company’s plan and switching to Medicare.


We recently worked with a client who was turning 65, not ready to retire, and unsure what to do about health insurance for himself and his spouse. After comparing his premium for employer coverage (which he seldom used) with the cost for Medicare Part A and Part B plus a zero-premium Medicare Managed Care Plan (better known as Medicare Advantage Plans), it turned out he would be paying much less if he dropped his company’s coverage. And his employer would save money by no longer paying their part of his premium.


Lost in the Medicare Maze?

An experienced Medicare agent will give you the guidance you need to make educated decisions about the type of coverage you need. With over 20 years of experience, we promise you an honest and eye-opening conversation about how Medicare works and what your choices are. And we never charge for our services. Contact Bruce today to schedule a complimentary consultation.

Medicare Prescription Drug Coverage: 3 Things to Know

June 14, 2025
Did you go to the pharmacy in January and discover your prescription medications cost more? Judging by the number of calls we received from clients over the past few weeks, you were not alone. 

Does Medicare Cover Vision, Dental, and Hearing? Here's the Breakdown

June 14, 2025
Medicare covers most major medical needs for those 65 and older. However, some services – including vision, dental and hearing – fall outside the program’s scope.

What to Do After Medicare’s Annual Enrollment Period Ends

June 14, 2025
The 2024 Medicare Annual Enrollment Period ended on December 7. If you switched from one Medicare Managed Care Plan (also known as Medicare Advantage Plan) to another or changed your stand-alone prescription drug coverage (Medicare Part D), your changes will go into effect January 1, 2025.

Do You Need a New Medicare Plan? 4 Things to Consider

June 14, 2025
Medicare Open Enrollment is happening now! Through December 7, 2024, those currently enrolled in Medicare can change their Medicare Managed Care Plan (also known as Medicare Advantage Plans) or stand-alone prescription drug coverage. All changes are effective January 1, 2025.

What to Know About Medicare Fraud

June 14, 2025
You are reviewing your latest Medicare Explanation of Benefits statement and notice you’ve been billed for a service that does not look familiar. It may simply be the result of a misunderstanding on your part about your benefits. However, it may also be fraud or abuse.

What’s the Difference Between Medicare Part A and Part B?

June 14, 2025
For people 65 an older, the Medicare federal health insurance program offers coverage to help pay for essentials like doctor visits, hospital stays and surgeries. While qualifying for Medicare coverage is a cause for celebration, many seniors find it extremely challenging to understand their options and get the coverage that’s best for them. Medicare has several “parts,” some of which may you may be automatically enrolled in when you qualify, and others that you must choose to sign up for. To begin with, it’s important to understand the difference between Medicare Part A and Part B.

What Your Employer May Not Tell You About COBRA and Medicare

By Jessi Jennings • June 14, 2025
The Consolidated Omnibus Budget Reconciliation Act – known as COBRA – offers a way for workers and their families to maintain their employer-provided health insurance during situations such as job loss, a reduction in hours worked, transition between jobs, divorce, and other life events. COBRA is a valuable lifeline for many. But if you are nearing age 65 and plan to enroll in Medicare, there are some things you need to know before you decide to elect COBRA coverage in order to avoid gaps in coverage – and potentially costly penalties.

Medicare Prescription Drug Coverage: 3 Things to Know

June 14, 2025
As with any health insurance, Medicare changes from year to year. However, the changes in Medicare’s prescription drug coverage for 2025 seem to have created more confusion than in years past. The Inflation Reduction Act (IRA) of 2022 Signed into law in 2022, the IRA went into effect beginning January 1, 2025. There was a lot of publicity around how the law would impact Medicare prescription drug coverage, and members received information via mail and email. Here are three of the biggest changes for 2025: 1. There is a $2,000 out-of-pocket maximum. Those with Part D plans through traditional Medicare and Medicare Managed Care Plans (Medicare Advantage Plans) with prescription drug coverage won't pay more than $2,000 over the calendar year in out-of-pocket costs for their prescription medications. There is a $590 annual deductible on most plans. Once you reach the $2,000 maximum you will pay $0 for Tiers 1, 2, 3, 4, and 5 drugs as long as they are in the formulary. (If a medication is not in the formulary, your doctor can apply for an exception.) The only cost you will incur is your monthly premium. Note that the $2,000 maximum includes your deductible, copays and what your insurance pays for. The IRA also eliminated the Prescription Drugs Coverage Gap – known as the “donut hole.” 2. Plan premiums are higher. It’s not unusual for monthly premiums to increase from year to year. However, all prescription drug plans are higher for 2025 because of the IRA – and in some cases the increases are sizable. The good news is that many people will see a significant drop in expenses because of the cap on out-of-pocket costs, as well as the elimination of the coverage gap. 3. You may be paying more for medications. The IRA resulted in changes to the prescription drug tiers as well, with certain medications moving from one tier to another in the formularies. Tiers are locked in for 2025, so it’s important to work with your pharmacist to determine the most cost-effective options. When reviewing your plans for 2026, keep in mind that each insurance company can change the formularies from one plan to another. Understanding your plan is a must. We tell our Medicare clients this all the time: when you receive your “Annual Notice of Change" (ANOC) document in September, you must read it carefully! It is surprising how many people simply toss these notices in a drawer or in the trash without reading them. Your ANOC contains detailed information about any changes in coverage and costs that will be effective in the following year. And if you are unhappy with the benefits your plan is offering – or unsure about what the changes will mean for you – THAT is the time to speak with an experienced Medicare agent who can offer guidance. Why? Because the Medicare Annual Enrollment Period (AEP) begins in mid-October. Those currently enrolled in Medicare will have the opportunity to change their current Medicare Managed Care Plans (Medicare Advantage Plans) or stand-alone prescription drug coverage.  Navigating the Medicare maze can be challenging. Whether you are new to Medicare or exploring other plan options, it can be overwhelming to figure out which coverage is best for you. But you don’t have to do it on your own. With over 20 years of experience, we promise you an honest and eye-opening conversation about how Medicare works and a clear understanding of what your choices are. And we never charge for our services. Call Bruce or Marcia at 973-628-0694 to schedule a complimentary consultation.

Medicare Basics: The A, B, C, and D of Coverage

June 14, 2025
We’ve summarized the basics of Parts A, B, C, and D to help you understand how Medicare works. Part A: Hospital Insurance Part A helps cover inpatient care in hospitals, skilled nursing facility care, hospice care, and home health care. Part A is sometimes called “premium-free Part A” because the premium in $0 if you have been working for at least 40 quarters or 10 years, and paying your Medicare taxes. If you have health insurance from an employer, you only need to sign up for Medicare Part A. However, if the company you work for has less that 20 employees, you must also enroll in Part B. Part B: Medical Insurance Part B helps cover the costs of services from doctors and other health care providers, including outpatient care, home health care, durable medical equipment, and many preventive services like screenings, vaccines, and yearly wellness visits. There is a monthly premium for Part B. The amount is based on your adjusted gross income and it can change from year to year. For 2025, the minimum monthly premium is $185 each. The Part B deductible for 2025 is $250 for the calendar year. If you did not sign up for Part B and are planning to retire, you will need to provide Social Security with a form completed by your company confirming that you are no longer covered under their health plan. Part C: Medicare Managed Care Plan /Medicare Advantage Part C – also known as a Medicare Managed Care Plan or Medicare Advantage Plan – offers an alternative to Original Medicare (Parts A and B). These plans are run by private insurance companies approved by Medicare. Medicare Advantage Plans provide coverage for hospital stays and medical services. You need to be enrolled in Medicare Part A and B to purchase a plan (Medicare Advantage plans do not replace Part A and B.) Many plans offer additional benefits such as vision, hearing, dental, or wellness programs. Medicare Advantage Plans differ in their costs, benefits, and network restrictions. Some have a $0 premium, others charge up to $150 a month. We advise clients that the key consideration in purchasing a plan is ensuring that your doctors are in the network. Part D: Prescription Drug Coverage Part D helps cover the costs of prescription medications. This optional coverage is administered by private insurance companies that contract with Medicare. If you are enrolling in Original Medicare and/or a Supplement (Medi-Gap) Insurance plan, you will need to purchase a standalone Part D prescription drug plan at same time. Complete this step whether or not you are currently taking medication! Otherwise, you may have to pay a lifetime penalty should you need coverage down the road. While there are some exceptions, most Medicare Advantage plans include a prescription drug plan. We’ve explained the 2025 changes to Part D coverage in our March blog. Get the answers and the coverage you need. The Medicare landscape is constantly changing and so are your healthcare needs. Whether you are new to Medicare or exploring your plan options, working with an experienced Medicare agent can help you avoid confusion and – the frustration of not getting answers to your questions. With over 20 years of experience, we promise you an honest conversation about how Medicare works and what coverage might be best for you. We are never too busy to take your call or help resolve your issues, and we never charge for our services. Call Bruce or Marcia at 973-628-0694 to schedule a complimentary consultation.