![]() ![]() You’ll need to take action when your employer-sponsored insurance ends. If you decide to stick with employer-sponsored coverage without signing up for Medicare Part B, make sure you know when your coverage will end. (If you’re receiving Social Security or those benefits, and you want to delay Medicare Part B, follow the instructions that come with the Medicare card you’ll receive near your 65th birthday or call Social Security at 80.) In those cases, unless you’re already receiving Social Security or Railroad Retirement Board benefits, you don’t have to do anything when you turn 65. If you choose not to sign up for Medicare Part B right away and you’re covered by employer-sponsored insurance (yours or your spouse’s) from a company with 20 or more employees, you won’t need to pay the Part B late enrollment penalty. You can choose to have both Medicare Part B and employer insurance, or you can choose to delay enrolling in Part B while you’re covered by the employer plan. In other words, COBRA isn't the same as if you were covered under a large employer health plan. ![]() COBRA beneficiaries aren't eligible for the special enrollment period. Otherwise, you’ll pay the Part B penalty. You still need to sign up for Medicare Part B if you’re receiving health care continuation coverage under COBRA. It’s also when people who miss the deadline for initial enrollment can sign up. 1 through March 31 every year and is the time when people who are already receiving Medicare benefits can make limited changes to their coverage. : This is when you’re allowed to join Medicare or make changes to your coverage based on specific life events, such as leaving a job or moving out of your plan’s coverage area. So if you turn 65 in July, you’ll have from April 1 to Oct. ![]() : This is the seven-month period starting three months before the month you turn 65, including your birthday month and ending three months after your birthday month. If you’re already receiving Social Security or Railroad Retirement Board benefits, you’ll automatically start receiving Original Medicare, Part A and Part B, the month you turn 65.Įveryone else must choose among these enrollment period options: ![]()
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