How Do I Transition From My Employer Health Plan to Medicare?

Medicare is primarily intended for those that are retired.  65 is the typical enrollment age and the first time when many are eligible.  While Medicare is a valid option for sole health insurance enrollment, it is possible to be dually enrolled in another health insurance policy.

Those still receiving health coverage from their employer may choose to keep that coverage while simultaneously enrolling in Medicare.  This is an excellent option, as one policy will not affect the other.  Choosing to be enrolled in both policies may mean you have access to a wider variety of care and can potentially save even more money when it comes to medical bills.

If you’re enrolled in multiple health insurance policies, then it’s possible that one will cover something the other doesn’t.  Having this option is one that many choose, as it provides even more possibilities and allows individuals to have a greater variety of choices when it comes to health situations.

Switching to Medicare

If you’re ready to make the switch from your employer health insurance to Medicare, there are a few simple things that should be done.  Medicare enrollment is fairly simple when done correctly.  One of the most important things to do is research.  Making sure that you understand the process and requirements are essential in enrolling correctly.  

If you’ve been researching and you still have some questions, feel free to make an appointment to speak with a local insurance agent.  They can walk you through the process and provide personalized guidance for your particular situation.  Being willing to ask questions and get the necessary answers is an important step in making an educated choice.

Enrollment

Even if you have another health insurance policy, it’s typically best to enroll in Medicare during your Initial Enrollment Period.  Failing to do so could result in penalties and increased premiums, which could impact you for the remainder of the time you’re enrolled in Medicare.  

If you have employer health coverage, it may be possible for you to get a Special Enrollment Period.  This means that you wouldn’t necessarily need to enroll at 65 and could enroll once you leave your other health insurance policy.  While this may be an option for some, it’s typically still best to enroll at 65, when you’re guaranteed to not have any additional costs.

Know which policy you want to enroll in?

Selecting your policy before you actually have to enroll can reduce stress and give you a better idea of how much you’ll need to pay.  Making the right enrollment decision is essential, as it can be difficult to switch between policies.

If you’re not sure which policy is right for you, give us a call.  We can examine your current health insurance coverage and try to find a comparable Medicare policy.  Medicare can be complicated, but it doesn’t have to be stressful.  Let us help you in every step of the process.

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