Ask Terry Questions Medicare sign up at age 65

Medicare sign up at age 65

By Terry Savage on February 22, 2024 | Insurance & Annuities

I will turn 65 in April and am still working full time and have health benefits through my employer. Do I need to sign up for any part of Medicare at this time? I’ve heard if I don’t do something by the time I turn 65, regardless if I am still working or not, I have lost the chance to sign up for Medicare moving forward. Is that true? Thank you for your help!

Terry Says

You should sign up for Part A when you reach age 65. It doesn’t cost anything, so you might as well. In fact, ask your employer if that is required — which it might be requiring Part A as the primary payer once you are eligible.
You don’t have to sign up for Part B until you lose your employer coverage. Then do so immediately so there is no gap. And at the same time, you will be eligible to immediately sign up for the best supplement plan (G),and your part D drug benefits.
One other thing: If your company offers an HSA, you can no longer contribute once you’re eligible for Medicare. Ask your HR department.



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