Keep Employer Coverage or Switch to Medicare? How to Decide
If your employer has 20+ employees, you can keep employer coverage and delay Part B. Compare your employer plan costs and benefits against Medicare plus supplemental coverage. When you do switch, coordinate the timing carefully to avoid gaps.
When This Applies
- You are 65+ with employer coverage and considering Medicare
- You want to compare costs between employer plan and Medicare
- You are planning your retirement transition
- You need both prescription drug and medical coverage
Frequently Asked Questions
- Can I have both at the same time?
- Yes. Many people have both employer coverage and Medicare. The coordination rules determine who pays first.
- What about drug coverage?
- Check whether your employer drug plan is creditable. If switching to Medicare, you'll need a Part D plan or Medicare Advantage with drug coverage.
- How do I time the switch?
- Coordinate your Part B start date with the last day of employer coverage. Apply for Part B 1-2 months before your target date.