I know, you’re planning on working forever, right?
Either you like your job and don’t want to retire any time soon. Or, you need something to keep yourself busy, since you think you’d have nothing to do in retirement and get bored senseless within a month. Maybe you feel like you can’t afford to retire financially.
Whatever your reason for working past 65, eventually you’ll get to a point where you do need to retire. It may be because you can’t take the office politics anymore. Or maybe you need to stay home and take care of a loved one whose health is failing.
When you get to that point, you’ll need to get signed up for Medicare and figure out what you need to do about secondary insurance. This article is to help prepare for that transition to be as smooth as possible.
So whenever you do leave your (or your spouse’s) employer’s group health plan…
If you’re still working, or your spouse is still working, and you’re still covered under that group plan when you turn 65 you may think that you don’t need to do anything about Medicare.
You’ll worry about that when it’s time, right? Not so fast.
Ignoring your options or not taking any action can result in thousands of dollars of unnecessary expenses, and can limit your options later when you do decide to make Medicare your primary insurance...