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Medicare While Working Past 65

June 9, 2021

In this day and age, it’s common for many individuals to continue working past 65. Whether it’s a financial requirement that prevents you from retiring, or whether you have years of work left in you, knowing your options on Medicare while working past 65 is imperative.

Overall, your Medicare enrollment choices depend on a few factors. For example, how large is your company, and do you receive any health benefits from them? In this article, we will cover some of the significant parts Medicare enrollment. Signature Senior Solutions wants you to feel confident in your decision to either delay…or not delay Medicare.

To Delay…

One of the first steps to determine whether or not to delay is based on your company’s size. If you work for an employer with 20, or more, employees then you may be eligible to delay Medicare. The weighing factor is if your employer provides you with a group healthcare plan. With this, you can delay Medicare without penalty until you’re ready retire.

Furthermore, if you already have creditable coverage under your employer, you probably already have a coverage plan for prescription drugs. If you plan to continue with your employer’s healthcare plan, and you receive prescription drug coverage, then it may be worthwhile to delay your Medicare Part D.

What Delaying Looks Like

If you chose to continue coverage with your employer past the age of 65, then you will have a different enrollment process.

Normally, if you were to not to delay enrollment, you would enroll during the Initial Enrollment Period (IEP). This is a seven-month window begins 3 months before your 65th birthday, and ends 3 months after you birthday month.

However, if you are planning to delay medicare while working past 65, then you will enroll during a Special Enrollment Period (SEP). The SEP is an eight-month window that begins when you or your spouse retire, or when your employer coverage expires. Here’s a bonus: Medicare may credit you for having employer coverage until you retire.

Delaying Medicare can impact the many parts that are under its umbrella. We’ll go into the details of the three most common parts: Medicare Part A, Part B, and Part D.

Medicare Part A

Here’s the scoop: No matter what, enroll into Part A. Why? Part A can play as secondary to your employer healthcare coverage if you have a hospital stay.

Even if you plan to delay Medicare, consider enrolling into Part A. If you have a long work history, you’ll likely qualify. Also, since this Medicare part is of no cost to you, why not?

Applying for Part A is easy. Just remember to delay Part B if you’re still moving forward with working past 65.

Medicare Part B

Let’s review: If you’re planning to delay medicare while working past 65, then enroll into Part A, but delay Part B. However, make sure you qualify in delaying Part B.

Remember, if you work for a company smaller than 20 employees, then you will not qualify in delaying Part B. Instead, you will incur late enrollment penalties. Signature Senior Solutions suggests that you enroll in Medicare during the Initial Enrollment Period.

Medicare Part D

By default, if you have delayed Parts A and/or B, you have also delayed Part D. Keep reading to find out why you’ll want to enroll in Part D when you’re ready to enroll after retirement (see below).

…or Not Delay?

On the other hand, if you work for an employer that has less than 20 employees, it is not recommended to delay Medicare. The reason? You could be penalized.

Even if you have a group healthcare coverage at your current employer, you could potentially create a tangle with Health Savings Accounts (HSA), or you could be subject to incurring up to 10% penalty fees. If you work for a company with 20 employees or less, apply for Medicare and enroll into Parts A and B. You can still keep your group coverage–Medicare will become your primary, and your employee coverage will become secondary.

How to Enroll After Delay

The following tips are meant to guide you when you are ready for the Special Enrollment Period:

Part A--Enrolling in Part A online is easy, and can be done during the IEP or SEP.

Part B–This part requires more run around. First, your employer will need to complete Form CMS-40B and Form CMS-L564. You can find these forms at You’ll need to either visit or mail in the forms to your local Social Security office.

Part D–Even though Part D is optional, and even if you currently do not use prescription drugs, it may be in your best interest to enroll. Enrolling could provide you coverage when your health changes, and you could avoid penalties for signing up late.

Helpful Hint: If you’re planning on enrolling into Medicare Advantage Plan (Part C or MAPD), then please give the experts of Signature Senior Solutions a call.

Working Past 65

We love the quote, “Retirement is not the end of the road, it’s the beginning of the open highway.” Securing a successful retirement is part of the American Dream. Whether you plan to squeeze in a few more years to boost your pension, or you’re ready to hang up your hat for good, it’s important to understand your Medicare options.

Let Signature Senior Solutions help you plan for your retirement, so that your transition from the workplace to your post-work years will provide you with the best coverage possible.

Do you need help with delaying Medicare? Schedule a free consultation now!