if you're turning 65 and you're eligible for Medicare but you're still working what do you
do do you sign up for Medicare do you wait until you're finished working well this is
something a lot of people mess up so I'm going to make sure you understand exactly what to do
stay tuned okay let's talk about being Medicare eligible turning 65 but you're still working and
what do you do if you continue to work past age 65 so maybe you're just not quite ready to retire or
maybe you just can't retire you can't afford to retire so obviously these days a lot of people
work well past age 65 so certainly becomes an issue on what to do with their Medicare and I'm
going to help you out with that right now and I'm Keith Armbrecht I'm founder of Medicare on video
and I help people across the country with their Medicare choices and making sure we get all your
pieces in the right places so I hope you'll find this helpful especially if you continue to work
past 65 this is information aid you need to know and if you've watched any of my other videos I
hope you find those helpful as well and something I need to ask of you is if you don't mind it had
a comment below a video or below more than one video certainly subscribe to the channel this
is what makes YouTube put the videos in front of people that need to see them that they know that
they're valuable so if you found them valuable take just a minute and leave a comment subscribe
to the channel and you'll get updates as they come along so I try to do at least a couple few videos
a month and we cover everything that's Medicare so right now we're talking about continuing to work
past age 65 and there are a couple of different scenarios if you work for an employer that has
less than 20 employees it's different than if you work for an employer that has 20 or more
employers and so that line is 20 it's 20 or more or really 19 or less so that's the distinction
between the two categories and I can tell you it's a great area if you're right on that line
how do you know what your employer reports as a number of employees so if you're right on that
line where you work for a somewhat smaller company that has eighteen twenty to twenty five employee
you're gonna have to talk to your employer and see how he files with the government on
how many employees they have so let's talk first about less than twenty employees so if you work
somewhere there's 19 or less employees than again you know there are distinctions whether they're
1099 or part-time or full-time it's something the employer is gonna have to give you some guidance
on on how he is set up with his I believe it's a UTC six form on how they file for taxes things
like that so if your employer has fewer than 20 employees 19 or less Medicare would generally pay
first so if you're in this situation you pretty much want to come off your group plan and get
into Medicare because Medicare is going to be primary and the group plan would be secondary
and I can tell you in Medicare world there's no reason to have secondary so you want one or the
other in almost every circumstance so if you work at a company that has 19 or fewer employees you're
likely going to want to get off the group plan come age 65 going to Medicare so pretty easy to
understand it's just a little complicated figuring out how many employees there are at your company
if you work for a larger employer that has 20 or more employees in this scenario that health plan
the group plan that you're on now would be primary Medicare would be secondary so again we don't want
both of them because they really don't coordinate very well so if you work at a company that has 50
employees or hundred employees or 500 employees and you have a really good group plan meaning it's
got a decent deductible and decent coinsurance but more so that the employer is paying probably the
majority of your premium then you're probably going to want to stay on that group plan until
you're ready to retire so it's important to understand that and what we don't want to do
is start Medicare and stay on our group plan so if you work for a larger employer you and you
good benefits and they pay most of your way you're probably going to want to stay on the group plan
and not start Medicare so let's understand exactly kind of how that functions so if we are staying on
our group plan work for a larger employer good benefits good contribution so you don't pay much
for it then your part a Medicare is gonna start at 65 no matter what it doesn't make any difference
on part a party's kind of automatic so it really doesn't function into your decision whatsoever but
what you do not want to do is start Medicare Part B so if you're staying on your group plan at work
you do not want to start Medicare Part B until you are ready to retire and come into Medicare and the
reason for that number one there's a premium for Medicare Part B so you don't want to be paying a
premium on Part B when you don't need it and then number two Part B is a trigger when you start Part
B it acts as if you're turning 65 so let's say you stay on your group plan you work until you're 69
or 70 or 75 doesn't make any difference whatsoever and then you're going to retire and you're going
to start your Part B when you retire that makes it just like you're turning 65 coming into Medicare
you have an open window you can pick anything you want in Medicare and there are no health questions
so there's no qualifying they can't say no so super important to not start Part B until you
are ready to come into Medicare and if you're gonna stay on your group plan you're not ready
to come into Medicare so I just had not long ago a very nice 84 year old woman worked her entire
life and was retiring at 84 did everything proper started Part B when she retired and
it's just like she's turning 65 she has an open window does anything she want and it just worked
out perfectly I've seen many people start Part D before they were ready to come into Medicare and
what that does number one you got a a premium to pay and number two you can't get a Medicare
supplement unless you're completely healthy coming in so if you're staying on your group plan do not
start your Part B until you're ready to retire and coming to medical so you can see here when
you retire it's the same as if you're turning 65 now if you stay on your group plan there's
a couple more things you need to do when it's time to come into Medicare so if you know you're gonna
retire do this early because it takes a little bit of time to get everything in place you're
going to need an employer coverage form which you can find right on my website at Medicare on video
comments of the guides of form section I'm going to show you all about that in just a second here
on how to get there and all the other stuff that I have that you're gonna need coming into Medicare
but the employer coverage form shows that you had credible coverage previously which means you will
not have a penalty on Part B or Medicare Part D drug plans so you need this employer form you can
download it right on my website you can email it to your HR department they're the ones who
fill it out get it back to you and again this takes time so make sure we want to do this at
least a couple of months before you're going to retire so that when you do your Medicare is
going to start right away so I hope you found all this health fun will show you right now
everything else you can do on my website please do me a favor and leave a comment on the video
subscribe to the channel that way more people will get access to the information that they
need for coming in Medicare and I hope you have a fantastic day stay tuned and I'll show you about
the website I hope you found this video helpful and I'm certainly always happy to help with any
questions any issues that arise and they always do so feel free to give me a call or send me an email
you'll certainly want to visit my website I have a tremendous amount of information there for now and
in the future so just visit Medicare on video comm right in the middle you'll see is where you get a
quote for a Medicare supplement plan and this is obviously what I do for a living is I help people
make sure that we get the right plan at the right price with the right company whichever zip code
you're located in so you certainly want to run a quote on Medicare supplement plan you can also get
a free discount prescription drug card and I get really good feedback on this so you might as well
go ahead and download a prescription drug cart and it's likely gonna save you some money at the
pharmacy while you're there you want to go into the Resource Center and the Resource Center tab
is going to drop and what you'll find is guides and forms where I have pretty much any piece of
information that you need for Medicare right here so if you need something like the employer form
where you're going to retire and you're coming into Medicare and your employer needs to fill this
form out you can download it right on my website and then email it to your HR department get them
to fill it out so that you'll have it when you need it and you can also get a copy of my book
so you can download a copy of Medicare made clear and I cover just about every topic in Medicare so
it's great thing to have on your iPad or on your computer whatever it may be for now and again
in the future certainly very helpful to have now you're also in the Resource Center find the video
librarian if you click on video library takes you right to my youtube channel where I have over a
hundred videos on pretty much everything Medicare so now we've got so many it's kind of hard to find
what you're looking for but if you're looking for something specific just use the magnifying glass
at the top put in whatever topic you're looking for and it'll bring up the videos that relate to
that topic so it makes it easy to find exactly what you're looking for so I'm happy to help
with any of it and obviously I'd appreciate it if you allow me to help you with your Medicare
supplement plan that's what keeps this whole thing going and I'm happy to do it and we will make sure
that you get it right from the start so I hope you found all this helpful and have a fantastic day