Can I drop my employer’s health insurance and go on Medicare?

People nearing the age of 65 or over the age of 65 wonder about Medicare and the coverage they can get. Can I drop my employer's health insurance and go on Medicare? Read more to find out the specifics of employer insurance and Medicare and to learn how to find the most affordable life insurance rates in your area.

Are you looking for free insurance quotes?

 Secured with SHA-256 Encryption

D. Gilson is a writer and author of essays, poetry, and scholarship that explore the relationship between popular culture, literature, sexuality, and memoir. His latest book is Jesus Freak, with Will Stockton, part of Bloomsbury’s 33 1/3 Series. His other books include I Will Say This Exactly One Time and Crush. His first chapbook, Catch & Release, won the 2012 Robin Becker Prize from Seve...

Full Bio →

Written by

Leslie Kasperowicz holds a BA in Social Sciences from the University of Winnipeg. She spent several years as a Farmers Insurance CSR, gaining a solid understanding of insurance products including home, life, auto, and commercial and working directly with insurance customers to understand their needs. She has since used that knowledge in her more than ten years as a writer, largely in the insuranc...

Full Bio →

Reviewed by Leslie Kasperowicz
Farmers CSR for 4 Years

UPDATED: Dec 17, 2020

Advertiser Disclosure

It’s all about you. We want to help you make the right coverage choices.

Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance provider and cannot guarantee quotes from any single provider.

Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.

Editorial Guidelines: We are a free online resource for anyone interested in learning more about insurance. Our goal is to be an objective, third-party resource for everything insurance related. We update our site regularly, and all content is reviewed by insurance experts.

The Highlights

  • People aged 65 and older, or people with certain disabilities, are eligible for Medicare coverage.
  • There are two parts to Medicare, Part A, and Part B.
  • Most people should sign up for Medicare Part A coverage as soon as they are eligible despite other health insurance policies they may have at the time.
  • Part A Medicare coverage is hospital insurance and covers the costs of hospital and short-term nursing-home stays.

More people are working at the age of 65 than were in previous generations when Medicare was first written into law. You may be still be working and receiving employer health insurance when you turn 65 and become eligible for Medicare.

You may wonder, can I drop my employer’s health insurance and go on Medicare? Should I drop my health insurance through work and go on Medicare?

These are important questions to ask. We will go over key information that will help you make the best decision for your situation. When you’re ready to start comparing life insurance quotes in your area, enter your ZIP code above. If you’re not yet ready to buy life insurance, read on to learn more.

Should I drop my employer health plan and go on Medicare?

This is a question many people face. The answer isn’t completely simple, but we’re going to try and simplify it. There are two parts to Medicare, Part A, and Part B. Part A is hospital insurance.

This covers the costs of hospital stays, etc. Most people who have been working and paying into Medicare throughout their life qualify for free Part A coverage.

Part B covers the costs of medical services, doctor’s visits, etc. Medicare Part B costs money every year in health care coinsurance. When you turn 65, you should sign up for Part A coverage whether or not you have employer health insurance since you will likely get this coverage for free.

Are you looking for free insurance quotes?

Your one-stop online insurance guide. Get free quotes now!

 Secured with SHA-256 Encryption

The real question is whether you should sign up for Part B coverage if you already have employer health insurance coverage. If you work in a place with less than 20 employees, you should sign up for Part B coverage when you become eligible.

However, if you work in a bigger company with more than 20 employees, you should see your human resources representative and find out if you are currently on a group health care plan. If so, you should delay getting Part B coverage.

What happens if I don’t get medicare?

If you don’t get Medicare when you become eligible and you try to get Medicare later, you could be charged a late fee for failing to enroll. If you know you are going to stick with an employer health plan, reach out to Medicare and file for a delay in coverage so you are not penalized later.

Medicare coverage is a great health insurance resource for many people. When you are ready to start comparing Medicare quotes in your area, enter your ZIP code below. Which life insurance company is for you? Find out now.

References:

  • https://www.medicare.gov/sign-up-change-plans/how-do-i-get-parts-a-b/should-i-get-parts-a-b

Are you looking for free insurance quotes?

Your one-stop online insurance guide. Get free quotes now!

 Secured with SHA-256 Encryption