Turning 65? What You Should Know

The age of 65 is an important time to take stock of progress in meeting pension goals in general, to make important decisions about Medicare supplement plans 2021 and Social Security, and to take advantage of special savings opportunities. If you already receive Social Security benefits, you can enroll in Medicare Part A or Part B to receive your Medicare card when you turn 65, or if you enroll in Medicare in the month you turn 65 and receive Social Security benefits until that month.

If you are still working and do not want Part B yet, you can send in your card and have it reissued only for Part A, or have it reissued if you do not want Part B yet.

If you already receive Social Security benefits, you can get Medicare Part A and Part B simultaneously. You get your Medicare card, but you only get it if you are eligible for it for the first time and are not required to register. If you receive benefits through the Railroad Retirement Board (RRB), you must be 65 years of age or older.

If you received Social Security before age 65, you can enroll in Medicare A and B at the same time. Medicare will send you a welcome Medicare package 3 months after your 65th birthday. If you have not yet received your Social Security benefits, you must sign up for Medicare Part A or Part B either through Social Security or the Social Security Administration.

You must contact the Social Security Administration to confirm your eligibility date and if you have questions about eligibility for Medicare Part A or Part B or any other part of the Medicare program.

You are eligible for the premium – free Part A if you are 65 or older and you and your spouse have paid or worked Medicare taxes for at least 10 years. If you or your spouse have been in employment where you have retained or included self-employment, paid your own taxes, you are automatically eligible for Medicare at age 65. In some cases, you may also be eligible for Premium – Free Part B if your wife or husband or spouse has worked for you or worked in your job for a year or more and withholds or includes your own taxes, Medicare taxes and / or Social Security taxes on your Medicare payments before the age of 65, but not thereafter.

Note: You only have to accept Medicare Part A, which is premium – free if you get Social Security benefits to keep it. Most people are unwilling to give up their Social Security benefits and accept enrollment in Medicare.

You are allowed to opt out of Medicare Part B with a premium if you choose to, though you face a late enrollment penalty unless you choose to enroll in Part A at a later date. If you decide to move enrollment to a part of Medicare, it is important to understand the penalties and enrollment restrictions that apply to you if you decide to enroll in the future.

If the reason for your delay is that your spouse is still working and your employer’s health plan covers you, there are no penalties associated with delaying your Medicare enrollment. If this is the case, you would receive only Part B coverage for the next three years after signing up for Medicare. There’s no penalty for not being eligible for premium – free Part A coverage, even if you’re not eligible to sign up when your spouse (or whoever, wherever you get coverage) eventually retires.

If you sign up for Medicare Part B health insurance during the first enrollment period, then you would begin coverage by July of this year. If you wait, you would have to wait until the end of the first three years of your Medicare eligibility period (July 1, 2017).

If you have to pay for Medicare Part A, you will have to pay the lifetime penalty for late enrollment in Medicare, and your premiums may increase by 10 percent or more. If you are enrolled in Medicaid Part B, you can purchase a covered California health plan during the first enrollment period (July 1, 2017 through June 30, 2018).

They are automatically enrolled in Medicare each month and will be eligible for Medicare benefits for the disabled starting this month. You can also qualify for Medicaid Part B, which, depending on your income, could also reduce your plan costs during the first enrollment period (July 1, 2017 to June 30, 2018).

If you have not yet received benefits or benefits from the railroad pension system, you can be eligible for Medicare three months before your 65th birthday. In this case, your enrollment is not automatic, but you must apply for Medicare at age 65 if you qualify. Note: To qualify for Medicaid Part B or Medicare Part D or any other health insurance plan, you must also be a member of the U.S. Department of Health and Human Services (HHS) if you qualify after age 65. In these cases, you are not automatically enrolled in Medicare, Medicaid, Medicare for the Disabled or other insurance plans