Retiree Benefits and Medicare
WebMD Medical Reference
Even if you get health benefits after you retire, you still should sign up for Medicare Part A and Part B.
Medicare Benefits for Retirees
After you turn 65 and are retired, Medicare pays your health care bills.
Your retiree benefits help pay for things that Medicare does not cover. Many retirees are tempted to give up their retiree benefits because they think that Medicare will cover all their expenses. But make this decision carefully. If you give up your retiree benefits, you may not be able to get them back.
If you are still working, Medicare pays first for your health care bills if:
Your employer health insurance pays your health care bills first if:
If you are still working, you can choose to opt out of Medicare Part B if you have adequate coverage through your employer. When the coverage from your employer ends, you will be eligible for a special enrollment period for Medicare Part B. During this time, you can enroll without paying the penalty normally charged to people who sign up late.
Steps to Take