Futurity First — Medford, OR
516 Crater Lake Ave, Medford, OR - 97504
RETIRING OR
LEAVING EMPLOYMENT
Your employer can provide information about when workplace coverage ends. A Medicare advisor can help you understand how that timing affects your Medicare choices and what additional coverage may be appropriate.
When Should You Enroll?
If you delayed Medicare Part B because you had qualifying health coverage through your or your spouse’s current employment, you may qualify for a Special Enrollment Period.
You can generally enroll:
-
While you are still covered by the employer plan
-
During the eight months after the employment or employer coverage ends, whichever happens first
Your Medicare coverage will generally begin the month after Social Security receives your completed enrollment request.
Before Your Employer Coverage Ends
Take Time To
-
Confirm the final date of your current coverage
-
Ask how retirement affects coverage for your spouse or dependents
-
Review your doctors, prescriptions, pharmacies, and healthcare needs
-
Decide whether you prefer Original Medicare or Medicare Advantage
-
Compare prescription drug and supplemental coverage options
-
Gather documentation showing that you had employer-sponsored insurance
-
You may need Form CMS-40B to enroll in Part B and Form CMS-L564 to verify your previous employer coverage.
Other Important Considerations
Employer coverage, retiree insurance, COBRA, Health Savings Accounts, and Medicare can interact in different ways. The timing of your enrollment may affect your coverage, costs, and ability to contribute to an HSA.
Do not assume your employer or retiree plan will automatically coordinate everything for you. Confirm your deadlines and effective dates before your current coverage ends.
Plan Before Your Last Day of Work
Futurity First Medicare can help you review your timeline, understand your coverage options, and prepare for the transition from employer insurance to Medicare.