Although there are general rules surrounding Medicare enrollment, if you and/or your spouse remain working beyond the age of 65, the timing for enrollment in Medicare Parts A and B has some nuance to it. In addition, if you remain working and contribute to a Health Savings Account (HSA), there may be tax implications.
As always, a customized assessment of your unique situation and that of your spouse is critical to making the right decisions at the right time.
This article discusses some of the issues.
This article provides insight on speaking with your employer if you are over the age of 65 and remain working.
Finally, I’m often asked if I recommend HMO plans through the ACA marketplace or through Medicare Advantage Plans for Medicare recipients. My standard answer is, “It depends on individual circumstances.”
Overall, my goal for individuals choosing these plans is for them to fully appreciate the guidelines and restrictions involved. This allows them to work within them and to anticipate and budget for out-of-pocket costs that will occur as care is accessed.
More on this topic, here.