Retirement and Health Insurance: Understanding Medicare
An important part of planning for your retirement is making sure you have a plan to cover your health care expenses. High medical costs can be a big problem if you do not have the right coverage in place. Today more than ever, people approaching Medicare eligibility have a number of decisions to make and many coverage options to consider. Whether you enroll in Medicare when you are first eligible or plan to wait and delay your enrollment, it’s important to understand how Medicare works, what it does and doesn’t cover, the different enrollment timeframes — and to know what your options are.
We’ve created this guide to help simplify things. The more you know, the better equipped you’ll be to make important health care coverage decisions.
- Retiring at age 62
If I retire at age 62, am I eligible for Medicare at that time?
- Retiring at age 65
When should I apply for Medicare?
- Retiring at age 66 or older
Can I apply for Medicare after I turn 65?
- Still Working
How does working past my full retirement age affect my Social Security and Medicare benefits?