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Active Employee Coverage and Medicare Part B: Medicare Customer Inbox

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Some Medicare enrollment questions come from workers who are working past the usual retirement page.

Here’s one of the most common questions of that type.

The Question

I’m over 65 and still working full-time. I get health coverage from my employer. If I stop working for the employer, how long do I have to enroll in Part B, whether I continue on my employer’s coverage or lose it?

The Answer

You have eight months from the day you are no longer actively working to enroll in Medicare Part B on the best terms.

If you enroll during this eight-month period, you will not incur a penalty for not enrolling when you should have.

If you miss the enrollment window, you could incur a penalty of 10% of the standard Part B premium for every full 12-month period you did not enroll but should have. This penalty will continue until you no longer have Medicare.

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Bethany CissellBethany Cissell is a health care insurance services specialist at Allsup.