If you’re over 65 years old and you’re still working, it’s important to know about Medicare. Here are the basics about how to apply for Medicare when you’re still working.
What are the requirements to apply for Medicare when you’re still working?
There are a few things you’ll need before you can apply for Medicare, including proof of identification and social security numbers. You’ll also need to provide your employer with a Form W-2, which will show your income and Social Security information. Finally, you’ll need to complete an application form, which can be found online or at your local Social Security office.
What are the benefits of Medicare?
If you’re 55 or older, Medicare is an excellent way to get health care. Here are some of the benefits:
• Medicare pays for most health care costs.
• You don’t have to pay premiums.
• You can get Medicare coverage whether you’re working or not.
• You can use your Medigap plan if you have one.
If you’re already receiving Social Security benefits, Medicare will supplement them. Most people qualify for Medicare if they’ve worked at least 10 years and paid FICA (Federal Insurance Contributions Act) taxes for at least five of those years.
How to apply for Medicare when you’re still working?
If you’re age 65 or older, you may be able to continue working and still receive Medicare benefits. Here’s how to apply:
1. Start by contacting your employer. Let them know that you’re interested in continuing to receive benefits through Medicare. You can find contact information for your employer on the Social Security Administration website.
2. Visit the Social Security Administration website and create an online account. This will allow you to access your personal records and make changes to your eligibility information.
3. Log in to the SSA website and search for “Medicare.” On the “Medicare” page, click on the “Apply Now” button. This will take you to a new page where you can begin the application process.
4. Answer a few questions about your health and medical history. You’ll also need to provide information about any income you’ve earned since becoming eligible for Medicare benefits (you may be required to submit tax returns). If you have assets outside of your home, you’ll need to list those as well. You can find more information about applying for Medicare on the SSA website.
5. After completing the application process,
What if you don’t meet the requirements?
If you are still working, but you don’t meet the requirements for Medicare, there are a few things you can do. First, see if your employer offers Medicare coverage. If not, you may be able to buy a private health insurance plan that covers Medicare. You can also consider getting a Medicare supplement plan.
If none of these solutions work, you may be able to qualify for a Medicare waiver. A waiver allows people who don’t meet the requirements for Medicare to get coverage through the program. There are certain things you must do to qualify, and it’s important to contact the Medicare office in your area to find out more about eligibility.
What are the penalties for not applying for Medicare when you’re still working?
If you’re age 55 or older, and have worked for at least 10 years since your last full-time job, you are automatically eligible for Medicare. However, there are penalties for not applying if you’re still working. If you delay applying until after you retire, you may have to pay a penalty of up to 5% of your assets.
What are the benefits of applying for Medicare when you’re still working?
There are a number of benefits to applying for Medicare when you’re still working. In most cases, you’ll be able to keep your health insurance and receive benefits like prescription drugs, mental health care, and hospitalization coverage. Although there may be some restrictions, you’re likely to be able to keep your current doctor and insurance plan. Additionally, by applying for Medicare while you’re still working, you can avoid paying expensive premiums later on.
If you have questions about how to apply for Medicare or if you need help completing the paperwork, contact a local health center or Medicare enrollment helpline.
Conclusion
If you’re 55 or older and are still working, it’s time to start thinking about Medicare. In this article, we’ll outline the steps you need to take in order to apply for Medicare when you’re still working. We’ll also provide some tips on how to make the process as smooth as possible so that you can start enjoying the benefits of Medicare as soon as possible. If you have any questions about applying for Medicare when you’re still working, don’t hesitate to reach out to us at our office.