Should I Enroll in Medicare When I’m 65 and Still Working?

Attention! Medicare Annual Enrollment (AEP) ends on December 15th! Have you enrolled yet?

Are you 65? Still working? What should you do when enrolling in Medicare? You can find the answers to all those questions, and more, on this episode of Medicare Moments! Listen to this podcast for the best Medicare advice from the resident Medicare expert, Toni King.

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Changes a Medicare Beneficiary Can Make During the Annual Enrollment Period

• Enroll in a Medicare Part D prescription drug plan.
• Change from one Part D plan to a new Part D drug plan.
• Enroll in a Part C Medicare Advantage plan that includes prescription drugs 
• Change from one Part C Medicare Advantage Plan (with or without a prescription drug plan) to a new Part C Medicare Advantage plan
• Return to Original Medicare and purchase a Medicare Supplement and enroll in a stand-alone Part D Medicare prescription drug plan
• Return to Original Medicare only and enroll in a Part D Medicare prescription drug plan
• Return to Original Medicare with no Part D plan (don’t forget, there’s a penalty for not enrolling in a Part D plan when first eligible!)
• For those who already have either a Medicare Advantage plan with or without prescription drugs or a stand-alone Part D plan, Medicare’s Annual Enrollment is the time to make sure your drug plan or Medicare Advantage plan still meets your needs, especially if you’ve had any changes to your health.

Medicare Annual Enrollment

Confused about whether a new Medicare plan is right for you? Chapter 6 of the Medicare Survival Guide Advanced Edition details various situations during Medicare’s Annual Enrollment Period, such as “still working past 65” or “doctor not accepting my Medicare Advantage plan.” Now is the time to explore your options!

Visit Medicare.gov to view 2023 Medicare Part D and Medicare Advantage plans with enrollment starting Saturday, October 15. The website has a tool for helping you narrow your search for new Medicare Advantage and Prescription Drug plans. 

It is wise to verify every year that your prescription drugs are covered on your Part D Medicare Prescription Drug plan. Medicare Advantage or Prescriptions Drug plans can change their prescription drug formulary each year and if your prescriptions are not covered for the next year, you may have to pay 100% of that prescription out of your pocket if it is not covered on your Part D plan. 

Have a Medicare concern or question? Please email the Toni Says® office at info@tonisays.com.

Buy Toni’s new book

Toni’s new book Maze of Medicare is now available at www.tonisays.com. Combining Scripture with Medicare, it’s the only book of its kind. ORDER TODAY!