If you are working and receive group insurance that is considered “credible coverage,” then you can delay your Medicare Part B & D coverage until you are ready to get back on it.  Having credible coverage eliminates penalties that Medicare charges, however, there is a process that you must go through to obtain Medicare Part B (Medical) and Part D (Prescription Drugs).  The information can be found on the Medicare.gov website.  Or you can visit these links:

https://www.cms.gov/Medicare/CMS-Forms/CMS-Forms/Downloads/CMS40B-E.pdf  (entire form must be filled out by you)

https://www.cms.gov/Medicare/CMS-Forms/CMS-Forms/Downloads/CMS-L564E.pdf  (Top half must be filled out by you, and the bottom half has to be filled out by your employer – usually the benefits administrator)

Once both these forms are completed, then you will need to either mail these forms or bring them to your local Social Security office.  Once Social Security receives these forms, it usually takes 2-4 weeks to process and send a request to Medicare to enroll you in Part B.

Once you have Medicare A & B in place, you can either chose a Medicare Supplement plan, and a Medicare Part D Plan, or a Medicare Advantage Plan.  Most Medicare Advantage Plans offer Part D with it.  To understand your choices, it’s best to speak with an Insurance Agent knowledgeable and certified to sell Medicare.

You can visit the Medicare.gov website for more information.

This information is brought to you by The Medicare Lady, Darlene Swaffar at seniormedicalchoices.com.