If you’re like most of us, you’ve probably been thinking about your health quite a bit lately — especially if you’re approaching retirement. Trust me, I understand. Anticipating your future medical costs can feel daunting. When it comes to your health, Medicare may be an important part of your retirement strategy.
Age Matters Outside of certain unique circumstances, Medicare has strict rules governing when you become eligible for the program. In general, you can apply for Medicare:
As early as three months before the month you turn 65
During the month you turn 65
Up to three months after the month you turn 651
Secondary Coverage If you’re actively working but meet the requirements above, Medicare can still be useful. That’s because if you have insurance through your employer at the time you apply, Medicare can become your secondary insurance. If you are still working, be sure to check your company policy regarding the transition of employees to Medicare.2
No matter what you decide, you have choices regarding your healthcare expenses in retirement. As always, if you have any questions or want to chat about your options, please don’t hesitate to reach out.