To add up to the Medicare confusion comes this question, “What happens if I enroll in Medicare, then go back to work using my employer’s insurance, then leave work again?” Well the answer is more simple than it sounds. It follows the same rule as if you had left work coverage after turning 65. You get a Special Enrollment Period which you can use to enroll back into Medicare.
Special Enrollment Period for Enrolling back into Medicare after leaving work coverage.
Medicare’s Special Enrollment Period will grant you two full months to enroll in Medicare after leaving your employer’s insurance even if you already had Medicare previously. Even better, you will not have to pay any late-enrollment fees or penalties. You may also want to get a Medigap Plan (Medicare Supplement), for which you will have 63 days and guaranteed issuance, meaning the insurance companies have to approve your application.
Plain Language Recap
You can leave your Medicare, Medicare Advantage, Medigap, and/or Drug coverage, go back to a plan offered by your work and then return to Medicare, Medigap and Drug plan with no penalties or waiting period and Medical-based approval. When you are ready to come back to Medicare and supplemental coverage, make sure you do so within 63 days of leaving your new work coverage. Oh and make sure you call Senior65 to help you enroll in your new plan. Our number is 800-930-7956.