Can I Drop My Employer Health Insurance and Go on Medicare? - Trusted Senior Specialists

Employer health insurance and Medicare are both viable options for health insurance, but is one better than the other? Is it possible to drop one insurance policy and rely solely on the other for your health insurance needs? Let’s go over these questions and discuss the possibilities.

Employer Health Insurance

Many people have employer health insurance, whether it be through their own work or their spouse’s. If you have employer health insurance but aren’t satisfied with the coverage, it’s completely possible to drop it and enroll in Medicare.

Special Enrollment Periods

Enrolling in Medicare can only be done during certain times. The Medicare enrollment process is fairly strict and they make sure that enrollment periods are upheld. An Initial Enrollment Period is granted to those enrolling in Medicare during the three months before or after their 65^th birthday. In some cases, such as being enrolled in employer health insurance, the individual will be granted a Special Enrollment Period. This enrollment period means that the individual can forgo Medicare enrollment until they’ve dropped their employer insurance.

Taking advantage of Special Enrollment Periods is incredibly important if you have employer insurance. If you’re unsure about whether or not you qualify for a Special Enrollment Period, give us a call and we can help you figure out the best plan for your situation.

Enroll in Original Medicare or Medicare Advantage? We Can Help You Decide

It is completely possible to drop your employer health insurance and enroll in Medicare instead. If you’re planning on doing this, you’ll need to decide whether to enroll in Original Medicare or Medicare Advantage. If you prefer being able to select your areas of coverage, then Medicare Advantage is probably the best option for you. If you’re looking for a basic level of coverage, consider enrolling in Original Medicare.

Medicare is an excellent option for health insurance. It’s cost-effective and will give you access to dedicated health professionals in your area. If you’re still wondering whether Medicare is right for you, make an appointment today to speak with a member of our team. We’re here to answer your questions and provide support when selecting the right Medicare plan.

Choosing an insurance policy doesn’t have to be confusing or stressful, especially when working with a trained insurance professional. At Trusted Senior Specialists, we understand the importance of selecting the right policy, so we prioritize our clients and make it our mission to put them first.