Retiring and Medicare

What You Must Know About Medicare when you Turn 65 in 2026

Retiring and Medicare

Turning 65? Here’s What You Need to Know About Medicare When You Retire
Retiring at 65 is a major milestone—and understanding how Medicare works when you retire is a key part of making that transition smooth.
Medicare is the federal health insurance program for people age 65 and older. Enrollment isn’t automatic for everyone, so knowing your options ahead of time can help you avoid gaps in coverage or costly penalties.
The Basics of Medicare
Part A (Hospital Insurance): Covers inpatient hospital stays, skilled nursing facilities, and some home health care. Most people don’t pay a premium.
Part B (Medical Insurance): Covers doctor visits, outpatient care, preventive services, and medical equipment. This comes with a monthly premium.
Part C (Medicare Advantage): An all-in-one alternative to Original Medicare offered by private insurers, often including dental, vision, and prescription coverage.
Part D (Prescription Drug Coverage): Helps cover the cost of medications.
When to Enroll
Your Initial Enrollment Period starts 3 months before your 65th birthday, includes your birthday month, and ends 3 months after. Missing this window could result in late-enrollment penalties—especially if you don’t have other qualifying coverage.

Still Working at 65?
If you or your spouse have employer health coverage, your enrollment decisions may differ. Some people delay Part B without penalty, but this depends on employer size and plan type.
Planning Ahead Pays Off when thinking of Retiring and Medicare.
Medicare choices affect your healthcare costs, provider access, and coverage for years to come. Taking time to review your options—or speaking with a Medicare professional—can help you retire with confidence.
Retirement should be about enjoying life, not worrying about healthcare. A little Medicare planning now can make a big difference later.

Ready to Enroll In Medicare A and B

When you are ready to enroll in Medicare A and B, you can enroll online at Social Security’s website.

Medicare A and B don’t cover all of your costs.

You will need to enroll in Medicare supplemental health and drug plans. You can choose from a Medicare Advantage Plan or a Medicare Supplement Plan with separate Drug Coverage.

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