Medicare Signup: Give Yourself Plenty of Time to Sort Through the Options
As part of the Social Security Amendments of 1965, Medicare legislation established a health insurance program for senior persons to complement the retirement, survivors, and disability insurance benefits under Title II of the Social Security Act. The program we have today has grown complex. Making informed choices on your healthcare insurance as you approach retirement age is critical to meeting your unique long-term needs. If you are still working and covered by a qualified group health insurance plan (20 or more employees), for the most part you will be able to defer any Medicare decisions until you separate from your employer’s service. If you are approaching retirement, the clock may be ticking on your choices.
PREPARING FOR HEALTHCARE IN RETIREMENT
If you are already receiving Social Security benefits you will be automatically enrolled in Medicare at age 65. If you
Wealth | Investments | Planning Commerce Trust Company
Made with <A HREF="https://flippingbook.com/online-annual-report" TITLE="Learn about FlippingBook for Annual Reports">FlippingBook</A> Annual report