MEDICARE


I'm turning age 65. Should I sign up for Medicare Part A and B if I'm still working?

Even if you keep working after you turn age 65, you should sign up for Medicare Part A. If you have health coverage through your employer or union, Part A may still help pay some of the costs not covered by your group health plan. Call the Social Security Administration at 1-800-772-1213 to sign up.

However, you may want to delay signing up for Medicare Part B if you or your spouse are actively working and covered under group health coverage through your or your spouse's employer or union. You'd have to pay the monthly Medicare Part B premium, and the Medicare Part B benefits may be of limited value to you as long as the group health plan is the primary payer of your medical bills.

Once you're no longer actively working and covered under employer group health coverage, it's important to contact the Social Security Administration to meet the special enrollment period guidelines for Medicare Part B. For more information, review the Centers for Medicare & Medicaid Services' "Enrolling in Medicare Part A & Part B" document.

My spouse is covered as a dependent under my Caterpillar group health coverage. Should he/she sign up for Medicare Part B is he/she is retired and turning age 65?
If your spouse is covered as a dependent under Caterpillar's group health coverage and you're currently covered as an actively working employee, your spouse may want to delay signing up for Medicare Part B. Because you're actively working and your spouse is covered under Caterpillar’s group health coverage, your spouse would have to pay the monthly Medicare Part B premium, and the Medicare Part B benefits may be of limited value to your spouse as long as the group health plan is the primary payer of your spouse’s medical bills.

Once you're no longer actively working and covered under employer group health coverage, it's important to contact the Social Security Administration to meet the special enrollment period guidelines for Medicare Part B. For more information regarding Medicare guidelines, review the Center for Medicare & Medicaid Services' "Enrolling in Medicare Part A & Part B" document.