Special Enrollment Period- Leaving Employer/Union Coverage

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Special Enrollment Period- Leaving Employer/Union Coverage

21 March 2013

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Categories: Medicare Articles

Special Enrollment Period- Leaving Employer/Union Coverage

06/11/2012 Under normal circumstance, it is important to sign up for Medicare and a Medicare Plan when you turn 65. There are, however, a few exceptions to this rule. One of those exceptions is if you have employer sponsored health coverage. If so, you may qualify for a Special Enrollment Period (SEP), where you are able to sign up for Part A and enroll in Part B, as well as enroll in a Medicare Plan, such as a Medicare Advantage Plan through Bravo Health or Keystone 65, when you leave employment. It is important to note that COBRA is NOT considered coverage on current employment, and, thus, does not qualify as an SEP. To avoid paying a higher premium for Medicare Part B, it is important to sign up for Medicare when you are first eligible, such as when you are turning 65 or when you leave employment health coverage.

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