Congratulations!
You have had a great career and now you deserve to have an equally great (or better!) retirement. Many people are hesitant to retire because they are worried about leaving their Company’s group health plan. Sound familiar? In most cases, this is an unfounded fear. When people realize how powerful their Medicare Rights are and how good Medicare coverage is, they breathe a sigh of relief and eagerly retire to their new life!
You belong to a growing segment of the population. Increased longevity coupled with the fact that many want to continue working to shore up family finances, comprise a large and steadily growing group within our country. We are thankful for your continued service, mentorship, and experience.
When you decide to retire, there are several things that need to happen:
1. Decide on a retirement date
2. Alert your HR to your intention
3. Enroll in Medicare and establish an effective date so that there is no break in coverage
4. Determine the type of plan that is right for you (Medicare supplement vs Medicare Advantage)
5. Choose a plan in your area that your doctor will take with the benefits you need>
6. Enroll during your Initial Election window
NOTE: This is especially important is you delayed your enrollment in Part B while you have been covered on your company plan. The rules are a bit different.