If you’re counting on working past your 65th birthday, be sure to consider how Medicare may factor into your plans — even if you already have health insurance through your job.
The share of people ages 65 to 74 in the workforce has been steadily rising for years. It’s projected to reach 30.2% in 2026, up from 26.8% in 2016 and 17.5% in 1996, according to the Bureau of Labor Statistics.
While workers at companies with fewer than 20 workers generally must sign up for Medicare at age 65, people working for larger companies typically have choices: They can stick with their group plan and delay Medicare without facing penalties down the road, drop the company option in favor of Medicare or go with a combination of the two.
Here
are the Medicare rules that apply to would-be beneficiaries who are still working, along with costs to consider.
