Working past traditional retirement age used to be uncommon. The Department of Labor Statistics estimated that about 15 percent of people over 65 still worked in 2006. Today, the number of people who wait to retire until between 66 and 74 years of age is expected to top one in four. At over the age of 74, almost 10 percent of the population may be still be at work. Medicare used to be only thought of as retirement health insurance, but many who qualify may not be retired at all.
Topics: Part B, Medicare, Medicare Part A, Medicare Part D, Part A, Medicare Part B, how medicare works, Part D, Retirement, medicare eligibility, COBRA, What is COBRA?, Employer Insurance, group coverage, Medicare Coverage, creditable coverage
If you are age 65 or older and are losing or leaving your group health insurance, you will need to plan meticulously if you are considering COBRA as your insurance option. The role that COBRA plays in the transition from group health insurance to Medicare is often misunderstood. We're here to clear a few things up.