Start Over
Check with the employer that provides your health insurance about signing up when you’re first eligible for:
- Part A (Hospital Insurance)
- Part B (Medical Insurance)
Generally, you’re first eligible to sign up for Part A and Part B starting 3 months before you turn 65 and ending 3 months after the month you turn 65.
Because the company has less than 20 employees, your job-based coverage might not pay for health services if you don’t have both Part A and Part B.
What if I have a Health Savings Account (HSA)?
What else do I need to know?
- You can sign up anytime while you or your spouse are still working for that employer, or up to 8 months after you or your spouse stop working, or the job-based coverage ends, whichever happens first.
- Your coverage will start the month after Social Security (or the Railroad Retirement Board) gets your completed forms. You’ll need to fill out an extra form showing you had job-based health coverage while you or your spouse were working.
- If you want more coverage, you have a limited time to get it.
Find timeframes to get more coverage.
Avoid the penalty & gap in coverage
If you miss this 8-month Special Enrollment Period, you’ll have to wait to sign up and go months without coverage. You might also pay a monthly penalty for as long as you have Part B. The penalty goes up the longer you wait to sign up. How much is the Part B penalty?