Anchor Point Benefit Group
Still Working at 65 Decision Guide
Questions to answer before choosing between employer coverage and Medicare.
Start with employer coverage
- Is the coverage based on current active employment?
- How many employees does the employer have?
- Is the prescription coverage creditable?
- Will a spouse or dependent lose coverage if you leave the plan?
Compare the full monthly cost
- Payroll deduction for employee-only or family coverage.
- Part B premium and any income-related adjustment.
- Deductibles, copays, and maximum out-of-pocket exposure.
- Prescription costs and pharmacy network.
- Dental, vision, hearing, and travel needs.
Before making a change
- Do not cancel employer coverage before confirming Medicare effective dates.
- Confirm how the decision affects your spouse and dependents.
- Keep written proof of creditable coverage.
- Ask the employer benefits department for plan documents.
Bring to your review
- Employer benefit summary.
- Latest payroll deduction amount.
- Prescription list.
- Doctor and hospital preferences.
- Expected retirement date.