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What can complicate things if you have Medicare?

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If you’re insured with a Marketplace plan when you become eligible for Medicare, you might think you should just keep your Marketplace plan. You’d be wrong.

For one thing, if you’re getting a subsidy to help pay your premiums, most people won’t be eligible for the subsidy once they’re eligible for Medicare. This means you could face tax penalties if you keep it.

If you delay enrolling in Medicare Parts B or D, you’ll pay a late enrollment penalty the entire time you're on Medicare.

And if you miss your Medicare enrollment window the first time, you risk a gap in coverage while you wait for the sign-up window to roll around again.

In most cases, you’ll want to cancel your Marketplace plan and enroll in Medicare.

From: 9 Things You Didn’t Know About Medicare WebMD Medical Reference

Reviewed by Sarah Goodell on September 16, 2019

Medically Reviewed on 9/16/2019

SOURCES:

Social Security Administration: “History of SSA During the Johnson Administration 1963-1968.”

Medicare.gov.

Tricia Neuman, senior vice president, Kaiser Family Foundation; director, Program on Medicare Policy and Project on Medicare’s Future, Kaiser Family Foundation.

Deborah Chollet, senior fellow, Mathematica Policy Research.

Steve Zuckerman, PhD, co-director and senior fellow, The Urban Institute.

Stacy Sanders, federal policy director, Medicare Rights Center.

Reviewed by Sarah Goodell on September 16, 2019

SOURCES:

Social Security Administration: “History of SSA During the Johnson Administration 1963-1968.”

Medicare.gov.

Tricia Neuman, senior vice president, Kaiser Family Foundation; director, Program on Medicare Policy and Project on Medicare’s Future, Kaiser Family Foundation.

Deborah Chollet, senior fellow, Mathematica Policy Research.

Steve Zuckerman, PhD, co-director and senior fellow, The Urban Institute.

Stacy Sanders, federal policy director, Medicare Rights Center.

Reviewed by Sarah Goodell on September 16, 2019

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