Medicare
Medicare is health insurance for people who are age 65 or older. Here’s how enrolling in Medicare works:
Before You Turn Age 65
- If you apply to start receiving retirement benefits from Social Security or the Railroad Retirement Board at least four months before you turn 65, you’ll automatically get Part A (Hospital Insurance) and Part B (Medical Insurance) when you turn 65. Most people don’t pay a Part A premium because they paid Medicare taxes while working; however, most people pay the standard Part B monthly premium.
- If you want to get Medicare when you turn age 65, but aren’t planning to take retirement benefits at that time, you’ll need to sign up for Medicare.
After you turn age 65:
- You’ll have to contact Social Security when you’re ready to sign up for Medicare.
- Depending on your work situation and if you have health coverage through Parsons, you may want to wait to sign up for Medicare.
Learn more about applying for Social Security benefits and Medicare at medicare.gov.
Questions About Medicare?
If you have questions about enrolling for Medicare, you can call Anthem, our medical plan carrier, at 1-844-296-3822 (TTY: 711) between 8 a.m. and 8 p.m. ET Monday through Friday. You can also email medicareVIP@anthem.com.
Note: You do not have to be enrolled in an Anthem medical plan to seek advice or speak to a representative.
Health Savings Account Participants
If you’re currently contributing to a Health Savings Account (HSA) and enroll in Medicare at age 65, you should stop contributing to your HSA. If you delay enrolling in Medicare until after age 65, you should stop contributing to your HSA six months before you enroll in Medicare. Note: Contributing to your HSA after you start Medicare may result in a tax penalty. You also cannot contribute to your HSA if you receive Social Security or Railroad Retirement Board Benefits.
Resources
Learn more about your Medicare options:
Move2Medicare Turning 65
Medicare Guide
Medicare Fact Sheet
Medicare Coordination of Benefits
HSA and Medicare
Medicare 101 Webinar
Working Past 65
2024 Medicare Costs