Medicare and Retiree Coverage

If you have retiree coverage available to you as an option, generally you are required to sign up for Medicare’s Part A and Part B. 


Medicare will pay first for your health care bills and the retiree plan will pay second (known as the Medicare secondary payer). 


How your plan works depends on the terms of that specific plan. Employers are not required to offer retiree coverage and they can change benefits, premiums or even cancel coverage.


Call our advisors to compare the price and benefits of your retiree coverage option to see what makes most sense for you.


Please do not assume that because you have a retiree option available to you that it is “better” than a Medicare supplement (Medigap) policy.


Retiree coverage is not a Medigap contract but acts in a similar a fashion. It supplements your Medicare and the retiree plan rules will apply.

Do I Need Medicare if I Have Retiree Coverage?

Retiree coverage will act like a Medicare supplement (i.e. Medigap).


Just as you would with traditional employer coverage, you should compare what your retiree plan costs and understand what coverage it provides and compare that to Medigap contracts or Medicare Advantage plans.


The days of having rock solid health insurance benefits are dwindling as time goes on so be sure to do your homework (with our help)