Cons of receiving Medicare while working
Part A
Having both Medicare and employment coverage may wind up costing you more with little benefit if you are not qualified for premium-free Part A for whatever reason.
To assess whether it is worthwhile to switch plans or have both, compare your current plan’s premiums to the most recent Medicare Part A premiums [3].
Part B
Part B frequently entails additional fees and could result in the loss of some or all of your employer-provided insurance.
In 2021, the average Part B premium [4] will start at $148.50. Your rates will increase as your income does.
You will be paying a premium for coverage you might not use or need if you maintain your employer-provided plan and enroll in Part B.
To learn how your decision to participate in Part B will affect future Medicare enrollment and your ability to join an employer-sponsored plan, speak with your insurance company and a Medicare agent.