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2. ANSWER: False.

If you are 65 or older and have health coverage through work but the company has fewer than 20 employees, by law Medicare becomes the primary insurance. Your company’s insurance plan would become the secondary payor, so it would only pay for what is not covered by Medicare. That means if you don’t enroll in Medicare and instead stay in your company’s plan, in essence you may not have any coverage at all or very limited coverage.

If your company has more than 20 employees, you can stay on your group health care plan and have it be the primary payor. So, if you are close to age 65, but not getting Social Security benefits or Railroad Retirement Benefits, you will generally need to enroll into both Medicare Parts A and B to have coverage. Your initial enrollment period to sign up for Medicare Parts A and B is during a seven-month window that begins three months before the month you turn 65 and extends through the three months after. If you miss this window you will have to wait for the General Enrollment period (Jan. 1 – March 31) for Parts A and B, which means that you could experience a gap in coverage, and you could pay a penalty for late enrollment in Part B.

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