My Medicare Matters® tool
Nationwide teamed up with the National Council on Aging (NCOA) to create an unbiased tool to help clients sort through their Medicare options. The tool is available for financial professionals to share with their clients as part of adding value to their relationships.
Try the NCOA My Medicare Matters® tool brought to you by Nationwide.
Learn more about the partnership between Nationwide and NCOA.
Podcast
Listen in as specialists from the Nationwide Retirement Institute and the Advanced Consulting Group discuss Medicare:
Medicare and employer health coverage: Those who work past 65 may consider delaying enrollment in Medicare and should be asking certain key questions.
Client guide
This client-ready guide may be useful to share with clients seeking details on this topic.
- Working past age 65 (PDF)
See additional Medicare resources from Nationwide.
Do you have a Medicare story to share?
Greg and Connie's Story
This couple have enjoyed long careers, and they've always had health insurance through their jobs — first through Connie's job as a public school teacher, then, after she retired, through Greg's employer, a large financial services firm.
Connie enrolled in Medicare right at age 65. But as Greg approaches that age, he is still working. So he's not sure whether he should enroll in Medicare, stick with his employer's health insurance, or investigate whether there could be a combination of the two. They decided to talk to their financial professional about it.
Interesting options
Their pro, Kurt, explained that if Greg enrolls in Medicare and keeps his employer-sponsored group plan, medical services are paid first by the group plan up to the plan's limit. Then Medicare kicks in, paying additional costs up to the Medicare-approved amount. Any further costs would be Greg and Connie's responsibility.
Kurt also explained that Greg could delay enrolling in Medicare. That's something he might want to consider, because enrolling in Medicare means he can no longer contribute to his health savings account (HSA). Later, when Greg does retire, his company will send a letter to the government, which will permit him to enroll in Medicare at that time without any penalty for the delay.
Opportunity for change
Greg then admitted that he might want to scale back his work sometime soon — and perhaps retire altogether. Enrolling in Medicare right at 65 would ensure that coverage is in place, so he could reduce his hours without worrying about holding on to his employer-based coverage.
In the end, Greg enrolled in Medicare and scaled back his working hours, creating a gentle transition to full retirement.