Life Event Playbook
Retiring at 62 — What About Medicare?
Steps to Take
- Estimate bridge premium cost
- Research ACA Marketplace plans with subsidies (income-based)
- Consider COBRA for up to 18 months
- Plan Medicare enrollment for 3 months before 65th birthday
Key Deadlines
- COBRA election: 60 days after coverage ends
- ACA Marketplace: annual Nov–Dec open enrollment plus 60-day SEP
Watch-Outs
- COBRA is NOT creditable for Part B — don't delay Medicare at 65 relying on COBRA
Related
Disclaimer: Educational content only. Confirm your specific situation with SSA, Medicare, or a licensed professional.
Frequently Asked Questions
Where do I enroll or make changes?+
Most Medicare changes happen at ssa.gov/medicare or medicare.gov. Your state SHIP offers free counseling.
How strict are deadlines?+
Very. Missing a Special Enrollment Period often means waiting for the Annual Enrollment Period (Oct 15 – Dec 7) and facing late penalties.
Do I need an agent?+
Not required, but a licensed independent Medicare agent can compare plans across multiple carriers at no cost to you.
What if I miss a deadline?+
Use the General Enrollment Period (Jan 1 – Mar 31) for Part B, accepting any applicable late penalty. Some SEPs allow late enrollment for specific hardship reasons.