Is Medicare Mandatory?

Is Medicare mandatory when you turn 65?

If you're just starting to research Medicare, your first question might be: do I have to have Medicare?

When a person turns 65, they are automatically enrolled in Medicare Part A. Medicare Part A is free for almost everyone, although there are exceptions. If you have worked at least 40 quarters, then Medicare Part A is free. It will go into effect the first day of the month you turn 65. This is true for those who retire and those who continue to work past the age of 65.

Medicare Part B is optional. If you are continuing to work, and your employer provides health insurance benefits while you're working, it's not always necessary for you to sign up for Medicare Part B. Medicare Part B is not mandatory at the age of 65.

The last thing is Medicare Part D. Part D is not mandatory at the age of 65 as long as you have credible coverage elsewhere. If your employer plan offers health coverage that offers prescription drug benefits, you wouldn't need Medicare Part D.

While Part D isn't mandatory, you will receive penalties if you don't have it or any other type of credible coverage after the age of 65.

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