How Do I Defer Medicare Coverage?

By
Mary Salazar
-

3To Keep Another Health Insurance Plan

Medicare is simply a health insurance plan funded by the federal government. So if you are currently enrolled in another plan, either in your workplace, through a union, through your wife or husband, or another source, you would want to keep the current coverage. In these cases, deferring Medicare would keep you from paying monthly premiums, particularly when your income level is high. If you get the current insurance from a large group insurer, which pays for everything as in Medicare Part B and Part D, there will be no penalty. [3]

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