Here are two very important questions I ask clients who are over 65, still employed, and considering Medicare enrollment. One: “Is your prescription drug coverage considered to be creditable?” The ...

Creditable coverage refers to health insurance that offers at least as much coverage as Medicare. Not all people who qualify for Medicare are ready to enroll, as they may have other creditable ...

The Inflation Reduction Act (IRA) made several changes to Medicare Part D that may impact whether employer-sponsored coverage will be creditable for the 2025 plan year. With open enrollment season ...

Forbes contributors publish independent expert analyses and insights. Diane Omdahl is a Medicare expert who keeps her readers in the know. Creditable means that the employer plan is expected to pay on ...

If you’re eligible for Medicare but already have health insurance, you may be wondering whether you should keep it or switch. It’s important to understand what creditable coverage means, or you may ...

As you may recall Medicare Part D prescription Drug Coverage became effective in 2006. The first enrollment period for Medicare Part D began November 15, 2005 and ended May 15, 2006. In subsequent ...

Dear Toni: I turned 65 in August the year before last, continued to work full time with an HSA that has a $3,000 deductible for medical claims paid by the insurance plan, and used a prescription ...

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Eric's career includes extensive work in both public and corporate accounting with ...

Dear Toni: When I turned 65, I continued to work with excellent company benefits. I delayed enrolling in Medicare Part B for five years, after I turned 70, and retired with a Jan. 1 effective date for ...

This question originally ran in 2018, but details have been added, altered slightly for simplicity, and the response has been updated for 2023 Medicare rules. I turned 65 in August the year before ...