20 Employees or Less

In the dynamic landscape of healthcare, understanding your options is crucial, especially for individuals working in small businesses with under 20 employees. While employer-sponsored health plans are common, there's a compelling case for considering Medicare, even if you fall into this category. The general rule is if the employer has less than 20 employees and isn't part of a multi-employer or multiple employer group health plan, then Medicare pays first, and the group health plan pays second. If you do not elect Medicare when first eligible and you are covered under a group health plan with 20 or less employees you risk being subject to a late enrollment penalty and the claims being processed as if Medicare was in place (you will be responsible for a larger chunk of the bill and who wants that? 👎).

In this blog post, we'll explore why individuals working for smaller employers should seriously consider enrolling in Medicare

  1. Limited Employer Coverage: Small businesses often face challenges in offering extensive health coverage due to budget constraints. In many cases, employer-sponsored health plans for smaller companies may not provide comprehensive coverage, leaving employees with potential gaps in their healthcare needs. Medicare can serve as a valuable supplement to bridge these gaps and ensure comprehensive coverage.

  2. Personalized Healthcare Choices: Enrolling in Medicare offers individuals the flexibility to choose plans tailored to their specific healthcare needs. With a variety of plans available, including Parts A, B, C (Advantage Plans), and D (Prescription Drug Plans), employees can customize their coverage to match their health requirements and preferences. This flexibility allows for a more personalized and comprehensive approach to healthcare compared to some small employer plans.

  3. Financial Benefits: Medicare can be a cost-effective option for employees in smaller businesses. The premiums for Medicare Part A (Hospital Insurance) are often waived for eligible individuals, and the premium for Part B (Medical Insurance) is generally lower compared to some employer-sponsored plans. Additionally, Medicare Advantage (Part C) plans often come with competitive premiums and cost-sharing options, making healthcare more affordable for employees. Pro Tip: You can also always ask if your employer reimburses for Medicare premiums or would be willing to.

  4. Continuous Coverage Transition: For individuals approaching the age of 65, transitioning from employer-sponsored coverage to Medicare can be a seamless process. Enrolling in Medicare before retiring or leaving employment ensures that there's no gap in coverage, providing peace of mind and a smooth transition into a new phase of healthcare so you can focus on blissful retirment. 🌴⛳️ 😌

  5. Access to a Wider Network of Providers: Medicare offers a broad network of healthcare providers, allowing individuals to choose from a wide range of doctors, specialists, and hospitals. This extensive network ensures that employees have access to quality healthcare services, even if their small employer's plan has limitations in provider options.

Enrolling in Medicare can be a strategic and advantageous choice for individuals working in small businesses with fewer than 20 employees. The flexibility, cost-effectiveness, and comprehensive coverage options make Medicare an attractive alternative or supplement to employer-sponsored health plans. By carefully weighing the benefits and understanding the nuances of Medicare, employees can make informed decisions that align with their healthcare needs and financial considerations. Also, remember you are not alone with these decisions. There are local licensed agents, like those at Evolve Insurance Group, who can answer your questions and guide you through the process with confidence and ease. 🎉

Let us help you Evolve Your Medicare Experience. 

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Other Medicare Questions? We can be reached at 814.201.9708 or at jocelyn@evolveinsurancegrp.com.

Jocelyn Wolf