• SOURCE: Burson Marsteller

Turning 65 in the Workplace



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ANCHOR LEAD: Turning 65 is traditionally associated with the start of retirement – and also Medicare. But many baby boomers are delaying retirement and continuing to work past age 65. This decision to continue collecting a paycheck can have long-term consequences when it comes to Medicare costs. Chanel Caraway has more. (:60) SCRIPT: Newsbreak, I'm Chanel Caraway. If you are one of the 10 thousand baby boomers turning 65 every day, and you choose to work past the traditional retirement age, it is important to understand how this decision might affect your Medicare coverage. Here are three tips from United Healthcare. First, pay attention to your Initial Enrollment Period, which begins three months before your 65th birthday month, and ends three months after. Your choices during this seven-month period could impact your Medicare coverage – and costs – both now and in the future. Penalties and coverage gaps are possible depending on when you enroll in Medicare, which leads to tip number two: be proactive in notifying Medicare if you plan to delay enrollment. And finally, tip three: take advantage of resources to help you make a confident decision! Visit Medicare-dot-gov or UHC-Medicare-Help-dot-com to learn more. That's Newsbreak from UnitedHealthcare. ANCHOR TAG: You can also call 1-800-MEDICARE anytime. This government hotline is staffed 24 hours per day, seven days per week.
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