Can I drop Medicare Part B coverage and add it later if I have employer group health insurance?

Can I drop Medicare Part B coverage and add it later if I have employer group health insurance?

Delaying Part B Enrollment

Yes, you are able to disenroll in Medicare Part B coverage if you are working and covered by your employer's health insurance coverage. Medicare Part B requires a monthly premium and so individuals who are working may wait to re-enroll in Part B when they are no longer covered under their employer's group health insurance. 

Signing up for Part B

To re-enroll in Part B, you can sign up during your Special Enrollment Period (SEP), an eight-month period that begins after you or your spouse has stopped working or your employer's healthcare coverage ends, whichever ends first. You usually will not be required to pay a late enrollment penalty if you enroll in Medicare Part B during your SEP or IEP.

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Can I drop Medicare Part B coverage and add it later if I have employer group health insurance?