Prior to retirement, you’re likely enrolled in a health insurance plan offered through your employer or paying for individual or family health care coverage through the Marketplace. When you turn age 65, you need to make important decisions about your health care coverage even if you’re still working or delay taking Social Security benefits. Here are some choices you may be eligible for depending on your income and household size:
- Private Health Insurance Plan
If you retire or lose your job before age 65 and need health care coverage
- If you retire or lose your employer-based health insurance before you turn 65, you can apply for new health care coverage on the Health Insurance Marketplace (or BeWellNM.com in New Mexico).
- If you lose your health coverage, you will qualify to enroll in health care coverage outside the annual Open Enrollment Period from November 1, 2019 to December 15, 2019.
- When you complete the Marketplace application, you’ll find out if you qualify for a private plan with premium tax credits and lower out-of-pocket costs. You’ll also find out if you qualify for free or low-cost coverage through the Medicaid program in your state.