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Medicare Part B Enrollment after Retiring from work age 66-75
Let’s say you’re past the age of 65. You have your Medicare part A and you’re still working. Now you’re maybe 70 years
old and you say to yourself, “ I want to retire. I want to get on Part B and start Medicare as my health
insurance. I’ve been getting health insurance from my employer or my spouse has been getting health
insurance from his or her employer.” You need to fill out CMS Form 40B and CMS Form L564
The first step that you’re going to want to do is go to cms.gov. Now you’re going to want to do
this at least four months prior to when you’re going to retire. The reason is you can go on Medicare Part B
any month of the year if you’ve had health insurance from the time you were 65 years old when you were
eligible for Medicare up until now when you’re about to retire.
If there was a break in your coverage you’re going to have to sign up between January 1st and
March 31st. Your coverage is going to still start July 1st but let’s just say you’ve worked for the same
person for the past 30 years. You wanted to work until you’re 70 or 68 whatever it is, so you did not get
on Part B.
In this video I’m going to show you how to get on Part B and start your Medicare. The first thing
you want to do is- go to cms.gov. As you see up here in the URL. Now when you get here you’re going to
have to print out two forms. The first form, and I actually did a video on this I think it was a couple years
ago, I want to put it on the screen here because the video is great but I didn’t put it on this channel and it’s
fuzzy.
CMS Form 40b and CMS Form L564
Click here to go to the forms > CMS form 40b and CMS form L564. So the first form that we’re going
to do is the 40b and it’s a little bit different but I’ll go over this. So you type in 40b in this search engine on
cms.gov, click the search and it’s the very first link up here. You’ll click on that link and then you’ll scroll
down a little bit where it says downloads and you can go to related links also. Right here downloads- 40b
English. You’ll click on that and this will take you to the PDF that you need to fill out. Now you can fill this
out actually online you know which will make it nice and clean or you can just print it and fill it out hand
written.
Now if it’s just you who’s going on Medicare fine, you need one form for this and one form for the
CMS Form L564 but if it’s you and a spouse you’ll need two for each. So you’ll print this out twice. You’ll fill one out and your spouse will fill one out if they’re past 65. It’s very simple, this one just states your Medicare
number. You and your spouse if you’re both past 65 you’ll have a Medicare number because you’ll have
Medicare part A but you’ll want to get on Part B so you’ll sign this, date it and hold on to it. The next form
is a little bit more complicated so when you go to let’s see here CMS here when you go to cms.org gov
you’ll put in form L five six four. You’ll search that and just like the other one the first one here you’ll click
on and this has two forms to download.
Basically I just go to this one right here, the related links, click on that and if you scroll down it will
have a downloadable form. It’ll look like this and then down here, as you see, it says download and print
to PDF. So you can actually do the same thing. You can type in your information here and then you can
download it to print it if you like or you can just print it and then hand write it in here. The thing about
this l564 you’ll print this twice but the person who’s working and getting the benefits the first one they’ll fill
out as the applicant and the employee. So their name will go on number four and on line six and it will
also go. The social security number will be the same on line five and line seven here because they’re
filling it out for themselves and then the biggest thing is this start date. Number two of course number
one is going to be yes your employer Group Health if that’s what you were and then the date the
applicant’s coverage began. This is going to have to be before you were eligible for Medicare.
Let’s say you changed jobs three times. You’re gonna have to go get this form filled out three
different times by three different employers. This is why I say this process could take months and even
when you get this done you’re going to fax it into a certain number I’ll put on the screen at the end but
you’ll want to start this a lot earlier than if you were just going on Medicare when you turn 65. So you’ll fill
out this form. You’ll have your employer down here sign it and date it and then you’ll print it off. The one
thing that I forgot to mention is you’ll have to print off a second one because it will be for the applicant
which would be your spouse and then the employee which would be you. They would fill out their
applicant name, their social security number here and then you the employee would fill out your name and
your Social Security.
One would have the same applicant name and employee name the other would have the
spouse as the applicant name and then the employee as the employee name with the different Social
Security numbers. You already have it printed but you’ll have your employer sign this and then you’ll fax it
to a certain number. Now I’m going to put that number on the screen. Here is the fax number that you’ll
fax it into this is the national fax number. This is very important. Like I said, you’ll want to do this as early
as possible if you have broken coverage. You have to do this between January and March 31st. Your
coverage will start in July if you did not have broken coverage. You’ll get this filled out by every employer
that you worked for after the age of 65. Hopefully it was just one. You’ll fill those four forms out so CMS Form 40b will be twice and l564 will be twice if you have a spouse. Then you will fax it into this fax number.
The Medicare enrollment fax number is 1-833-914-2016.
Your next step after you sign up is to see if you want a Medicare supplement plan or an advantage plan from AARP or Aetna. Some people also choose Wellcare or Silverscript for the prescription part d drug plan.
Disclaimer: This video and blog post are for entertainment purposes only. If you want advice on Medicare or any of its plans, please speak to a licensed agent, whether it is me or another licensed agent. No advice should be taken from this video or blog post. If you don’t speak to me about your individual concerns, I can’t give you my 100% opinion. Brian Monahan and Medicare 365 are not responsible for any actions that you take without consulting with a licensed insurance agent.
