Flushing out the Medicare traps for employers
Jan 20, 2021 2:08 PM - Medicare eligibility begins for most at age 65. The Social Security retirement age is currently 66 and is graduated to 67. This may mean that Medicare could start before retirement. Employer-sponsored health plans for companies with fewer than 20 employees are in the same boat with the under-65 major medical plans commonly known as Obamacare. Employees that work for companies with fewer than 25 employees and are on the company health plan can keep their company-sponsored health plan only until 65. At age 65 those employees would leave the company plan and start their Medicare. Employers should be keenly aware of this and make sure their employees are aware of the transition.