Summary
COBRA coverage can protect retirees after leaving a job, but it does not replace Medicare enrollment requirements. Money explains that people who rely on COBRA instead of enrolling in Medicare when eligible can face coverage gaps and costly penalties. Unlike active employer coverage, COBRA generally does not qualify as coverage that allows someone to delay Medicare Part B without consequences. Eligible individuals should understand their enrollment deadlines and sign up on time to avoid penalties that can last for life. The article highlights the importance of coordinating COBRA and Medicare carefully, especially for people approaching or already past age 65, to prevent unexpected healthcare costs and coverage problems.
Money
