I for one do not understand medicare. I'm suppose to sign up for it. Right now, I don't need it. My husband isn't retiring and he has good employer sponsored ins. So since I don't need it, why am I punished if I don't sign up for it within a certain time interval? This has been going on with medicare for eons.
What's the purpose except to waste taxpayer dollars. The govt should be encouraging people to delay retirement and medicare for as long as possible just like they do for SS. Makes no sense to me.
Except that you will be enrolled and paying a monthly premium and not receiving much by way of Medicare benefits. If your husband is actively working and your are covered under his insurance then Medicare is secondary to his insurance. For the most part his insurance will pay more than the Medicare allowed amount. If that happens the Medicare payment will be $0. Medicare will generally only pay if there is something Medicare covers and your primary insurance does not cover.
They are trying to start getting some of your premiums into the system without having to pay out. What they don't want to happen is to be getting no premium from you from age 65 to 68 then have you get really sick, so your husband retires and now you enroll and Medicare is primary. They want and need your premiums for when you are 65-68 years old and healthy or the other insurance is covering your costs. Medicare is like any other insurance- a risk pool.
I believe that you can wait to enroll in Medicare but your premiums if you enroll late will be higher and your opportunities to enroll are limited. Medicare enrollment is not my forte, I know more about once a person is enrolled and the interplay of Medicare and other insurance.
In summary, if you enroll before you retire or before your spouse retires and either of you have Medicare it is a win for Medicare. Medicare gets your premiums but has little to none that they have to pay out for you as the other insurance is primary.