Readers have raised many questions about enrolling in Medicare. I answer two recent ones here.
Q. My wife has been automatically re-enrolled in a silver policy on the Oklahoma health insurance marketplace. She will turn 65 and be enrolled in Medicare on May 1, 2015. Can she keep her silver policy when she is enrolled in Medicare? And, if she does, will she automatically lose her premium subsidy? Do we have to cancel the policy or will the insurer do it automatically?
A. Your wife doesn’t have to give up her marketplace policy when she turns 65, but financially it probably doesn’t make sense to keep it, says Tricia Neuman, director of the program on Medicare policy at the Kaiser Family Foundation (KHN is an editorially independent program of the foundation.)
Once she’s eligible for Medicare, your wife will no longer qualify for premium tax credits on the marketplace, making that coverage more expensive.