“If you need to have $5,000 in expenses before the insurance kicks in at work, depending on the nature of the costs, Part A or B could be secondary coverage and help you pay for those deductible expenses,” said Philip Moeller, author of “Get What’s Yours for Medicare.”
High-deductible plans come with health savings accounts, which you may not contribute to once you’ve enrolled in Medicare. Still, you may use your balance to help pay for qualified medical expenses.
You might also do some research and price out the cost and coverage of either original Medicare, plus Part D prescription coverage, or Medicare Advantage.
Medicare Advantage covers Parts A and B, which include hospital and medical insurance, plus other benefits.
Find out how those options compare to remaining in a high-deductible plan at work, especially if you can’t participate in the health savings account.
“See what makes the most sense for you,” Moeller said.