Can I sign up for Medicare now but delay SS benefits until my FRA without penalty?

You can absolutely enroll in Medicare without taking Social Security! These are separate decisions. Many people do exactly what you're considering - take Medicare at 65 but delay SS until FRA or even age 70 for higher benefits. As for timing, if you're losing employer coverage, you qualify for a Special Enrollment Period for Medicare. You should apply for Medicare right away to start May 1st to avoid any gaps in coverage. This won't force you to take SS benefits - you can wait until September for those.

my neighbor did this exact thing last year. signed up for medicare but waited til 67 for SS. said it was no problem at all.

DONT DO COBRA!!!! It's a HUGE ripoff! I paid almost $1,700 a MONTH for just me and my wife. Medicare will be SO MUCH cheaper. And yes you can absolutely do Medicare without SS - I did that for 8 months last year before starting my retirement benefits.

You need to apply for Medicare about 2-3 months before you want coverage to start. Since you're losing employer coverage, you qualify for a Special Enrollment Period, which means you won't face late enrollment penalties as long as you sign up within 8 months of losing your coverage. The process is: 1. Go to SSA.gov and apply for Medicare only (Parts A & B) 2. You'll need to complete form CMS-L564 (Request for Employment Information) and have your employer complete their section 3. When applying online, indicate you want ONLY Medicare, not retirement benefits 4. You'll also need to decide if you want a Medicare Advantage plan or a Medigap policy plus Part D And yes, waiting until your FRA in September for Social Security is smart financially if you can afford to do so.

I'm in the exact same situation except I'm 65 and my FRA isn't until 67. I've been trying to call the Social Security office for TWO WEEKS to ask these same questions and I literally cannot get through. Always busy or disconnects me after being on hold forever. So frustrating!!!

Just want to add another detail - when u sign up for Medicare only, make sure you DECLINE the automatic SS benefits enrollment. There's a specific question during the process about this. If u miss it, they might automatically start ur SS benefits too.

One more thing to consider - if you're planning to continue working after starting Medicare but before claiming Social Security, make sure you understand how Medicare premiums work in that situation. Since you won't have the premiums automatically deducted from SS benefits, you'll receive quarterly bills for Medicare Part B (and Part D if applicable) that you'll need to pay directly. Also, your Medicare premiums may be higher based on your income from 2 years ago (called IRMAA - Income-Related Monthly Adjustment Amount). This is something to factor into your planning.

Yes, the IRMAA amounts adjust each year based on your tax returns from 2 years prior. So in 2025, your Medicare premiums will be based on your 2023 income. But once you're retired with lower income, you can file Form SSA-44 (Life-Changing Event) to request an immediate reduction in your IRMAA if you've experienced a work stoppage or reduction. About your original question: you're making the right choice by separating the Medicare and Social Security decisions. Each month you delay SS after FRA increases your benefit by 2/3 of 1%, which is 8% per year - that's a guaranteed return you can't beat elsewhere!

Did anyone mention Medigap vs Medicare Advantage? That's another big decision you need to make when signing up for Medicare. I went with Advantage because it was cheaper upfront but now I'm regretting it because of all the authorization requirements and network limitations.