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Q: I recently retired, but still get paid from my company.. I have Cobra from my company for me and my wife I am 65 years old and have part A only..can I only have Cobra or will I be required to get part B.. please advise...
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A: If you have Medicare first, and then become eligible for COBRA, you can have both Medicare and COBRA. It is important to remember that Medicare pays first and COBRA pays second.
Remember, COBRA is only available for a limited number of months. If you want to enroll in Part B after your COBRA ends, you run the risk of not being able to get coverage right away and you may have to pay a late enrollment penalty.
Also remember that usually you pay the full price of COBRA and it can be very expensive. There are alternatives to COBRA continuation available. Click here for a quote, or call us at 1-877-262-7241 (8am-5pm CST) and we can help you find an alternative plan.