Cobra and Medicare

oregon health insurance marketplace

If you get COBRA first and then become eligible for Medicare:

    • Your COBRA coverage may end completely once you become eligible for Medicare.
    • You need to enroll in Medicare Part B once you’re eligible
    • You may be able to delay enrolling in Medicare Part D without penalty if you can keep COBRA coverage and it includes creditable prescription drug coverage.
  • You have 63 days to enroll in Medicare part D without penalty once you lose your COBRA drug coverage. If you get Medicare first and then become eligible for COBRA:
  • You can have both Medicare and COBRA
  • Taking COBRA is optional, and depending on your situation, you may or may not want to.
  • Medicare is considered your primary insurance, so do not drop Medicare if you take COBRA.
  • Medicare will cover some or all health care costs first, COBRA may pay some costs not paid by Medicare

If you are already enrolled in Medicare Part A when you are eligible to take COBRA:
You need to enroll in Medicare Part B within 8 months of your employment ending to avoid a late enrollment penalty.
You may also need to enroll in Medicare Part D whether you take COBRA or not.

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