08/02/2022
Question: Can I keep my individual health insurance that I purchased through a marketplace when I become eligible for Medicare at age 65?
Yes, but...
If you intend to keep your individual health insurance when you become eligible for Medicare, you will lose your premium tax credit and pay full price for coverage that you might be eligible for according to information on the healthcare.gov website.
For example, if you're paying $150 due to tax credit but the full cost of the plan is $900, then you'll pay the higher cost because you are eligible for Medicare.
Consider your options with a Medicare health plan when first eligible to avoid late-enrollment penalties, and meet your medical needs and budget.
Let me know if you have any questions. I'm more than happy to help!