If you have an HSA, make sure to contribute as long as you can. Once you enroll in Medicare, you can no longer contribute to your HSA or receive HSA contributions from NVIDIA. If you continue contributing to your HSA after age 65, you’ll forfeit current and future Social Security payments, and have to repay the federal government any Social Security benefits received.
MEDICARE Part WHAT?
Medicare has several parts that work together to provide you medical coverage in retirement. Full details are at medicare.gov, but here are the highlights of what each does.
Covers inpatient stays and/or care in a skilled nursing facility.
Covers doctors visits, lab work, vaccinations, and other outpatient treatments.
Medicare Private Plans
Private insurance for hospital and medical care that supplements standard Parts A and B.
Prescription Drug Insurance
Covers prescription drugs.
We know figuring out what to do next may feel overwhelming. Here are a few tips to guide your next steps.
A lot of Medicare information will be mailed to your home when your 65th birthday approaches. Be on the lookout, and read it carefully when it arrives.
Save the official notice NVIDIA mails, called Notice of Creditable Coverage. You may need it if you decide to join a Medicare drug plan later.
Contact NVIDIA to talk through complicated scenarios, like when you should enroll in Part A, if you should enroll in Parts B—D, what happens when one spouse becomes eligible for Medicare while another is still working, and how Medicare and your NVIDIA benefits work together.
If you become Medicare eligible (reach age 65) while employed with NVIDIA, your benefits eligibility remains unchanged, and your NVIDIA medical plan remains the primary plan that processes and pays your health care claims.