He Thought COBRA Counted as Coverage. Medicare Said Otherwise, for Life

He Thought COBRA Counted as Coverage. Medicare Said Otherwise, for Life

The post He Thought COBRA Counted as Coverage. Medicare Said Otherwise, for Life appeared first on 24/7 Wall St.. A 64-year-old engineer takes a buyout from a 3,000-person employer in March. He signs up for 18 months of COBRA the same week, figuring he will deal with Medicare when COBRA runs out. Eleven months later, he turns 65 and walks into Social Security to enroll in Part B. The clerk pulls up his record, runs a quick calculation, and tells…