Final answer:
An employed individual at age 65 has the option to enroll in Medicare. Enrollment decisions should consider employer health coverage and Medicare's relation to it.
Step-by-step explanation:
When an employee is still employed upon reaching age 65, Medicare enrollment is indeed an option. They can decide to sign up for Medicare as a supplement to their employer's health insurance or may choose to delay enrollment. Individuals need to evaluate if their employer health coverage will be considered primary or secondary to Medicare. Transitioning to Medicare at 65 can be beneficial, as it is designed to provide seniors with comprehensive health coverage.
Factors such as employment status, the size of the employer, and personal health needs can all influence this decision.
Given the demographic shift with a growing number of elderly Americans, Medicare, and Social Security face increased pressure on their financial sustainability. The challenge of covering the anticipated costs is considerable, as the ratio of working-age individuals to retirees is decreasing. Changes to payroll taxes, benefit adjustments, or eligibility criteria are among the options for addressing the long-term budget outlook for these programs.
Both current and prospective beneficiaries must stay informed about Medicare options and changes that could affect their coverage.