What is So Different About Railroad Retirement Medicare vs Medicare?

Welcome to another edition of the Highball Advisors Railroad Retirement Mailbag! I’m John McNamara from Highball Advisors, and today’s question comes from Gillum 168, who asks, “Does the railroad have its own Medicare? Is it different from regular Medicare?”

Great question, Gillum! I get this one quite a bit. To clarify, the benefits provided by the Railroad Medicare program are exactly the same as those under regular Medicare—there’s no difference in the coverage. The key distinction lies in the administration. Railroad Medicare has a separate claims processor and back-office operations compared to standard Medicare.

Also, if you're receiving Railroad Retirement benefits, your Medicare coverage will automatically begin at age 65. However, if you're still working past 65 or are covered by a spouse's healthcare, there are other things you’ll need to consider. It’s a bit tricky, but don’t worry!

For more details, check out my video Medicare Facts You Need to Know for Railroad Retirement, where I walk through the various options and nuances surrounding Railroad Medicare.

I hope this helps! Feel free to send in your questions, and I’ll create a video to answer them. Until next time, stay safe, stay on track, and take care! So long, everyone! Bye!

Get Free Railroad Retirement Assessment

Disclaimer: This article is provided for general information and illustration purposes only. Nothing contained in the material constitutes tax advice, a recommendation for purchase or sale of any security, or investment advisory services. Highball Advisors encourages you to consult a financial planner, accountant, and/or legal counsel for advice specific to your situation. Reproduction of this material is prohibited without written permission from Highball Advisors, and all rights are reserved from Highball Advisors, and all rights are reserved.