Earliest age to apply for reduced Social Security retirement benefits, subject to earnings restrictions if working.
Research Medicare options.
Enroll in Medicare. Those who claim Social Security benefits early are automatically enrolled in Medicare. Others must sign up for Medicare during their initial seven-month enrollment period — which starts three months before their 65th birthday— or face lifelong delayed enrollment penalties.
Older workers with group health insurance through a current employer can delay enrolling in Medicare penalty-free for up to eight months after their job or group insurance ends.
Full retirement age for people born from 1943 through 1954, gradually increasing to 67 for those born in 1960 or later. Earnings restrictions disappear at full retirement age.
Those who postpone collecting Social Security beyond full retirement age earn delayed retirement credits of 8% per year.
Delayed retirement credits end. Collect maximum Social Security benefits even if still working.