I turned 65 in February, am still working full-time, and have medical insurance through my company that qualifies me to defer signing up for Medicare. I've been contributing the maximum to my HSA account for years.
I was planning to retire on February 1, 2020, just before I turn 66 and to initiate my social security benefits at that time, but I've just been notified that I will be laid-off as of August 1 this year and will receive six months of salary as severance, paid bi-weekly. In addition, if I go on COBRA, my company will pay the company portion of the premium for the severance period. That means it will not cost me more than I'm paying now to go on COBRA for those six months, although my part of the premiums will no longer be before-tax.
I don't want to incur any kind of penalty and I plan to keep contributing to my HSA until I'm laid-off.
My question is this: if I keep my current high-deductible insurance plan through COBRA, will it continue to qualify me to defer enrollment in Medicare?
Are there any other implications I should be considering in this situation?