How to start Medicare when losing employer coverage - How to sign up for Medicare Part B
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- เผยแพร่เมื่อ 10 ก.ค. 2020
- This video walks you through what forms are needed to add Medicare Part B when you already have Medicare Part A and now need to add Part B due to losing employer group coverage through yours or your spouses active employment.
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Link to CMS-40B Application for Part B & CMS-L564 Request for Employer Verification:
www.amskc.com/helpful-resources
Link to Social Security Website: 5:35
www.ssa.gov/
Link to: Medicare Part B Enrollment application during the COVID-19 Pandemic: 06:21
secure.ssa.gov/mpboa/medicare...
How to attach proof of employer coverage and upload to application. 11:54
Please give us a thumbs up or leave us a comment in the section below if you enjoyed the video, and feel free to email us your questions at:
info@amskc.com
If you are old fashioned and like to pick up the phone and call, you can do that too. In Kansas City call 913-214-1080 and our toll-free number is 855-752-2900
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This video was created during the early days of Covid-19 shutdowns, when it may have been difficult to obtain the employers signature on the L564. All that has changed and I made another video that walks through completing the paper forms 40-b and L564 and then submitting to Social Security for processing. We have found that empoyer HR representatives are quickly and easily competing the L564 and emailing back to beneficiaries. We also recommend faxing these forms to your closest Social security office, and make a follow up phone call to that office to confirm they are working on it. The link to the updated video is here: @
Thank you for your detail instructions. It’s quite helpful
You are welcome!
Excellent simple step-by-step tutorial on how to sign up for Medicare Part B if you work past age 65 with employer insurance and need to apply for Medicare Part B due to either job loss or retirement.
Thanks Pam, we appreciate your feedback
Very clear. Thank you.
You are welcome!
This video was very helpful. I did end up with a question as I was online filling out the forms. I called the phone number given on the screen during the video and was able to speak with Darrell Russell directly. He gave me the info I needed to get this job done correctly and quickly. Thank you sir...your expertise is much appreciated!
Thank you for the feedback and I am glad you found the video helpful. We are always happy to help.
Thanks much for all your help with this!! I was able to apply online for Part B and I already had Part A. Keep up the good work!! You are helping a lot of people.
Glad to be of service.
Very informative - great job
Thank you! Outstanding video that answered a bunch of questions that I’d not had any luck pinning down.
You are very welcome. I am glad to know that you found the information helpful. Be sure to share us with a friend.
Very nice explanation. Thank you.
Glad it was helpful!
Best ever. Thank you.
Thanks Greg.
Thanks for the video - very helpful🙏
Hi Chandra, glad we could help!
Fabulous! Hou made this process extremely understandable!
Glad you liked it!
Thank you very much for such a great guidance with minute details and explanations to help avoid mistakes in applying on line
Netanel, I am please you found the step by step guidance helpful.
Thanks for the easy info. How long is it taking to process part B ? Need to get confirmation of it to process my medicare advantage plan.
Thanks so much
You're welcome!
Thanks for the video! You knocked it out of the park!!! Everything was explained in detail and in simple terms. Made it so simple to fill out all these confusing forms.
Can you make a video on the pros and cons of a medicare advantage program?
Thank you for kind comments. We are glad you found the video helpful. Feel free to share our channel with friends. I will definitely have a video on Medicare advantage. It's crazy how much time it takes to make a 5 -7 minute video....
Hi Miriam, in case you didn't receive a notification, here is my latest video, as you requested. th-cam.com/video/3o7vao_qAF4/w-d-xo.html
Did I miss something? Where or at one point do you inform the govt of your Supplemental / Private Insurance coverage (policy number?) Or does the ins. carrier inform Govt Medicare?
Your video reflects a person needs to in addition to the two forms required to also submit another form of evidence of insurance. Submitting additional evidence of insurance is not necessary. A persons evidence is CMS-L564 filled out by the company HR representative. I verified with Medicare only two forms CMS-L564 and CMS-40B are required when we filed for Part B.
Hi Alan, you are correct in that if you have a fully completed CMS-L564, signed by the employers representative, you don't have to submit additional evidence, however this video was geared toward earlier days of COVID when obtaining the employers signature wasn't possible. Thanks for chiming in.
@@AffordableMedicareSupplements How can my employer can fill put the CMS-L564 online? Through my login SSA account?
@@florom3860 This video was created during the early days of Covid-19 shutdowns, when it may have been difficult to obtain the employers signature on the L564. All that has changed and I made another video that walks through completing the paper forms 40-b and L564 and then submitting to Social Security for processing. We have found that empoyer HR representatives are quickly and easily competing the L564 and emailing back to beneficiaries. We also recommend faxing these forms to your closest Social security office, and make a follow up phone call to that office to confirm they are working on it. The link to the updated video is here: th-cam.com/video/PiQjERcFZmc/w-d-xo.html
Excellent, clear, and concise video. In my situation, I will be turning 65 in September and plan on retiring on September 30th. My employer coverage will end on that date and I will requesting enrollment in both A&B starting October 1st. Within the form entry indicating final employment date, should I be entering 09/2022 or 10/2022? Thanks!
Mark, your situation is different since you are turning 65 in September and are in your Initial Enrollment Period due to just turning 65. You will not need to complete 40-B or the L564 form. Just apply for Medicare A & B in the month of September, and you will have a October 1, 2022 effective date. This link goes to Medicare's official website, and explains the Initial Enrollment Period and when the coverage starts based upon the month you apply. www.medicare.gov/basics/get-started-with-medicare/sign-up/when-does-medicare-coverage-start
Thanks for replying.
I chose to keep my Fed Employee BC-BS insurance coverage after retiring at 65 because I wanted to live overseas and Medicare told me they wouldn't cover me outside the USA .
My question, now that I plan to return to the US, I had automatically Medicare Part A, could I switch from BC-BS to Medicare Part B without penalty?
BC-BS is so expensive and hardly covers any of my medical expenses!
Generally speaking, you must maintain Part B coverage even though you live overseas as currently, Medicare doesn't recognize moving back to the US as a valid reason to enroll into Part B without a penalty. So if you dropped Part B to live overseas, and now want to re-enroll, unless you qualify for a SEP, (link to article included) you may only be able to enroll during the Part B General Enrollment Period or GEP which runs January 1st to March 31st every year. Enrollments made during the GEP become effective the following July 1st. Here is the link to more info: www.cnbc.com/2021/08/12/how-to-handle-medicare-when-returning-to-us-after-living-overseas.html
these are the circumstances when you could sign up late with no penalties:
You work for an employer (American or foreign) that provides you with private group health insurance.
You work for an employer with no special health benefits, but are covered under the national health system of the country in which you live.
You are self-employed and covered under the national health system of the country in which you live.
You are the spouse of anybody in the above three categories, with the same coverage.
You are volunteering abroad and have health coverage from an approved sponsoring organization, such as the Peace Corps.
Otherwise, you can expect to pay late enrollment penalties.
Can you drop medicare part B after starting A & B at 65 after receiving SS from 62? I have very good health insurance and always have since retirement. I will receive my past employment health coverage for the rest of my life. I shouldn't have taken part B but didn't know any better. If i could drop part B i could save almost $200 a month.
I am on a retiree health group with AT&T, and have to sign up for Medicare in a few months... no one ever talks about what happens with a spouse (or dependent) health care coverage when going to Medicare. Does the younger spouse lose all the coverage if I am forced to use Medicare?
Hi Doug, you will want to confirm this with your AT&T benefits people, but typically retiree benefits extend beyond Medicare eligibility. You will need to enroll into Medicare parts A & B and Medicare will be the primary insurance, what Medicare doesn’t pay will go to the AT&T retiree plan second. Your spouse or covered dependents under age 65 should have the same benefits as the have now. Feel free to call me to discuss further. You can reach me now at 913-214-1362
Thanks , what if I want to sign up for Part B , already have part A, and I am still working and have health coverage through my employer , but again I want to sign up for part B so that can retire in the near future ?? Any special forms or steps that I need to take ?? Do I have to contact my employer ?? Thank You.
Fernando, assuming your employer has more than 20 employees, your work insurance is primary to Medicare and it's to your advantage to delay enrolling into Part B. Once you know your will retire and leave the work insurance behind, you can easily enroll into Part B by completing 2 forms. CMS-40B and CMS-L564. The L564 needs to be completed by your employer, and in section 12, remarks of the 40B, just put the date you want Part B to start. It can only the on the 1st of any month. You can download both of those forms on my website: www.amskc.com/helpful-resources I also created an updated video that walks through filling out the paper versions of the 40B and L564 form, The link for that video is here: th-cam.com/video/PiQjERcFZmc/w-d-xo.html
@@AffordableMedicareSupplements thanks
I submitted Medicare application forms for my wife and I the same day, the same envelope and mailed to social security office.Today my wife receive Medicare card but not me.Could you tell me why? We really appreciate it.
Have you called the local social security office you mailed the forms to? Sometimes is just a processing delay, how things get put into the workflow, sometimes it's human error.
What if you have worked till 72 and not signed up for ss or medicare part A or B but you had Ins .thru employer?
Charles, being 72 or 92 it’s all the same as long as you had insurance through active employment since you turned age 65. As long as you complete form CMS-40B, in the comments section indicate you want Part A & B to start on June 1st. (Always 1st day of the month) and form CMS-L564 which needs to be signed by employer representative and submit both forms at the same time to social security office, you will be just fine. Feel free to call the office. Monday if you are unsure of anything. 913-214-1080
@@AffordableMedicareSupplements no
Hi Carol, did your comment get cut off?
Can your employer demand what medicaid program you have?
Typically, no an employer cannot demand or require you to enroll into Medicare if they offer group health insurance, however, depending upon the number of employees you may need to enroll into Medicare. If you turn to page 21 of the 2022 Medicare & You booklet, there is a grid that explains how Medicare works with other insurance like employer group insurance. The 3rd line says if the employer has less than 20 employees, Medicare is the first payor and in order for you to have coverage you will want and need both A & B in that circumstance. And it may be less expensive to add a Medicare supplement & Part D plan or an advantage plan if available in your area than to pay for Medicare Part B and the employer insurance. Just do the math to compare if that applies.
If an individual is laid off and their employment and coverage are abruptly ended, prior to the end of the month, can they request their Part B coverage start the month that the employment ended, instead of the next month? If they are restricted to the next month (or later) that leaves them with a gap in coverage.
Unfortunately, Medicare's effective dates for changes are only the first of a given month, and assuming you lost coverage August 2nd, and submitted the CMS40-B & CMS-L564 the very next day, the earliest effective date in that case would be September 1st which does leave a gap. Call your local Social Security office as they handle the enrollment forms for Medicare. You can find local office contact info using this link: secure.ssa.gov/ICON/main.jsp#officeResults
I also have an updated video on adding Part B after employer coverage ends. The online method is getting overwhelmed and we are finding faxing paper forms to your local SS office is faster in getting the coverage in place. th-cam.com/video/PiQjERcFZmc/w-d-xo.html
@@AffordableMedicareSupplements Thank you for your response. Medicare really needs to fix this so that the employee is able to have Part B start during the month that the employment is terminated. It is really a slap in the face when the 65+ crowd abruptly loses their coverage because their position is eliminated, and they have no control over the date of the loss of employment or the last day of coverage, therefore leaving them with a gap in coverage before they can get Part B active. :-(
@@AffordableMedicareSupplements I wish I had seen your videos last week. I already submitted our applications for Part B last week ... and did them on-line because another source indicated that their experience had been that the online method was fastest. I wish I had known that the most current wisdom is to fax the applications to the local office, to get processed sooner.
Amazingly, SSA honored our request for a start date of August, when we applied for Part B in August, after my husband was laid off and lost his health care coverage mid-month.
Others might not want to count on that, but it did work for us. We will have to pay the premium for August, even though it turns out that we didn't have any medical expenses that month. But, we were willing to take that risk, when we applied, just in case we did end up with major medical expenses that month.
We checked the SSA site every few days, and didn't find out that Part B had been activated for August, until September 6. It would have been awesome if they had called us to confirm whether we still needed that coverage in August, if they didn't even process it until September ... but ... oh well.