If you have an HSA qualified health plan, wouldn't signing up for part A make you ineligible for HSA contributions? Wondering if this may be a reason to delay signing up for part A as well.
Yes, that's exactly right. And when you do go to use your Part B SEP to enroll, your Part A will be retroactive up to 6 months, so it's important to stop HSA contributions in advance of adding Part B. I cover this in more depth here: th-cam.com/video/RsVJKTMDeio/w-d-xo.html
thank u for updating us, turning 65 years age ,making easy for us .we dont need to be obligated by young ones to be educated in this subject .GOD BLESS YOU,
You are the only resource I've found to give the address for on-line applications to medicare part b. Thank you so much!!! I will be contacting you in the near future for a Medigap plan. I love you and your concise videos!!!
Oh my gosh! Thank you so much for this video. The step-by-step instructions for filing on the Medicare website made it an accomplishable task…even for a non tech savvy person like me. Saved the docs showing drug coverage per your suggestion, too. Now, to figure out the MA vs. supplement🤨
I’ve learned so much from your channel. This particular video explained my approaching dilemma; well, what I thought was a dilemma. Thank you for wise consult!
Can you also purchase the Supplemental plan during SPE? Do you know how successful arguing about a 1 yr skew in adjusted gross income? IIRMA: and who to go to to discuss the unusual 1 time situation that kicked AGI Fed Income Tax to a mid 6 digit figure?
Great video...very informative. I recently turned 66 and still working. I am planning on retiring within the first quarter of 2022 and debating on whether or not to just move over to a Medicare Advantage plan starting Jan 1 (Medicare Part B +). Do I still an proof of my employer medical coverage if I do this clean break at year end? The cost I am paying through my employer appears to be higher than Medicare costs.
Stephanie, great information. One topic I would like to hear about is how you TURN DOWN part A & B, until you are ready to ENROLL, since a spouse is still covered by my employer insurance? Because if my husband starts taking his retirement benefits, I think he'll automatically get enrolled into PART A (and maybe Part B), so we don't want to enroll I those yet. How dod you communicate to Social security that you don't want Part A and B? thank you so much.
I am on SS now. I am on peers retirement and I am paying for my on full coverage insurance until I turn 65 in August 2023.When should I stop paying full coverage insurance and get other insurance with Medicare. I understand from your other videos. I will get Medicare on August 1st.
Great info, Stephanie. Love your videos. About 1 year out from 65. My wife and I both work but I carry our healthcare for both of us thru my employer. Would we only need to submit one letter/form of healthcare insurability signed by my employer? Thank you!
I'm still confused. I plan on working well past 65. I'm told enrolling in medicare is mandatory and failure to do so will result in penalties. How can I stay on my current company plan and continue my matching HSA contributions if I enroll?
Thank you very much for the videos. I have not been able to see one that covers retired but still covered under employer plan. I recently retired and am under my OPM health insurance plan. Applying for Medicare the question is 'Are you covered under a Group Health Plan?' I checked yes. Then 'Are you covered under a GHP through your current employer?' I checked no. I am retired. Next 'Are you covered under another persons employment?' I checked no. It did not like my answers. Is my past employers covered health plan no longer considered a GHP because I'm retired. Thank you in advance.
Great videos! If you have a Medicare Supplement Plan G, are you covered for the normal charges associated with an annual physical, understanding that Medicare only covers an annual wellness visit? Thank you
Thanks for your helpful videos, and especially for the chapter divisions. Just a technical suggestion - there's a fair amount of echo in the recordings, and having a microphone close to your mouth would eliminate part of that and make them a bit easier to listen to.
For those who are still working past 65, and they did not enroll in Part A, thinking they can enroll in both Part A and Part B when they are ready for retirement ... do they actually need to enroll in Part A now, or can they wait to enroll both Part A and Part B when they are about to retire?
Stephanie, the production value and content on your videos is excellent. Have a question: On spouse's GHP, no HSA, low deductibles with 20+ employees--not collecting SS. Applying for Part A only--assuming that's the right thing to do. Does Medicare automatically become secondary or is there something in the application I have to be aware of to make this choice or prove this scenario? GHP is excellent plan with vision and prescriptions and do not want that to be affected in any way..
Thank you Gary :-) In your case, Medicare Part A would become secondary, and there is no additional action you need to take to be sure it pays as secondary. This document can help explain: www.medicare.gov/Pubs/pdf/02179-Medicare-Coordination-Benefits-Payer.pdf
I have known about delaying part B if you keep working past 65. I am 64 and I am planning on working past 65. 65th birthday is 10/22. I wrote my company HR dept. last week and what I got back from them makes no sense. Mostly I wanted to know who is Primary and who is Secondary. They answered like this: " Our policy would automatically become Secondary to Medicare at the same costs you pay now" . I think that is the wrong answer and makes me think, why would I keep the bad plan I have with them and not just go Medicare + Supplement for same price and better deductibles and max out of pocket.
That does sound like a better bet, I would be looking at what you are currently paying now for the employer plan, as well as the employer size. Please feel free to call us with questions at 888-465-9728.
What happens if a person has enrolled in part A only and is still working at age 65+, then unexpectedly loses their job and their company health insurance? Are they able to get Part B, Part D, and a Plan G immediately or are they left stranded with no health insurance coverage for months or until another enrollment period?
Very helpful, as always. I'm 75. I am already covered by part A. I will lose my employer coverage in January 2025. What is the earliest I can apply for part B coverage that would start in January 2025. know I could apply in December 2024, but can I apply earlier? In other words, could i apply for part B coverage for January 2025 in October 2024.
Stephanie, you make it sound all so simple. How is it possible that you and the folks a SS could be so out of sync? Several people at Social Security on chat and on phone including two people who were supervisors, told me that under no circumstances could I apply for Medicare part B on line IF I was already signed up for part A. They told me that my on line application would would be trashed. So after waiting 60 days for some kind of response indicating my acceptance in part B, I gave up and started over and faxed in another application.
You cannot enroll in Part B online during your initial enrollment period (IEP), if you already have Part A. The Part B Special Enrollment Period online application is a different application than the one used in your initial enrollment period. You can use this SEP online application if you have Part A.
Today is 03/13/22 and plan to give notice when set up on SS. and part B. With Covid changes, are they still allowing beneficiaries to fill out the employer form and attach proof if insurance without a employer signature? I would fill out form but not sign and attach pay stud or tax insurance form?
I have been covered under my work group plan. I worked past 65. Am now 68. I already have Medicare part a and want 5o apply online for part b. If I apply online do I still need to attach form 564 if I apply for part b online or is there a different way I can prove my current work coverage? Please let me know what I can use to prove my coverage? Thank you
Bonnie, the online application will give you several options you can include like a letter of employment, pay stubs showing health insurance deductions, etc.
Hi Stephanie, my mother has already signed up for medicare A and B although she still works and has the option to enroll with her job insurance, can she discontinue part B wit or without without penalty?
what can. you use for proof of current coverage if your employer doesn't sign the form? can. you use your paycheck which shows your insurance premiums?
I am applying for Medicare B on line, and the part that ask for proof of insurance from your employer, there are two boxes to upload proof that I was covered under my employer's group plan. Do I need 2 forms of proof, or just one?
You can delay Part B if on your spouses employer plan too. There are no penalties as long as you follow the Part B special enrollment period guidelines.
@@AbtInsuranceAgency Will I have a problem in getting Medigap coverage if I delay much later than 65? Will health underwriting deny me coverage because of previous or current health issues or rates increase? Or is this paired/included with Medicare part B in having an enrollment period. Wife's policy is cheaper than having to purchase Part B and Medigap (her employer has hundreds of workers). So complicated and scary penalties! Thanks for the help!
@@coppingtonfarnham7731 your Medigap open enrollment period is based on your Part B effective date so you will still have the chance to purchase any Medigap plan without medical underwriting!
Another tip: You *cannot* use your Part B Special Enrollment Period ("SEP") if you are you in your "Initial Enrollment Period" (IEP) when you are trung 65! Medicare likes to keep it fun with all the rules and regulations :-)
Hi Stephanie, I watched the video Working Past age 65 and I am still confused. I am hoping you can answer my questions. I have unusual circumstances. I am currently unemployed. I turn 65 in September. I am currently and have been for years on my retired husbands Blue Cross Blue Shield Federal insurance. I am seeking employment now as I am not ready to retire yet and would like to work another 2-3 years if possible. I would like to get on Medicare part A when I am eligible and sign up for Part B at a later date when I am ready to retire. If I am unable to find employment can I still stay on my husbands insurance and not sign up for Part B until at least my full social security full retirement age? I believe there is a form I need to fill out to do this. Is Blue Cross Blue Shield Federal considered credible coverage for Medicare? Thank you for your videos they are very informative!
Since your husband is retired and not an active employee, staying on his retiree insurance does not count as creditable for delaying part B. If you do not have a new job with an active employer health plan available to you by the end of December (which is the end of your 7 month IEP) then you would want to enroll in both Medicare A and B in order to avoid penalties. If you get a job with an employer health plan after that time, you could always cancel your Part B by contacting social security. I hope this helps!
The form CMS-40B states WHO CAN USE THIS APPLICATION? People with Medicare who have Part A but not Part B NOTE: If you do not have Part A, do not complete this form. Contact Social Security if you want to apply for Medicare for the first time. So what do you do if you do not have Part A and you want to sign up during your SEP? Do you have to call or go in person to do this?
You can still complete the form and submit to social security. In the comments sections you will write that you are applying for Medicare A and B for the first time. Enrolling in person at your local social security office with this form is the preferred option, if possible.
So turning 65. Employer over 20 employees. I do not use the HSA. My group health insurance premium is under $200 month for spouse and myself. Spouse is 64. Do I just sign up for Medicare Part A only and my health insurance through employer will keep paying (for spouse and I) until I retire in 3 years?
Hi Stephanie, I plan to work pass 65 and stay on my current employer plan. Because I don't have HSA, I also am thinking on signing up Part A during IPL. However, will it be interfering with my company health insurance coverage when I am on Part A ? What is the benefit of signing up of Plan A while still having employer plan ??? BTW, I enjoy your video very much !!!!
You can apply for Part A, without any "interference". As long as your employer plan is Primary, Part A will typically not see any/many claims. This document helps to explain how Medicare works with employer insurance: www.medicare.gov/sites/default/files/2021-10/02179-Medicare-and-other-health-benefits-your-guide-to-who-pays-first.pdf
Hi Stephanie, I plan to work pass 65 and I have insurance from my employer now, and I’ll have almost one year after I retire and also I have HSA at this time Do I need to sign up for Medicare part A now or I have to wait ? Is so confusing with all the info from Medicare Thank you
If you have an HSA you should wait to apply for Part A. You should not make HSA contributions while on Part A or B. Best practice is to stop all HSA contributions 6 months prior to enrolling in Medicare since they can backdate your Part A coverage.
Hi Stephanie, I am 66+and still working . Can I apply for medicare part A any time if I stop HSA contribution at least 6 month ? and sign up Medicare part B in SEP when I decide retirement.
One of our employees is under age 65, but her husband is 67. They are both covered under our company-provided medical insurance plan all along. I learned from our employee that her husband never enrolled for Medicare Part A. Is there a penalty to him because of this? He has not yet begun to collect social security benefits. How does he enroll in Part A & Part B and begin to collect social security?
He will not face a penalty if he has coverage through his spouse and his spouse is actively employed. He can follow the instructions in this video to enroll in Medicare Parts A and B!
If I am still working with company medical coverage and I also prev enrolled in part a and b can I still get a supplement plan when I do retire without having to answer the medical questions? I did not see that addressed here or I missed it. Thank you
I purchased a Medicare supplement (Plan N) through your insurance agency (Mutual of Omaha). My Part B alone is going to cost me $475 per month (thanks to IIRMA). My supplement is costing $200 per month. I left my job to retire and Cobra will cover me for $650 per month. Note that Cobra is cheaper. Can you think of any reason for me not to sign up with Cobra and drop Part B and the supplement? Seems pretty straight forward to me, but I'd like your opinion.
COBRA does not count as creditable coverage for Part B. So if you miss your Part B SEP enrollment window now as you retire, you will face penalties and possible coverage delays when you do come off of COBRA and want to enroll in Medicare Part B down the road. I hope this helps, call us with questions at any time!
Thanks, I am one of those who are older than 65 and still working. I have health ins. through my employer , I work for a large company. Would it be smart to sign up for Part B even though I don`t really need it right now but I may retire in two or three months?? Is it OK to have both Medicare and my employer health coverage ??
I usually advise waiting until you retire or right before to add part B. Your Medicare Supplement open enrollment window lasts 6 months from your Part B effective date, so you want to be able to take of advantage of that too.
If you defer Part B because you have group coverage at work .. later on when you use SEP to enroll for part B, can you also enroll in Part G and Part D at that time?
So.. I plan on working til 68, which is full retirement. Do i have to sign up at all for anything if I am workkng for a large company and have group health benefits? Confusing.. Thanks
I am approaching 65 (in four months) I am a partner in a firm with 22 full time and 3 part time employees. How is the "20 employees" calculated ? What if one of the employees is getting SS? What if over the last few years the 22 could be 19 or 15 ? (covid) .... Help.... cant find anywhere
Over 20 employees (full or part time) means you can delay part B without penalty and that if you do so, your employer health plan will stay primary. If your business fluctuates quite a bit and could at any time be less than 20 employees then I would advise enrolling in Medicare A and B to avoid claims issues.
You can delay Part B, but you would want to reference this guide to how Medicare will coordinate benefits with your union health plan: www.medicare.gov/Pubs/pdf/02179-Medicare-Coordination-Benefits-Payer.pdf
This was a fantastic video! I have been in limbo trying to determine what my next step was in the Medicare enrollment process. I enrolled in part A at 65. I am now 66+ and was laid off in April of 2021 but receive a severance package where I continue to receive my salary plus my health insurance coverage until April of 2022 I enrolled for SS in May and was then told that i had to apply for Part B within the next 8 months. I tried to explain that I would still be receiving health coverage until April-2022. It did not seem to compute. It seems that if I fill out CMS-L564, I will qualify for a special enrollment period and can wait until April of 2022?
If you have an HSA qualified health plan, wouldn't signing up for part A make you ineligible for HSA contributions? Wondering if this may be a reason to delay signing up for part A as well.
Yes, that's exactly right. And when you do go to use your Part B SEP to enroll, your Part A will be retroactive up to 6 months, so it's important to stop HSA contributions in advance of adding Part B. I cover this in more depth here: th-cam.com/video/RsVJKTMDeio/w-d-xo.html
thank u for updating us, turning 65 years age ,making easy for us .we dont need to be obligated by young ones to be educated in this subject .GOD BLESS YOU,
You are the only resource I've found to give the address for on-line applications to medicare part b. Thank you so much!!! I will be contacting you in the near future for a Medigap plan. I love you and your concise videos!!!
I look forward to hearing from you!
remember, you cannot buy a Medigap plan without that Part B card in hand.
thank you stephanie!!!! for your wonderfull presentation , easy to understand and to the point!!!!!
Hey Stephanie. Thank you so much for these videos. They really help me out in explaining Medicare topics to clients.
Oh my gosh! Thank you so much for this video. The step-by-step instructions for filing on the Medicare website made it an accomplishable task…even for a non tech savvy person like me.
Saved the docs showing drug coverage per your suggestion, too.
Now, to figure out the MA vs. supplement🤨
We can help with that! 888-465-9728
This video is a gem and gives great advice,
Thank you!
I’ve learned so much from your channel. This particular video explained my approaching dilemma; well, what I thought was a dilemma. Thank you for wise consult!
Can you also purchase the Supplemental plan during SPE?
Do you know how successful arguing about a 1 yr skew in adjusted gross income? IIRMA: and who to go to to discuss the unusual 1 time situation that kicked AGI Fed Income Tax to a mid 6 digit figure?
Great video...very informative.
I recently turned 66 and still working. I am planning on retiring within the first quarter of 2022 and debating on whether or not to just move over to a Medicare Advantage plan starting Jan 1 (Medicare Part B +). Do I still an proof of my employer medical coverage if I do this clean break at year end? The cost I am paying through my employer appears to be higher than Medicare costs.
Well done
Questions about enrolling with your Part B Special Enrollment Period? Leave them here!
Stephanie, great information. One topic I would like to hear about is how you TURN DOWN part A & B, until you are ready to ENROLL, since a spouse is still covered by my employer insurance? Because if my husband starts taking his retirement benefits, I think he'll automatically get enrolled into PART A (and maybe Part B), so we don't want to enroll I those yet. How dod you communicate to Social security that you don't want Part A and B? thank you so much.
At what time should you enroll in Medicare relative to your retirement date?
I am on SS now. I am on peers retirement and I am paying for my on full coverage insurance until I turn 65 in August 2023.When should I stop paying full coverage insurance and get other insurance with Medicare. I understand from your other videos. I will get Medicare on August 1st.
Yes! Give us a call, we can help you go over the best timeline. 888-465-9728.
Great info, Stephanie. Love your videos. About 1 year out from 65. My wife and I both work but I carry our healthcare for both of us thru my employer. Would we only need to submit one letter/form of healthcare insurability signed by my employer? Thank you!
No, you will each need a form L-564 when applying (unless you enroll during your Initial Enrollment Period when turning 65).
I'm still confused. I plan on working well past 65. I'm told enrolling in medicare is mandatory and failure to do so will result in penalties. How can I stay on my current company plan and continue my matching HSA contributions if I enroll?
Thank you very much for the videos. I have not been able to see one that covers retired but still covered under employer plan. I recently retired and am under my OPM health insurance plan. Applying for Medicare the question is 'Are you covered under a Group Health Plan?' I checked yes. Then 'Are you covered under a GHP through your current employer?' I checked no. I am retired. Next 'Are you covered under another persons employment?' I checked no. It did not like my answers. Is my past employers covered health plan no longer considered a GHP because I'm retired. Thank you in advance.
Yes, “current employer” means actively employed. Retiree plan benefits are not considered the same as a current employer group health plan.
Great explanation. Thanks Stephanie!
You are so welcome!
Great videos! If you have a Medicare Supplement Plan G, are you covered for the normal charges associated with an annual physical, understanding that Medicare only covers an annual wellness visit?
Thank you
Thanks for your helpful videos, and especially for the chapter divisions. Just a technical suggestion - there's a fair amount of echo in the recordings, and having a microphone close to your mouth would eliminate part of that and make them a bit easier to listen to.
Thanks for the feedback - you'll find my more recent videos should have better audio. This is a learning process for me :-)
Related question: When if ever do I stop paying OASDI and Medicare taxes? I'm 64, and recently put on LTD along with SSDI. as only sources of income.
You will still be eligible for Medicare benefits as long as you meet the criteria.
For those who are still working past 65, and they did not enroll in Part A, thinking they can enroll in both Part A and Part B when they are ready for retirement ... do they actually need to enroll in Part A now, or can they wait to enroll both Part A and Part B when they are about to retire?
For the online option...if you haven't enrolled in Medicare yet, how do you get a Medicare number?
Stephanie, the production value and content on your videos is excellent. Have a question: On spouse's GHP, no HSA, low deductibles with 20+ employees--not collecting SS. Applying for Part A only--assuming that's the right thing to do. Does Medicare automatically become secondary or is there something in the application I have to be aware of to make this choice or prove this scenario? GHP is excellent plan with vision and prescriptions and do not want that to be affected in any way..
Thank you Gary :-)
In your case, Medicare Part A would become secondary, and there is no additional action you need to take to be sure it pays as secondary. This document can help explain: www.medicare.gov/Pubs/pdf/02179-Medicare-Coordination-Benefits-Payer.pdf
I have known about delaying part B if you keep working past 65. I am 64 and I am planning on working past 65. 65th birthday is 10/22. I wrote my company HR dept. last week and what I got back from them makes no sense. Mostly I wanted to know who is Primary and who is Secondary. They answered like this: " Our policy would automatically become Secondary to Medicare at the same costs you pay now" . I think that is the wrong answer and makes me think, why would I keep the bad plan I have with them and not just go Medicare + Supplement for same price and better deductibles and max out of pocket.
That does sound like a better bet, I would be looking at what you are currently paying now for the employer plan, as well as the employer size. Please feel free to call us with questions at 888-465-9728.
What happens if a person has enrolled in part A only and is still working at age 65+, then unexpectedly loses their job and their company health insurance? Are they able to get Part B, Part D, and a Plan G immediately or are they left stranded with no health insurance coverage for months or until another enrollment period?
What time zone are you in and what are your hours for call center? Thanks
We are on central standard time, 9-5 M-F!
What about if I’m retired now at 57 getting a pension with negotiated lifetime medical? I’m also working full time in my retirement.
Thank you! 👍
Very helpful, as always. I'm 75. I am already covered by part A. I will lose my employer coverage in January 2025. What is the earliest I can apply for part B coverage that would start in January 2025. know I could apply in December 2024, but can I apply earlier? In other words, could i apply for part B coverage for January 2025 in October 2024.
If Medicare is cheaper than what you were paying at work, can you just go with that Medicare and B plan?
Yes, if you are eligible for Medicare.
Can I get these forms at the social security office
Stephanie, you make it sound all so simple. How is it possible that you and the folks a SS could be so out of sync?
Several people at Social Security on chat and on phone including two people who were supervisors, told me that under no circumstances could I apply for Medicare part B on line IF I was already signed up for part A. They told me that my on line application would would be trashed. So after waiting 60 days for some kind of response indicating my acceptance in part B, I gave up and started over and faxed in another application.
You cannot enroll in Part B online during your initial enrollment period (IEP), if you already have Part A. The Part B Special Enrollment Period online application is a different application than the one used in your initial enrollment period. You can use this SEP online application if you have Part A.
@@AbtInsuranceAgency the gals at SS are all confused as well....
Today is 03/13/22 and plan to give notice when set up on SS. and part B. With Covid changes, are they still allowing beneficiaries to fill out the employer form and attach proof if insurance without a employer signature? I would fill out form but not sign and attach pay stud or tax insurance form?
Yes, they are still allowing that at this point.
I have been covered under my work group plan. I worked past 65. Am now 68. I already have Medicare part a and want 5o apply online for part b. If I apply online do I still need to attach form 564 if I apply for part b online or is there a different way I can prove my current work coverage? Please let me know what I can use to prove my coverage? Thank you
Bonnie,
the online application will give you several options you can include like a letter of employment, pay stubs showing health insurance deductions, etc.
@@AbtInsuranceAgency thank you so much for your very helpful and useful information. I appreciate your prompt reply
been listening to you for a while, but if you don't service Connecticut,,,you cant help if i call?...but still like your style...thanks
So informative!!’
How do I complete the Medicare Part B enrollment (after age 65) if I don't have a Medicare number yet if the form asked for it?
Hi Stephanie, my mother has already signed up for medicare A and B although she still works and has the option to enroll with her job insurance, can she discontinue part B wit or without without penalty?
what can. you use for proof of current coverage if your employer doesn't sign the form? can. you use your paycheck which shows your insurance premiums?
Yes, that is an example of documentation you can use.
I am applying for Medicare B on line, and the part that ask for proof of insurance from your employer, there are two boxes to upload proof that I was covered under my employer's group plan. Do I need 2 forms of proof, or just one?
What if you are on a spouse's group insurance? Should you delay Part B until your spouse retires? What issues are there with doing this?
You can delay Part B if on your spouses employer plan too. There are no penalties as long as you follow the Part B special enrollment period guidelines.
@@AbtInsuranceAgency Will I have a problem in getting Medigap coverage if I delay much later than 65? Will health underwriting deny me coverage because of previous or current health issues or rates increase? Or is this paired/included with Medicare part B in having an enrollment period. Wife's policy is cheaper than having to purchase Part B and Medigap (her employer has hundreds of workers). So complicated and scary penalties! Thanks for the help!
@@coppingtonfarnham7731 your Medigap open enrollment period is based on your Part B effective date so you will still have the chance to purchase any Medigap plan without medical underwriting!
Another tip: You *cannot* use your Part B Special Enrollment Period ("SEP") if you are you in your "Initial Enrollment Period" (IEP) when you are trung 65! Medicare likes to keep it fun with all the rules and regulations :-)
Hi Stephanie, I watched the video Working Past age 65 and I am still confused. I am hoping you can answer my questions. I have unusual circumstances. I am currently unemployed. I turn 65 in September. I am currently and have been for years on my retired husbands Blue Cross Blue Shield Federal insurance. I am seeking employment now as I am not ready to retire yet and would like to work another 2-3 years if possible. I would like to get on Medicare part A when I am eligible and sign up for Part B at a later date when I am ready to retire. If I am unable to find employment can I still stay on my husbands insurance and not sign up for Part B until at least my full social security full retirement age? I believe there is a form I need to fill out to do this. Is Blue Cross Blue Shield Federal considered credible coverage for Medicare? Thank you for your videos they are very informative!
Since your husband is retired and not an active employee, staying on his retiree insurance does not count as creditable for delaying part B.
If you do not have a new job with an active employer health plan available to you by the end of December (which is the end of your 7 month IEP) then you would want to enroll in both Medicare A and B in order to avoid penalties. If you get a job with an employer health plan after that time, you could always cancel your Part B by contacting social security. I hope this helps!
The form CMS-40B states
WHO CAN USE THIS APPLICATION?
People with Medicare who have Part A but not Part B
NOTE: If you do not have Part A, do not complete this form.
Contact Social Security if you want to apply for Medicare for
the first time.
So what do you do if you do not have Part A and you want to sign up during your SEP? Do you have to call or go in person to do this?
You can still complete the form and submit to social security. In the comments sections you will write that you are applying for Medicare A and B for the first time. Enrolling in person at your local social security office with this form is the preferred option, if possible.
So turning 65. Employer over 20 employees. I do not use the HSA. My group health insurance premium is under $200 month for spouse and myself. Spouse is 64. Do I just sign up for Medicare Part A only and my health insurance through employer will keep paying (for spouse and I) until I retire in 3 years?
Yes!
Hi Stephanie, I plan to work pass 65 and stay on my current employer plan. Because I don't have HSA, I also am thinking on signing up Part A during IPL. However, will it be interfering with my company health insurance coverage when I am on Part A ? What is the benefit of signing up of Plan A while still having employer plan ??? BTW, I enjoy your video very much !!!!
You can apply for Part A, without any "interference". As long as your employer plan is Primary, Part A will typically not see any/many claims. This document helps to explain how Medicare works with employer insurance:
www.medicare.gov/sites/default/files/2021-10/02179-Medicare-and-other-health-benefits-your-guide-to-who-pays-first.pdf
Hi Stephanie, I plan to work pass 65 and I have insurance from my employer now, and I’ll have almost one year after I retire and also I have HSA at this time
Do I need to sign up for Medicare part A now or I have to wait ?
Is so confusing with all the info from Medicare
Thank you
If you have an HSA you should wait to apply for Part A. You should not make HSA contributions while on Part A or B. Best practice is to stop all HSA contributions 6 months prior to enrolling in Medicare since they can backdate your Part A coverage.
Hi Stephanie, I am 66+and still working . Can I apply for medicare part A any time if I stop HSA contribution at least 6 month ? and sign up Medicare part B in SEP when I decide retirement.
One of our employees is under age 65, but her husband is 67. They are both covered under our company-provided medical insurance plan all along. I learned from our employee that her husband never enrolled for Medicare Part A. Is there a penalty to him because of this? He has not yet begun to collect social security benefits. How does he enroll in Part A & Part B and begin to collect social security?
He will not face a penalty if he has coverage through his spouse and his spouse is actively employed.
He can follow the instructions in this video to enroll in Medicare Parts A and B!
@@AbtInsuranceAgency Thank you for the clarification. We are located in CT. Are you able to help them?
@@robsimon6514 CT is one of the only states we don’t work in.
If I am still working with company medical coverage and I also prev enrolled in part a and b can I still get a supplement plan when I do retire without having to answer the medical questions? I did not see that addressed here or I missed it. Thank you
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I purchased a Medicare supplement (Plan N) through your insurance agency (Mutual of Omaha). My Part B alone is going to cost me $475 per month (thanks to IIRMA). My supplement is costing $200 per month. I left my job to retire and Cobra will cover me for $650 per month. Note that Cobra is cheaper. Can you think of any reason for me not to sign up with Cobra and drop Part B and the supplement? Seems pretty straight forward to me, but I'd like your opinion.
COBRA does not count as creditable coverage for Part B. So if you miss your Part B SEP enrollment window now as you retire, you will face penalties and possible coverage delays when you do come off of COBRA and want to enroll in Medicare Part B down the road. I hope this helps, call us with questions at any time!
Thanks, I am one of those who are older than 65 and still working. I have health ins. through my employer , I work for a large company. Would it be smart to sign up for Part B even though I don`t really need it right now but I may retire in two or three months?? Is it OK to have both Medicare and my employer health coverage ??
I usually advise waiting until you retire or right before to add part B. Your Medicare Supplement open enrollment window lasts 6 months from your Part B effective date, so you want to be able to take of advantage of that too.
@@AbtInsuranceAgency Thank You . one more question , when I apply for part B how long does it take to take effect after I sign up ??
@@moneymanfernando1594 It can go into effect generally as early as the first day of the next month following your enrollment.
@@AbtInsuranceAgency Thanks
in the same boat,thinking about dropping all employer ins. ,go to part b + d,+ supplement...might get pissedoff and just quit
how much is vision insurance
If you defer Part B because you have group coverage at work .. later on when you use SEP to enroll for part B, can you also enroll in Part G and Part D at that time?
Yes! Your Medigap open enrollment period starts with your part B effective date, and you’ll get an SEP to apply for a Part D drug plan.
Yes! Your Medigap open enrollment period starts with your part B effective date, and you’ll get an SEP to apply for a Part D drug plan.
So.. I plan on working til 68, which is full retirement.
Do i have to sign up at all for anything if I am workkng for a large company and have group health benefits?
Confusing..
Thanks
No! If you plan to keep working and have company health benefits you can do nothing at age 65 and just wait until you retire to enroll.
Are you license in Florida?
Yes, we are! 888-465-9728
I am approaching 65 (in four months) I am a partner in a firm with 22 full time and 3 part time employees. How is the "20 employees" calculated ? What if one of the employees is getting SS? What if over the last few years the 22 could be 19 or 15 ? (covid) .... Help.... cant find anywhere
Over 20 employees (full or part time) means you can delay part B without penalty and that if you do so, your employer health plan will stay primary. If your business fluctuates quite a bit and could at any time be less than 20 employees then I would advise enrolling in Medicare A and B to avoid claims issues.
What if im in a union provided healh plan but my actual employer doesnt regularly employ more than 20 employees
You can delay Part B, but you would want to reference this guide to how Medicare will coordinate benefits with your union health plan: www.medicare.gov/Pubs/pdf/02179-Medicare-Coordination-Benefits-Payer.pdf
This was a fantastic video! I have been in limbo trying to determine what my next step was in the Medicare enrollment process. I enrolled in part A at 65. I am now 66+ and was laid off in April of 2021 but receive a severance package where I continue to receive my salary plus my health insurance coverage until April of 2022
I enrolled for SS in May and was then told that i had to apply for Part B within the next 8 months. I tried to explain that I would still be receiving health coverage until April-2022. It did not seem to compute. It seems that if I fill out CMS-L564, I will qualify for a special enrollment period and can wait until April of 2022?
remember it will take a month or more to get signed up for a part B. And in my case they lost the application.
what is the answer to this?? please reply Stephanie
Part A????
watching you daily. Emailed you yesterday, no response yet.