Medicare & Employer Health Insurance

If you're covered in a group health plan based on your employment or your spouse's employment...and you're Medicare-eligible...you need to watch this video. More detail located at our blog: bit.ly/employerinsurance
---------------------------------------------------------------------------------------------------
Medicare Mindset LLC is an independent insurance agency specializing in Medicare Health Insurance planning. We offer guidance, strategies, and insurance enrollment help from start to finish. Our approach to Medicare insurance planning will simplify things so you are well-informed and confident in your choices.
www.medicaremindset.com
medicaremindset
www.linkedin.com/company/medicaremindset
/ medicaremindset
Medicare Mindset, LLC
866.656.4020 office
[e-mail]

[@RolandCaston]

Why does this have to be so complicated?

[@MedicareSchool]

Thanks for covering this!

[@andystamas]

Absolutely! :o)

[@mattmathew3115]

Hello. I have some questions about Medicare.
First of all my birthday is on 09/23/1956 and I work in a big company that has about 1,541,000 employees and I chose (Aetna
HSA, high deductible plan coverage). I want to know if it is ok to delay Medicare until I work at this company?
The next question is that my wife’s birthday is 05/14/1959 and she will turn 65 on 05/14/2024. She works at a big company with
about 2,300,000 employees and has employer (KP DHMO Coverage). Is it ok to delay Medicare until she works at this
company?
Please let me know.
Thank you.

[@georgemontes8440]

So from what I understand here is not really a good thing to have medicare part A and B and a employer supplied health insurance, because I got to pay the medicare premium and and what ever partial premium from the employer supplied health insurance, Is that right? Also if I cancel part "B" of my medicare, when I quit working can I get it back with no penalty? Right now I'm retired but was offered a job that I like, now I don't know what's better for me, have 2 health insurances or drop one, but which one?

[@andystamas]

George - In general, yes...you don't need Part B when covered on a large employer health plan (i.e. you're 65+ and the employer has 20+ employees). You typically wouldn't want to pay both the group plan premium and Part B premium. But there are some exceptions to that rule.
For example, if you have ESRD (kidney failure), we always recommend keeping A & B when on a group plan of any size. Another example is Social Security disability situations. Sometimes those folks feel more comfortable having the extra coverage and paying both the group health premium and the Part B premium. But that's a case-by-case basis.
If you cancel Part B and join a large employer health plan, you can add it back again later without penalty when you come off that group plan (or up to 8 months after losing that coverage). As far as what you should do, I don't know. It would require comparing the group plan coverage to Medicare with supplemental coverage, as well as the cost in both scenarios. Depending on your state of residence, we might be able to help you. If you don't live in a state we're licensed in, we can connect you with a trusted agent we know in your state. Email us at [e-mail] and we'll go from there. Thanks.

[@arcanearcanum8926]

If you get insurance through a job, will they automatically know or be able to see your health records and diagnosis?

[@MedicareMindset]

Who is "they"? The employer? Medicare? An employer of course sees the medical utilization of its employees overall. And then Medicare sees each individual's claims as they come in. But health records and pre-existing conditions would be unknown prior to signing up for a group health plan or Medicare.

[@Diamond-gv7xw]

If a man age 43 is on disability and has medicare part a and part b can he cancel both plans and have his mother put him on her health plan which is through government?

[@MedicareMindset]

Thanks for your question. If on SSDI, you must keep Medicare Part A...but can cancel Part B, if you don't need it (i.e. covered a group health plan based on active work, and the employer has 100+ employees). Whether this person can get on the group plan through the government (i.e. FEHB), you'll need to check with your human resources contacts. Take care.

[@mrdeyabu0077]

🙏🙏🙏

[@jenjenkins]

What if the employee's spouse has Medicare due to disability?

[@MedicareMindset]

Hi Jennifer - I'm not exactly sure what your question is...specific to creating a My Social Security online account.

[@jacquibreitenbucher6913]

I turn 65 years old July 2, 2024. I plan to continue my employer's insurance plan as a supplement to Medicare even though I retired June, 2022. Do I need to apply for Part B? How do I apply for Part B as the application process doesn't ask for retired-only still working?

[@andystamas]

Thanks for your question. If you're no longer working for the employer, then you can't delay Medicare...unless you're benefit eligible at another employer you're working for currently. So can you confirm that? Are you working somewhere else now, or are you fully retired from work?
If you're retired from work, then you need to enroll in BOTH Parts A & B. It's primary coverage in this scenario.
Does your employer offer a retiree health plan for Medicare eligible folks? We don't see that often, though. If they don't, then you'll need to get either a Medigap plan and Part D drug plan...OR...a Medicare Advantage (Part C) plan.

[@jacquibreitenbucher6913]

I am fully retired. But my employer allows retired employees to continue health coverage via Blue Anthem. I need this coverage for my youngest son until he has acquired a job w health benefits. I will apply for Part A & B. Your videos have been very helpful. Thank you!

[@andystamas]

@@jacquibreitenbucher6913 Gotcha. Then yes, you will need to enroll in BOTH A & B, as that will be primary coverage. Your employer/retiree health plan will be secondary.

[@mattmathew3115]

Hello. I have some questions about Medicare.
First of all my birthday is on 09/23/1956 and I work at a big company that has 1,541,000
employees and I got (Aetna HSA, high deductible plan employer coverage). I want to
know if it is ok to delay Medicare(part A & Part B) until I work at this company?
The next question is that my wife’s birthday is 05/14/1959 and she will turn 65 on
05/14/2024. She works at a big company with 2,300,000 employees and has employer
Maintenance
Medicare(A & B) until she works at this
Please let me know.
Thank you.