Companies don’t try to move older employees off Medicare. They just try to find ways to move older employees out the door.
@LifecoachDanV3 ай бұрын
lol!
@ABab-jf2jb3 ай бұрын
Yup, that happened to me....forced retirement. 😢
@clwest35382 ай бұрын
Same happened to my dad - at 70 (actually on his birthday!) the company 'eliminated' his position (? a delivery route?) and two months later hired another guy to 'reinstate' the position. Ageism is real.
@j_ben_b2 ай бұрын
Some truth to this... especially larger, public companies (banks, drug companies). If you're not moving up the chain of command by age 55, then you're moving out of full time employment. Sure, they give you 6 months severance, but that's a drop in the bucket relative to a $250,000 health insurance claim. Smaller, private companies are typically just trying to keep the doors open year after year. Health insurance has become the #2 company expense behind salaries, and given the wrecking ball of government regulations, rising claim costs and a shrinking employee market, it's a wonder how many smaller companies survive.
@firehorsewoman4142 ай бұрын
@@clwest3538 true, and they waited until he was no longer a protected class. Age discrimination is only valid for 40-70. [EDIT FOR UPDATE: I was incorrect. See this info: “Legislation signed by President Reagan on October 31, 1986, largely eliminates the age 70 cap on the group of workers protected by the Age Discrimination in Employment Act ("ADEA"). As you know, the ADEA previously protected workers between 40 and 70. With this new legislation, effective January 1, 1987, all workers over age 40 are protected by the ADEA.”
@alansach84374 ай бұрын
For a lot of people Medicare at 65 is a blessing. We couldn't wait. My wife had been putting off hip replacement surgery for years due to high deductibles and copays with our employer's plan. On Medicare (and G Supplement) all we paid was the part B deductible of two hundred and some odd dollars! It was life changing for her.
@Theretirementnerds4 ай бұрын
Agreed! We tried to show this in the middle section. For many, Medicare is better coverage at a lower cost than what they were experiencing before 65 🙂
@pgpc64484 ай бұрын
So glad! Your wife deserves it!
@amylee93 ай бұрын
That’s sad. 😢
@cgilleybsw2 ай бұрын
Completely agree. Wife's plan is now up to a max of 10k co-pays. Hospitals are completely out of control. Told my Urologist I'm delaying all further procedures until I turn 65. Boy, was he pissed.
@sfstucco2 ай бұрын
I’m truly sorry to hear about your situation. No one should have to experience these dilemmas & delays. I’m curious - how many, here, in these unfortunate situations vote Red (Republican)? Not to start a fight or pretend to be superior, but I hope people realize that universal coverage/socialized medicine goes a long,long way to relieving these burdens, financially speaking and logistically speaking. It would cut costs SO, so much if we had a Medicare-for-all (i.e., for all who select it) scheme, from birth to death. There are variations that can include some copayments (or not), depending on how it’s structured. But expense , experience, and health outcomes are greatly superior in countries with socialized medicine, in all its forms. Democrats want that.
@joanwood94804 ай бұрын
Guess what? At 65 years old with no insurance and heart disease you best believe I'm getting on medicare. No medication for my heart for 12 Years! Damn right I'm getting medicare
@Theretirementnerds4 ай бұрын
Medicare is great for many!
@joanwood94803 ай бұрын
@@MyPronounIsGoddess not once you turn 65, Aca is not an option
@rheuss13 ай бұрын
Affordable health care isn’t affordable, nobody will cover you once your 65 if you have pre existing Almost everybody does, Medicare and a supplemental is cheaper than private health insurance.
@lusmas993 ай бұрын
@@Theretirementnerds You mention "no penalties" for not taking Medicare. What about premium adjustments based on a physical health exam? I heard if you don't take Medicare at 65, when you take it later your premiums can be tied to / increased based on health status.
@Theretirementnerds3 ай бұрын
@@lusmas99 it's covered in the video around the exceptions to penalties. Specifically if you are covered by a plan through work.
@Mark7233 ай бұрын
Green with envy that such a young, intelligent, handsome man understands the intricacies of Medicare. Why did the federal government decide to torture retirees with such a convoluted health care system...? There should be a Medicare Part M for those who suffer from trauma of dealing with this information and decision. Thanks for the information - very helpful to a 64-year/10-month old.
@Theretirementnerds3 ай бұрын
Thank you so much for watching and your kind words 🟢 We agree... it should be much more simple.
@savannahsmiles17973 ай бұрын
anything FORCED on we the people by government is SUBPAR and expensive, and YES, I am a licensed producer who enrolled in medicare and it GOUGES the general public for aging OUT
@sfstucco2 ай бұрын
Lol, “Medicare Part M”!! So true. Uggh, things are so much easier in most other democracies, ones with some form of socialized healthcare/insurance. If you haven’t lived elsewhere, you’d have no idea how much smoother everything is.
@Tsimy8762 ай бұрын
FDR was attempting to get us universal healthcare - which would have simplified all healthcare for every American. Sadly, he died before he could complete the mission. And, not getting political - it's just the truth: republicans have been fighting to block such efforts ever since. Of course, they would like to kill social security, medicaid, and any/all social welfare programs if they could. Thank God FDR was able to implement what he did when he did.... We would be a third world country had he not.
@shkim1032 ай бұрын
I plan to live mostly overseas. Can I pay a penalty for options in to Part B later after 65 and then stop paying? Let's say I'm in the US for a short term 2 months visit and get into a serious costly medical situation, can I pay the penalty premium for two months and terminate it after returning overseas?
@MM-vv8mt2 ай бұрын
Being able to enroll in traditional Medicare (A,B,D,G) and to start collecting Social Security allowed me to walk away at age 65 from my shitty employer and company health insurance to change focus from an unfulfilling career to pickup the creative arts I had to put on a back burner to make a living has been truly liberating.
@Pelican50775 күн бұрын
Great post. Knowing we had SS and Medicare on the horizon allowed us to quit working full time at age 55, sell our house (at a loss), take the wife’s pension early (at a discount), and move onto our gracefully aging 35 ft sailboat with a 5 year plan to see the world. 13 years later we are still in the boat. We supplemented our small income stream along the way by doing all sorts of different jobs which was a fantastic experience. We don’t do that anymore but (until the inflation debacle) we were able to save about 25k per year over those 13 years. It’s been a blast and although we are approaching 70, our goal now is to continue our nomad lifestyle for another decade if we can. I get not taking Medicare if you are still working and have employer coverage. Or if you’re a 1%er. Otherwise it’s a no brainer IMO.
@korswe3 ай бұрын
I'm taking Medicare at 65. Money isn't everything. Health and the piece of mind is everything at this age and beyond.
@rosemarykingpate78323 ай бұрын
Agree! Me, too! 😊
@KentonJoseph2 ай бұрын
ACA is so much better and much cheaper.
@cgilleybsw2 ай бұрын
@@KentonJoseph You have got to be $hitting me!? I'm looking into this now. And it says I still need to sign up for Medicare at 65...
@_l.w.a.Ай бұрын
Amen! ❤
@gurujr3 ай бұрын
Developed a cataract at 62 and I was praying to make it to 65 so my Medicare would kick in. I made it and Medicare saved my sight that's for sure.
@williambeller75743 ай бұрын
What I want to know is why in the world would people be penalized for signing up late? TAKE THIS PENALTY OFF THE BOOKS! THIS IS JUST ANOTHER REASON WHY WE NEED TO HOLD POLITICIANS ACCOUNTABLE! THIS IS ANOTHER REASON WHY WE NEED LAW MAKERS TO REPRESENT THE HARD WORKING PEOPLE!!!
@Zulonix2 ай бұрын
Preferably… they would go to jail.
@bigdaadio.K2WWАй бұрын
Insurance companies are pulling the strings!
@salishseas19 күн бұрын
Agree. Get money out of politics. It’s a start to real representation of the people and not servants to health insurance companies.
@goldberrygal440617 күн бұрын
My guess is because people would game the system. An example would be not signing up until you know you've got a severe medical issue this saving your premiums for years and not paying into thw system
@williambeller757417 күн бұрын
@@goldberrygal4406 I do agree with your guess. However, for a person who doesn’t try to shirk the system I might just simply forget and end up being a day late! Thanks for the heads up!
@geraldmahoney48563 ай бұрын
I’m retired military. In order to keep my Tricare insurance, I have to get Medicare at 65.
@Theretirementnerds3 ай бұрын
Correct! Don't let anyone talk you into dropping Tricare. It is amazing.
@saraw85033 ай бұрын
Same. I pay for Medicare, but Tricare for life is free. Hooray!
@clwest35382 ай бұрын
Tricare told my dad that as long as he was working and covered by insurance he didn't need to sign up for Medicare at 65 - he worked until 70. Then when he signed up for Medicare, Medicare penalized him for not getting it early - even though he had full company insurance (large company). Left hand doesn't know what the right hand is doing or what is the law/regulations which cause 'normal' people to have to overpay.
@geraldmahoney48562 ай бұрын
@@clwest3538 I was forced to stop working at 60 due to a work place accident. When I got off disability I decided to retire from the company. I don’t know what would have happened if I continued to work past 65.
@redhatbear11352 ай бұрын
@@clwest3538your company insurance should provide an affidavit that says you were covered - it reduces the penalty.
@janishigaki2 ай бұрын
Blue! I don't think you're long winded. This information is complicated, and I so appreciate your thoroughness!
@Theretirementnerds2 ай бұрын
Thank you so much! 🔵 So glad to know it's helpful!
@jhunter10458 күн бұрын
Your video helped me out a bunch! I'm 62 and heading this way soon. I don't want to end up red in the face because I messed up! Thanks!!!
@Theretirementnerds8 күн бұрын
So glad it was helpful! Thank you so much for watching! 🔴
@fumblerooskie4 ай бұрын
Chartreuse. 67 and looking to retire that end of next year if they don't put me out to pasture before then. Been on part A since 65, with company health plans that change every year. The agent at my local SS office went above and beyond to explain everything to me when I signed up. He was extremely helpful.
@Theretirementnerds4 ай бұрын
This is great! Glad they were helpful! 🟢🟡 Combine those two colors for yours 🙂
@texaszag87484 ай бұрын
I’m glad to hear that you had a positive experience with the people at SSA. I was also fortunate in that I had an agent who was as helpful as I could have hoped for. Government agencies get a bad rap and all too often it is people parroting the same refrains from the Reagan era (i.e., “…government IS the problem”). I have an older brother who has been on Social Security disability since the 1980’s. They’ve NEVER failed him. He’s not paid a dime for rent or health care since becoming disabled, yet he insists that the government can do NOTHING right! Amazing!
@poolbump12343 ай бұрын
i will retire at 66 10 months and have insurance until i retire, does that mean i should get medicare part a at 65 because it is free and part a will help with my %20 out of pocket $$$$ ?
@Theretirementnerds3 ай бұрын
@poolbump1234 do you have an HSA with your company plan? Part A doesn't cover the 20%. Part A is hospital coverage, has a deductible and daily copays for certain hospital and facility stays. Part B is the 80% coverage.
@texaszag87483 ай бұрын
@@poolbump1234 If your employer plan meets the requirements for a qualified plan (i.e., more than 20 employees), then I believe Part A will be the second payer. The SSA told me when I was in a similar predicament that Medicare would not pay until the deductible was satisfied for my primary (employer’s) plan; which, didn’t set well with me because my employer’s plan was a high deductible plan and A) you cannot contribute to an HSA when enrolled in Medicare (because Medicare is not a high deductible health care plan), and B) my Medicare plan became in effect, a high deductible plan, since I had to pay my primary plan’s deductible before medicare would pay. It makes NO SENSE!!! But just as importantly, you are well north of 65, so you should enroll in Part A at least 6 months before you plan to enroll in Part B, because they will make your Part A effective 6 months prior, anyway. And to that end, once your Part A becomes effective you will no longer be able to contribute to an HSA with pre-tax contributions. If you do, then you will have the burden of taking those funds out of the HSA within a stipulated period of time, of face tax consequences.
@user-cu9po6kq6o16 күн бұрын
So unnecessarily complicated the US healthcare system, thank you for explaining.
@Theretirementnerds16 күн бұрын
Agreed!
@BobFirth12 күн бұрын
Cost me $1800 per month for a private self employed policy, bought a nice set of golf clubs with the FIRST month’s savings.
@Theretirementnerds10 күн бұрын
In that case... Medicare all the way!
@balloney21752 күн бұрын
A million to this gentleman!!! Now, I know about taking or not taking Medicare yet. KUDOS!!!
@TheretirementnerdsКүн бұрын
Thank you so much for watching!
@wendysherbert32572 ай бұрын
Purple! I am 57 now and just was forced into retirement after 20 years. Soooo…..this was extremely helpful! Thank you!
@Theretirementnerds2 ай бұрын
So glad it was helpful! Thank you for watching! 🟣
@LesserMe25 күн бұрын
Forced?
@StorytellerSueW4 ай бұрын
Turquoise!!! Your vids are awesome. I just turned 65; my role as a fed contractor is ending May 31 (role being eliminated). Surprise! I was planning on retiring end of this year, but things happen. So although I went on Part A this March, I just signed up for Part B and an N plan effective June 1. I could NOT have done this confidently without your channel/content. Even if my company offers me a new FT role on a different contract (highly likely), I think I am going to turn them down and see if they have any PT or contract gigs I can do that will keep me below the SS max income levels. I am blessed to have healthy SS income and can live off that and short-term savings for the rest of this year - probably even longer - and not touch a dime of my retirement yet. NO worries - I will like and stay subscribed forever - the algorithm is with you!
@Theretirementnerds4 ай бұрын
Appreciate you so much 🙏 So glad to know we have been helpful and thank you for sharing your experience! 💠 - closest to turquoise I could find 😊
@markaustin52693 ай бұрын
Best video I have seen redarding when to start Medicare. I plan on possibly working til age 67 and still being covered by employer insurance. I didn't know I could delay both A and B. I thought I was going to have to stop contributing to my HSA 6 months prior to turning 65. Good to know I'll have a couple more years to fund my HSA than I previously thought. Thanks for doing this video.
@Theretirementnerds3 ай бұрын
Of course! Glad you found us!
@tomcoleman42073 ай бұрын
I thought you have to get Medicare part A at 65 even if you don’t need it to avoid any penalty going forward. Just to be in the system there is no monthly cost for part A.
@Theretirementnerds3 ай бұрын
@tomcoleman4207 this video is all about that. There is no Part A penalty, so getting Part A does nothing from a penalty perspective. If someone has an HSA and will keep working, getting Part A is a mistake.
@PamperYourPatrons-kn9reАй бұрын
@@Theretirementnerds I thought if you delayed Part A then you had to pay 10% penalty on monthly premium for the number of 12 month periods you could have signed up but didn't. E.g. 14 months late means you have to pay 10% penalty per month for two years.
@MHCQ33 ай бұрын
It’s saved me tons of money, was on a work plan provided by my large international corporate employer, and when I stopped working it was simple to choose gap ins and drug plan. My insurance costs dramatically dropped once I was on Medicare.
@jsverner4 ай бұрын
All of these details make my face turn GREEN. Thanks for the help and information!
@Theretirementnerds4 ай бұрын
Thank you for tuning in! 🟢 Wish it wasn't so complicated!
@arby0074 ай бұрын
Dark Blue- Great info for someone who is turning 64 in a couple weeks and on an ACA Policy. I will be definitely signing up for medicare at 65 and keep my younger non-working wife on the ACA Policy for a couple more years.
@Theretirementnerds4 ай бұрын
Sounds like a good plan! 🔵
@blujeans94624 ай бұрын
As I neared that magic 65 number (working full time) I thought long and hard. I put in my resignation for a month after my 65th birthday - helped them find and train my replacement and said 'bye-bye'!! THE best decision I ever made. Zero regrets. One reason (not the primary reason) was my agent explained that if you do not take it at 65 there are penalty-dates (as mentioned in the video) - so many that I didn't want to get caught forgetting something and have that effect me 'for life'. Way too many 'gotchas' to have to worry about. Taking it when I'm supposed to was ez-pz. :-)
@gracekarina71863 ай бұрын
I’m happy for you. When you say agent, who exactly do you mean? Thank you.
@blujeans94623 ай бұрын
@@gracekarina7186 Although prior to my 65th birthday I had set up an account and applied for my social security benefits to kick in about a month after I retired (yes, I took a 5% reduction - which came out to be about $100 less per month) - along with the Medicare benefits to kick in at 65 - but I wasn't sure about supplemental insurance plans or prescription drug plans. So, I called up an online company that dealt with such things - after being bamboozled with a local agency. :-) I spent 'hours' with the agent going over, in detail, everything that was available, costs, etc. - including the ramifications if I opted out. After I felt super comfortable with all the options, I selected my supplemental Plan G and my prescription plan D. Again, after he told me all the things I would need to do if I decided to delay receiving these coverages, I knew it was never going to be any easier than right that moment, so he got all my coverage set up and I was good to go. Although I review my options every few years, I have opted to keep the coverage that I selected back then - going on 6 years now. No regrets!
@snave593 ай бұрын
There is no penalties if you keep working past 65,with insurance.
@gurujr3 ай бұрын
Your penalty free window is six months. Three months before and three months after you sixty fifth birthday to apply for Medicare. Even I couldn't screw that up.
@clwest35382 ай бұрын
@@snave59 yes, yes there are ... my dad worked to 70, full coverage from work. Signed up at 70 and was penalized (he also had Tricare)
@hctonlineclass17 күн бұрын
I work at a university (colors are blue and gold...GO YELLOWJACKETS!) and my spouse is coming up on her 65th birthday. My instinct was to just take Part A and your excellent video reaffirmed. Thank you!
@Theretirementnerds17 күн бұрын
So glad it was helpful! 🔵🟡
@KA-ry6nz3 ай бұрын
Nice that your daughter can contribute to your video. My employer bounces between 19 to 21 employees. I took Part A at 65 to avoid the penalty.
@pgpc64484 ай бұрын
I took Medicare at 65, continued a full time job. I received many many benefits from Medicare, I spent less on medical care on Medicare as well.
@alansach84374 ай бұрын
Ditto! Many, if not most, employer's plans nowadays are bare minimum plans with huge deductibles! Medicare was so much better! Medicare (with Supplement) is the best health insurance we have had in twenty years, despite full time employment and employer's coverage during that time. Other coworkers who have turned 65 have done the same! Putting off Medicare may have been good advice years ago when employer plans were worth a damn, but not anymore.
@Theretirementnerds4 ай бұрын
Medicare can be great!
@davidcarp59354 ай бұрын
I thought medicare basically sucked cause it only paid 80% of whatever.... then u pay for some part ###??? or supplemental such and such to cover the rest? but does it cover...anyhow, new to all this, just trying to get the couple sentence basics down, whatever that may be
@pgpc64484 ай бұрын
@@davidcarp5935 I’m healthy. I do I take 2 meds regularly, had a Ct scan, cot Az one shot, knee physical therapy and never pay a cent. My dental, vision, check ups free. If I want glasses or contact I pay. Medicare allows me 4 free classes in any workout center nearby!
@robinlooney54403 ай бұрын
@@alansach8437 My insurance through my employer is a seventeen hundred dollars deductible. It's so expensive I'm not using it.
@eduardooramaeddie40064 ай бұрын
I did call social security to verify my age at 66 and 4 months ,when I reached that age ,they did send me a letter to confirm that I had reached the retired age
@blujeans94624 ай бұрын
Retirement age (full social security benefits) vs. Medicare eligibility are different.
@alanwilson59654 ай бұрын
Sky blue. Thank you very much. I thought I had to take Medicare at 65. I am in Healthcare and did not know that. Awesome info!
@Theretirementnerds4 ай бұрын
Glad it was helpful 🙂💠
@geern20004 ай бұрын
blue you do great work, and NO, you are not long winded especially discussing such a convoluted topic as Medicare. thank you for your time and interest on discussing Medicare
@Theretirementnerds4 ай бұрын
Appreciate you watching and saying this! 🔵
@kathymarie19624 ай бұрын
Green! I am 61 and appreciate all of your videos as I'm trying to decide when to retire.
@Theretirementnerds4 ай бұрын
Thank you for tuning in! 🟢
@mrastroboy333 ай бұрын
I just find your channel ! New Subscriber ! I am 62 years younger , and planing early retirement at 631/2 for health reasons I work for 40 plus years , what are the penalties for for early retirement Thank you so much for All you help ! Keep the Great Job ! 🎉
@Theretirementnerds3 ай бұрын
@@mrastroboy33 no penalties from a Medicare perspective for early retirement. Social Security benefits are different and are more based on when you start taking Social Security. Thank you for tuning in and subscribing!
@sebbonxxsebbon68243 ай бұрын
Still working, no health problems, can keep my insurance when I retire as long as I keep insurance. I am NOT taking Medicare until I retire!
@terrifiorelli981911 сағат бұрын
I took mine at 65 and it is the best thing I did. I can suggest, do not take an Advantage Plan.
@rawbean112 ай бұрын
So BLUE when I try to understand all of this. I am a state employee and my husband became very sick 14 years ago, closing his self employed business. My employer HMO plan has saved his life, literally, 3 times because they have a fully integrated health system-monthly blood work, specialists and pharmacists have alerts to track all of his vitals and call him / contact him frequently to get his medical needs addressed. I am terrified to retire and go on Medicare because I don’t think this HMO or level of care will be possible. I am 58 and he is 60 and we don’t know what the future holds, but I appreciate finding your channel and getting more educated to inform our decisions. Absolutely I subscribed and appreciate you and your expertise.
@Theretirementnerds2 ай бұрын
Sorry to hear about your husband 😕 hopefully we can continue to put out helpful videos for you!
@mariebrown94152 ай бұрын
Dam right , I took it also at 65 . I couldn’t wait , self employed , was paying over 1,200month in NJ, no subsidies from Gov, during a pandemic scared to death I would get Covid and have complications or die, had a big deductible and I’m typical healthy on no meds . Medicare - Medigap plan G and a Part D RX plan was a bargain for me. Everyone does not have « employer sponsored health insurance » . Commercial Insurance plans stick it to you in terms of high premiums from age 60- 65 until your Medicare eligible. Everyone’s situation is different. Great video- you covered it well.
@Theretirementnerds2 ай бұрын
Thank you for sharing your experience!
@user-ow8tk5nk5y2 ай бұрын
Same here ACA premiums 1295 a month for HMO
@joavech62664 ай бұрын
Slate blue :), I am 43, emigrated to the US from France 7 years ago. So all this is new to me and it feels like 20 years is what this will take for the information to sink in, even if all that will most likely change. Still very eye opening, thank you so much for all those details, channels like yours is why I love KZfaq.
@Theretirementnerds4 ай бұрын
Thank you for tuning in! 🔵
@SmallSpoonBrigade4 ай бұрын
@@The_Komzik I'm not sure, but France has a lot of issues right now. It's hardly just the nicer parts of France, there are horrible parts as well not to mention that some people don't fit in or have other reasons to move.
@sfstucco2 ай бұрын
@@firehorsewoman414- hi. You placed your question as a response to another viewer’s reply. I suggest re-submitting your question/topic request as an independent post… click the back button (up near “Replies”), then post. Good luck - I hope he sees your request!
@sfstucco2 ай бұрын
Oh, my my! What a huge hassle! You’ve come to the worst country for dealing with healthcare insurance. You have my deepest sympathies!
@firehorsewoman4142 ай бұрын
@@sfstucco thank you. Didn’t realize I had done that and appreciate the heads up.
@richardsmith479515 күн бұрын
I will be 65 in a couple of years. Thanks for all your helpful information.
@Theretirementnerds14 күн бұрын
Thank you so much for watching!
@irisward1232 ай бұрын
My GREEN eyes lit up upon hearing the information you provided. I could use an advisor to work with in Arizona to help me understand my options and explain how I need to notify Medicare to postpone enrollment until my hubby retires. I retired at 62 and will soon turn 65. I am covered by my husband's company group plan which covers thousands of employees. He is younger and I hope to have coverage until he turns 65 in 2033. I received a Healthcare Retirement Account when I retired which will reimburse me for eligible expenses. Thank you for the no-nonsense approach to this topic. I subscribed and will be watching many more of your videos. I could use an advisor to work with in Arizona to help me understand my options and explain how I need to notify Medicare to postpone enrollment until my hubby retires.
@Theretirementnerds2 ай бұрын
Thank you so much for watching! 🟢 Happy to help however we can
@BillGreenAZ4 ай бұрын
My favorite color is teal. Thanks for helping to clear up this topic.
@Theretirementnerds4 ай бұрын
Happy to! Glad it was helpful!
@ChrisRI10002 ай бұрын
I got Medicare asap. I also got the best gap insurance too. But if there’s one thing I learned DO NOT get an Advantage Plan except for very specific cases.
@katleman2 күн бұрын
Thanks for the video, distilling the gray areas of Medicare @ 65
@Theretirementnerds2 күн бұрын
Thank you for watching! ⚪️
@fl0314688 күн бұрын
Green is my favorite color! I have about 10 years to reach 65 but I have started educating myself to get prepared. Thank you for your video!
@Theretirementnerds8 күн бұрын
Thank you for watching! 🟢 This could all look much different in 10 years 😬
@garymyers75064 ай бұрын
I retired at 65 and don't regret it one bit. That was in 2018.
@krane154 ай бұрын
No reason you should. What good is more money if you're too old and feeble to enjoy it?
@JohnsJohnson-ns5xm4 ай бұрын
61 and feel the same way. Loving life my way.
@donnazukadley73003 ай бұрын
How can you afford it?
@victorfields46834 ай бұрын
Blue background and your impressive knowledge of Medicare is most appreciated!
@Theretirementnerds4 ай бұрын
Thank you so much for watching! 🔵
@knotqueen2419Ай бұрын
Blue. Great information. My company has over 20 employees and provides full medical, dental, and optical insurance. I plan to work a few years past age 65 and don't expect any penalties. Of course, I plan to keep asking a lot of questions. Best to all of you out there!
@TheretirementnerdsАй бұрын
Thank you foe watching! 🔵
@Carepedoit5 күн бұрын
Color me grateful for your advice! I am going to probably come back to this several times as I start to enter retirement age. Wish me luck!
@Theretirementnerds5 күн бұрын
Good luck! 🙂 Thank you so much for watching!
@jdtravels51403 ай бұрын
Unfortunately, if you are a retired military veteran you have no choice. Tricare mandates military retirees start Medicare at 65.
@ericgofreed16512 ай бұрын
FORTUNATLY
@SilkeLike4 ай бұрын
Discovering that if I retire abroad for a decade and secure individual health coverage where I would be living, I would still be obligated to pay the Medicare penalty upon returning to the US left me feeling immensely frustrated. It's as if a fuchsia haze of exasperation has tainted the vibrant magenta dreams of a seamless transition back home, reminding me of the lingering consequences of my decision. While I understand the economics of the penalty, it still makes me feel indigo.
@Theretirementnerds4 ай бұрын
Well done on the colors 👏 It is frustrating, isn't it?
@lindap79837 күн бұрын
Red! Great video, Thank You! You answered so many of my questions on what to do. I will be 65 in a few months and have been trying to figure this all out. Just found out yesterday about the Part D for prescriptions and now wrapping my brain around that nonsense. I’m blessed to not currently be on any meds. My husband is still employed with a large company (several hundred employees) and we have insurance and prescription coverage through his employer. So if I’m understanding this correctly I can get the Part A now and wait to get Part B and Part D until he retires without a penalty. When he retires we will have no insurance or prescription coverage. Feel free to chime in with any comments anyone.
@Theretirementnerds7 күн бұрын
You nailed it! You can stay on his plan until he retires and you lose benefits. Make sure his company gives you the letter stating you have a "creditable drug plan." They are required to do this by law for their employees, so they should know what you're talking about.
@SomebodySaid...4 ай бұрын
Blue. Thank you for the diversity of scenarios you discussed. You answered several questions I wanted answers to, thank you!!
@Theretirementnerds4 ай бұрын
So glad it was helpful! Thank you for watching! 🔵
@RetrieverTrainingAlone3 ай бұрын
I took Medcare at 65 and saved over $25,000 in health insurance premiums. It was an easy decision and one I have not regreted.
@Theretirementnerds3 ай бұрын
That's great! Sounds like you fall into the scenarios at the end of the video 🙂
@nickwelch80573 ай бұрын
In what way did it save you the 25k? I’m getting read to file soon!
@Theretirementnerds3 ай бұрын
@nickwelch8057 here is a general idea of costs on Medicare (varies based on where you live) kzfaq.info/get/bejne/irBzeJehsNWvppc.html To save $25,000 has to be over several years with an employer plan that has premiums much higher than Medicare premiums in that video.
@RetrieverTrainingAlone3 ай бұрын
@@Theretirementnerds I saved over $25,000 in annual health insurance premiums by enrolling in Medicar. Such an easy decision!
@RetrieverTrainingAlone3 ай бұрын
@@nickwelch8057 The open market premium with Premera (AK & WA blue cross) was over $25,000.
@karl0d0ca2 ай бұрын
This channel is one of the few that provides solid and complete information, including important caveats. Would be useful if they had a presentation on medicare coverage caveats while travelling outside US, through Canada and on cruises.
@Theretirementnerds2 ай бұрын
We are working on that video right now 😊
@anthonygardner40011 күн бұрын
No apologies needed! Talk as long as you’d like. Your information and insights are always helpful. Time for me to get outside and check out these beautiful Minnesota blue skies!
@Theretirementnerds10 күн бұрын
Thank you, Anthony! Love Minnesota 🙂
@anthonygardner40010 күн бұрын
@@TheretirementnerdsI agree. Most people are surprised at how nice it is (other than in winter!).
@jag57983 ай бұрын
I am not getting any medical insurance, especially Medicare. I have not paid for medical insurance since 2006. I have put all that money into an account and I negotiate my medical/dental anytime I need it with cash. Way cheaper.
@Person-mh6xq3 ай бұрын
Crazy! What if you have a substantial emergency??
@user-up6qp9fv9w2 ай бұрын
That is crazy one week in hospital after some kind of medical emergency could cost close to 100.000 dollars. Especially once you get old enough for medicare. It is pretty hard to negotiate when their putting you in a ambulance after having a stroke or heart attack. This person needs to use some common sense and logic.
@user-ws1qf7ol4k2 ай бұрын
@@user-up6qp9fv9w it's quite possible he has that 100 grand in the Bank!!!! I don't participate in part b at all. I have never had life insurance in my entire life. I saved that money and have more than 100,000!!!!! 73...I have spent far more money on dental care. You shouldn't call someone crazy!!!!!!
@JustMe-qq3rc4 ай бұрын
Purple is my favorite color. Thank you for your explanation on Medicare.
@Theretirementnerds4 ай бұрын
Thank you for watching! 🟣
@krane154 ай бұрын
I like the deep rich purple. But I"m partial to the saturated reds too.
@stephenbonaduce785211 күн бұрын
I just found your channel! Although I'm eligible for Medicare, my wife is still working, so I didn't take it--until I started taking my Social Security payments upon reaching FRA. THEN the government forced me onto Medicare Part A. But I haven't signed up for anything else yet, until next year, when the wife joins me in retirement. I had made my own investigation about whether or not I had to sign up for Medicare (and I came up with exactly the answers you outline in your excellent video). I knew there were penalties if one doesn't follow Medicare's rules, but I was NOT aware of how steep those penalties are, so I appreciate the warning. We will absolutely sign up during our election period for everything we need. And for your daughter: my favorite color is GREEN! 🙂
@Theretirementnerds11 күн бұрын
So glad you found us! Thank you for watching! 🟢🙂
@angeladelancy78024 ай бұрын
fuschia is my color and as an agent still gaining my book of business, I learn so much from listening to you and your company. Thanks
@Theretirementnerds4 ай бұрын
So glad it is helpful! Thank you for tuning in! 👝 closest emoji to fuschia I could find 🙂
@HappyOne34 ай бұрын
You are not long winded. She is beautiful. Favorite color for me is the darker of all colors. Midnight blue, burgundy red, yellow-gold, forest green, and so on. However, am partial to periwinkle and teal blue
@Theretirementnerds4 ай бұрын
Thank you so much!!
@DavidBrown-fs7ml4 ай бұрын
I love all colours. But I'm partial to green. Thanks for the information
@Theretirementnerds4 ай бұрын
Appreciate you watching! 🟢
@Geronimo2Fly3 ай бұрын
Blue! THANK YOU for this information! I had always been told that it was mandatory to take Medicare at 65; how nice to find out I can delay that and continue contributing to my HSA for additional years. New subscriber!
@Theretirementnerds3 ай бұрын
So glad it was helpful! 🔵 Thank you for subscribing!
@rickr91582 ай бұрын
Thanks for the info. I have lived outside the U.S. for 17 years and turned 65 6 years ago. I have Part A, which I was automatically put on by the government. I knew about the penalty but did not take Part B because at the time I did not think I would ever return to live in the States. Plans have changed and In the next year or so, I plan on returning to the U.S. for approximately 3 - 5 years. If I'm still above ground after that, I will return to the country I am in now for my final years. These penalties make me feel BLUE.
@Theretirementnerds2 ай бұрын
Thank you for sharing this experience. We never know what the future holds, so it makes penalty decisions tough. Hope you are still with us above ground for years to come! 🔵
@wrecklisseve4 ай бұрын
Favorite color: Blue. I'm 60 and in an HD plan and HSA at work (20+ employees). Not worried about covering my spouse. But I am worried about not taking Medicare A, B, and D at 65 as I heard you need to stop contributions to an HSA 6 months before you go on Medicare or = penalty . My company's open season is in the summer and my birthday is in winter. I don't know if my company will allow me to make changes outside of open season. So right now, I plan to move to the work non-HSA option in the summer open season when I'm 64 and then move onto Medicare when I'm 65 regardless of whether I continue to work. Given how capricious companies can be about "permanent" jobs, I'd rather be on Medicare at 65 and not have to worry about having to scramble to get on Medicare if I lose my job.
@Theretirementnerds4 ай бұрын
A few things: 1. 🔵🙂 2. You do not need to stop HSA contributions 6 months before 65. Watch this video, it'll help a lot: kzfaq.info/get/bejne/rrGli6igz9zInXU.html 3. Don't worry about scrambling for Medicare if you were to lose your job. You have 63 days (2 months) from when you lose company benefits - not your job - to get Medicare with no penalty. If you lost your job April 15th as an example, your company benefits likely cover you until April 30th or even May 31st. Whichever is your last day of benefits... you have 63 days from then to get Medicare. If you were working with us or any other agent, this would be super easy and no stress
@wrecklisseve4 ай бұрын
@@Theretirementnerds Thank you for your response! Yes, the video you linked to was great!
@Theretirementnerds4 ай бұрын
@@wrecklisseve awesome!
@kallasusort29863 ай бұрын
We seniors have EARNED our Social Security and Medicare. Take both of them as soon as you can. Our politicians have the BEST Medical Plan - we all deserve that too,
@SandfordSmythe2 ай бұрын
Federal politicians are on Medicare
@HALWG513 ай бұрын
I took my Social Security at 66 and automatically was enrolled in Part A. I'm still working at 72, and am just going on part B and my supplement.
@mikeperry281413 күн бұрын
Blue and Purple! Thanks for the video! I'll soon be navigating these waters as I am 63 1/2. Your 15min. video length is perfect.
@Theretirementnerds13 күн бұрын
Thank you so much! 🔵🟣
@lordperilous4 ай бұрын
Great information! I'm 4 years from early retirement, and this is a topic I haven't spent enough time to understand. I'm a federal employee, which sometimes makes things more complicated. Here's to BLUE waves and smooth sailing ahead...
@Theretirementnerds4 ай бұрын
Thank you for watching! 🌊⛵️ Here's a video on FEHB and Medicare for you: kzfaq.info/get/bejne/o7FpfM5ntpiaaXk.html
@thomass51692 ай бұрын
When it is this complicated, you know the government has decided to help.
@ericgofreed16512 ай бұрын
It is complicated because we don't have universal Health Care Universal healthcare in the United States would ensure all citizens access essential services without financial barriers, improving health outcomes through preventive care and reducing costs with pooled resources. It could enhance economic stability by easing financial burdens on families and boosting productivity, fostering social equity. Challenges include funding, system transition, and political complexities, but international examples suggest potential for improved healthcare quality compared to the current fragmented US system.
@susanlambert547113 сағат бұрын
Made it through, gratefully and I agree I like all colors!! 🙏
@Theretirementnerds10 сағат бұрын
Thank you so much for sticking to the end :)
@brianmiller78666 күн бұрын
I've RED a lot of the comments! Excellent explanation. Thank you
@Theretirementnerds6 күн бұрын
@@brianmiller7866 haha! Thank you, Brian! 🔴
@eduardooramaeddie40064 ай бұрын
Thank you for this important information 🙏🏻 Eddie 🇵🇷🇺🇸
@SewingBoxDesigns4 ай бұрын
Not actively working, retired early to care for handicapped husband. At 3 months to 65, was bombarded, literally coerced and railroaded into Medicare, threatened with extra fees, extra co pays, you name it. This year it's hubby's turn. Thank goodness we have a good insurance plan that covers the BS of Medicare. They always say "thank you for choosing Medicare" so I ask what choice, there was no choice, at least not in California.
@Theretirementnerds4 ай бұрын
Thank you for sharing!
@williamjones24463 ай бұрын
Red, Thank you. Very informative. Your comments agree with what my employer told us during a medicare webinar. Unfortunately all of my co-workers did NOT get message and now have an issue with their HSA . Our employer told us the HSA automatically turns into an HRA account which means they can still access the funds but can no longer make any contributions.
@Theretirementnerds3 ай бұрын
Thank you for watching! The HSA is one of the most common misunderstandings we see 😕🔴
@newengland81264 ай бұрын
I am about to take one of the $.50/month drug plans because I don't take any medications. Even thought it's so much less than the $34 Base Plan, does it still count?
@Theretirementnerds4 ай бұрын
Yes, still counts as creditable coverage 🙂
@r8chlletters3 ай бұрын
It really sick that work and healthcare are tied together. If you are 65 or older chances are you have a number of health related concerns. The only way to ensure people aren’t navigating a maze is universal healthcare.
@Mitzi733 ай бұрын
Disagree. In Canada the government is very cheap with healthcare and encourages people to commit suicide of they have long-term illnesses. Google MAID Law in Canada.
@JoelGutierrez-fe1xe2 ай бұрын
Blue!😊 Great video! I was 70 when I decided to take my SS benefits and didn’t know i had to enroll with Medicare even though i was still working and on employer plan (with HSA). Doing that disqualified me from HSA plan which sucks.
@Theretirementnerds2 ай бұрын
Thank you for watching! 🔵 Both programs are super complicated, with a lot of those hidden triggers that push something else into place.
@lastboyscout10654 ай бұрын
I’m still working for a large employer (incl HSA) with younger wife and family but your video put a spotlight on the need to check my prescription coverage. Although my HR dept told me I had nothing to worry about, I will be red hot mad if my Employer insurance plan is not Medicare creditable.. thanks !!
@Theretirementnerds4 ай бұрын
Thank you for watching! HR is probably right. Most employer drug plans are creditable, but we know of several large companies that don't have creditable plans, so always best to make sure.
@texaszag87483 ай бұрын
Maybe get that in writing from HR. I doubt it’ll save you in the end, but SSA may treat you a little better if they “believe” you did your homework and sincerely believe what you are telling them (in the event you have a problem).
@CJ-Photo4 ай бұрын
It's terrible to have to pay for Medicare when you aren't a resident of the US and can't use it. Time to change that.
@SergLapin4 ай бұрын
Well, you took a job from an American citizen, so you still have to contribute back to the shared pot filled by all working people.
@mstarr674 ай бұрын
Why are you here if you are not a resident? You want it both ways.
@PortlandRose4 ай бұрын
I am an American citizen, but I do not reside in the US. If I ever move back I will pay a huge penalty for Medicare, even tho I have not had access to it for 10 years. And for other 2 replies above~ non resident doesn’t mean non-citizen.
@CJ-Photo4 ай бұрын
@@mstarr67 I still live in the US but I'm retiring outside of the country and will be paying for healthcare in another country. I don't want to pay for healthcare in two countries. Is that wrong?
@CJ-Photo4 ай бұрын
@@PortlandRose yes, it's an issue. When I leave, I'm not planning to come back, but you can never say never, right? I think they should allow us to prove coverage in another country and not be penalized for not having enough money to pay for healthcare in two countries at the same time - the benefits of one that you can't even use. And I am a citizen - born and raised here - and have paid Into the system my entire life so I feel like I've earned the right not to be penalized. I'll still be paying taxes on my retirement income to the US and I'm not planning to give up my citizenship - I'm just not going to be a resident anymore.
@angelasmith1112Күн бұрын
No wonder people have a hard time with their finances. So many things to research and map out. It’s exhausting!
@TheretirementnerdsКүн бұрын
It gets pretty overwhelming
@martinextejt34533 ай бұрын
First time, including the Medicare Website, that taking or not taking Medicare at 65 is clearly explained. Thank you!
@Theretirementnerds3 ай бұрын
Thank you for watching!
@ljake199Күн бұрын
Excellent content! Appreciate the level of detail. You helped settle a spousal disagreement in the topic! (Love the BLUE background)
@TheretirementnerdsКүн бұрын
So glad it was helpful in general, but especially if it helps settle spousal disagreements! 🙂
@everteacher8 күн бұрын
Green. Great job giving a quick overview of complicated subject!
@Theretirementnerds8 күн бұрын
Thank you so much! 🟢
@sandramartin97844 ай бұрын
My husband works full time for a large company, Scott's Fertilizer. He just turned 65. We presume his current medical insurance is Medicare approved, so he doesn't need to sign up for Medicare until he separates from Scott's. He has reached out to Scott's benefits coordinators and HR to confirm this but no one from Scott's has given him an answer, "Uh, we'll have to get back to you on that." He started asking for this information 6 months ago. It was escalated to someone else in HR but still no answer. Not sure how to proceed on this. Your content is really helpful. Thank you!
@Theretirementnerds4 ай бұрын
Yeah, the medical plan should be fine for him to delay Medicare Part A and B. It's the drug coverage you'll want to ensure is creditable. Asking the HR benefits manager if the drug coverage is creditable is what you'll want to do. If HR doesn't know the answer to the creditable drug plan, the next step is to reach out to the insurance company that is the medical insurance and ask them if the drug coverage is creditable. Finally, it is likely that Scott's has what's called an Employee Benefit Broker. If you can track down this person, he or she should know as well. It can be complicated! But finding that answer is important.
@stevefielding527716 күн бұрын
Green and made it to 60. Retiring soon and enjoy watching your videos.
@Theretirementnerds16 күн бұрын
Thank you so much for watching! 🟢
@kimbernard92503 ай бұрын
I'm a MMAP/SHIP counselor and your advice was spot on. Great job! Your daughter is adorable :)
@Theretirementnerds3 ай бұрын
Thank you so much!! 👧🏼
@suburbanpioneer56293 ай бұрын
Blue - this was very helpful. Not fun news, but helpful. My husband has a fantastic family plan fully paid by employer, but . . . small company. I and our children will continue to need coverage (me another 2 years, 2 kids-24 & 18 when he turns 65-as long as possible). This is a huge concern for me, and straight forward information is so hard to find. Thank you for laying things out so clearly. We'll need to do something, just trying to figure out what now.
@Theretirementnerds3 ай бұрын
Thank you for tuning in! 🔵
@misslu12123 ай бұрын
Yellow ❤ your little girl is lovely. Approaching 65in December and still working. Scary times… so much information. Thank you for answering some of my concerns.
@Theretirementnerds3 ай бұрын
Thank you for spending time with us! 🟡
@MJ-ge6jz19 күн бұрын
I am BLUE in the face with the cost of health insurance. I'll be 62 this year starting my SS. Don't have any retirement to speak of except my dwindling 401K. I researched catastrophic health insurance and that crazy expensive as well. I take Sir Jason Winters tea regularly as a cancer preventative; know to reverse stage 4 cancers. Fingers crossed!
@Theretirementnerds17 күн бұрын
Thank you! 🔵
@joytancey34283 ай бұрын
Very glad to find you, new subscriber! Looking forward to watching all your videos and learning so much more! From the bright blue skies of southwest Florida, have a great day!!!
@Theretirementnerds3 ай бұрын
So glad you found us too!
@JulieSchoenikeАй бұрын
Green! Nice job! I had to sign up this year (my husband is younger and we are self employed) and it was quite the journey. I wish I would have seen this before then, but you clarifies most of what I did so Thanks for the explanations.
@TheretirementnerdsАй бұрын
It is quite the experience. Appreciate you watching! 🟢
@user-kd5px2od8v24 күн бұрын
You are a good source of information. Thank you, you're awesome 👍
@Theretirementnerds23 күн бұрын
Appreciate you saying this! Thank you for watching!
@jeangreen4322 ай бұрын
An option is for the company to create an HRA, Health Reimbursement Account, for which the EE can provide Medicare and Advantage documents and be reimbursed for the costs. I set this up for one employee and it works great.
@lmcwill05023 ай бұрын
I have over 38 years experience in the insurance industry . Always take Standard Medicare A snd B stay away from Medicare Disadvantage plans that private insurance companies offer. Those plans are an advantage for the big rich insurance companies .
@huongyn88083 ай бұрын
Thank you so much for sharing. I have 2 relatives reach 65 next year. Should they sign up for all parts?
@chipcook66468 күн бұрын
Advantage plans have part D no 20% payout on A & B
@icusawme23 ай бұрын
Red, I’m not 65 yet but I am looking for information about this topic. Thanks for the informative video.
@Theretirementnerds3 ай бұрын
Glad you found us! Thank you for watching! 🔴
@user-tp4cv7mu6h11 күн бұрын
Good and helpful information. I live in the "Emerald" state and will be turning 65 in about 3 weeks. I think I can delay all Medicare as I plan to work a couple of years longer, but it would be good to talk to someone familiar with Washington state if you can recommend someone. Green actually is my favorite color.
@Theretirementnerds10 күн бұрын
Would be honored to help. Send me an email to erik@theretirementnerds.com and I can connect you. Did you see this video? kzfaq.info/get/bejne/fNxpYJmk3Nawpnk.htmlsi=q7_rxxVK9bQt21oD
@NoMoreTears644 ай бұрын
BLUE! Thank you for a great breakdown. I was not planning on getting a Part D because I just cannot afford yet ANOTHER premium AND I don't take meds/prescriptions. Now I know about the penalty which I did not know before.
@Theretirementnerds4 ай бұрын
So glad it was helpful! 🔵
@AG-iu9lv4 ай бұрын
Maybe you don't take anything now, but this is the states, it only takes one prescription to bankrupt people here.
@ga65894 ай бұрын
There are some very inexpensive Part D plans to be had. My husband and I have Wellcare plans for only a few dollars per month.
@deeford83183 ай бұрын
GREEN- Please look into Part D options, though I hear you on having to pay another premium. My dad never signed up for the same reason when he became eligible at 64. He was relatively healthy and was able to find affordable option for the few meds he took. Now, as an insulin-dependent diabetic with a host of other health problems, he is losing out on some better treatments, like being able to afford Pradaxa so he could get off Coumadin and the biweekly blood draws and the multiple med changes that result from his current INR. Many other things he would qualify for if he had it. I tried to get him to sign up 8 years ago when I learned of it.Recently calculated his penalty and I believe it was in the $70+/ mo range. Total insanity and of course he still won’t consider signing up now.
@RSH08803 ай бұрын
Green. This is the first of your videos I've seen. Become medicare eligible in a couple years, and will sign up then since I will lose my retiree healthcare once I am medicare eligible. Just subscribed.
@Theretirementnerds3 ай бұрын
Thank you so much for watching (to the end) and subscribing! Appreciate you!
@CindyRR-t1k2 ай бұрын
Green! Plan to take Medicare immediately when eligible as I plan to retire shortly thereafter at the end of the year when I turn 65. I'm going to have to listen to this again though as now I'm uncertain of what additional parts I should get if I plan on retiring and leaving my employer's plan.
@Theretirementnerds2 ай бұрын
Thank you so much for watching!! To the end :)
@terihandrick23333 ай бұрын
Green: thank you for the information I did not realize one could be penalized for not taking Medicare or the drug plan. I will be 65 next year and currently I am still employed but want to make sure I make informed decisions when I do become eligible.
@Theretirementnerds3 ай бұрын
Thank you for tuning in! 🟢 Here to help as you get closer if you need it.
@cdstoc4 ай бұрын
Blue! I like the long-windedness, there are several points I heard for the first time in this video. Luckily, I still made the right decision for myself for now, but I'll continue watching.
@Theretirementnerds4 ай бұрын
So glad it was helpful! Thank you for watching! 🔵
@snoopy123456789ish22 күн бұрын
First time watcher…so glad I found you! I will go back and watch every video over the next week(s). So informative…thank you, thank you, thank you! Oh, and blue is my fav color. 🎉
@Theretirementnerds22 күн бұрын
So glad you found us! 🔵 We have over 200 videos I think... so pace yourself 😁
@jimb797824 күн бұрын
Blue -- I wish I had some of this info before I took part A and lost my HSA benefits. Thanks for the info.
@Theretirementnerds23 күн бұрын
Thank you for watching! Wish we'd found each other sooner too!🔵
@jtrkarsten44205 күн бұрын
Thanks for sharing your knowledge of when to & not to take Medicare. I'm turning 55 next year and will retire before the end of the year. My wife is turning 65 next year and is currently retired. We are excited about upcoming retirement for both of us! My colleagues are 'green' with envy I am leaving them so soon! I'm with a large company and both of us are enrolled on their high-deductible plan. I would like to do this again one more year in 2025...max out my HSA one last time and get some company match $ too. I need to keep my wife on the plan for this to work. Sounds like my wife will NOT be penalized for not enrolling next year. Any other penalties that we need to know about with her delaying a year before enrolling?
@Theretirementnerds4 күн бұрын
Thank you for watching 🟢 Correct, she won't be penalized by staying on your plan. You turn 55? Or 65?