Thank you Stephanie for the informative videos. I'm turning 65 in May of 2022 I have signed up for Part A but not Part B as I'm planning to work till age 66 and 6 months. I'm currently on an employer health plan and pay less than 170.00 per month. I also am a veteran and I use the VA health care system. Any advice as to whether I'm doing the right thing.
@AbtInsuranceAgency2 жыл бұрын
Sounds to me like delaying Part B until you retire is the right move!
@Ayyeliki6 ай бұрын
I work for the VA and honestly, you can’t beat it with a stick! Rx copays are nothing compared to the outside and despite being a bit cumbersome, your entire chart and history ( x-rays, tests, labs, MD notes) is accessible to every provider in the system and within VA nationwide. Trust me, there is a huge disconnect between outside providers, the right hand doesn’t know what the left hand is doing! My son uses DME from non-VA and there are qty limits that the VA easily surpasses! Good for you ! 👏🏻👏🏻
@WayfaringStranger562 жыл бұрын
Just shared with family members that recently turned/will turn 65 for an easy to understand breakdown for decision making on whether to delay signing up. You covered all the bases in under 15 minutes- Fantastic! Thanks Stephanie.
@AbtInsuranceAgency Жыл бұрын
Thanks for sharing!☺
@jacksilver99353 ай бұрын
I’m guilty of skipping about in the video but…sometimes when Employer health costs more than Medicare, staying with the employer plan makes sense if it covers not only you but a spouse and or a dependent under age 26.
@sandyjohnson51112 жыл бұрын
Another issue one needs to keep in mind is the provider network. Most providers do accept Medicare, however, Part C will have a provider network and services would only be covered if that provider is in their network. They also, may have a huge, separate, out-of- pocket deductible and co-insurance on out of network providers. So, if you plan on traveling, a traditional Medicare supplement maybe be a better choice, as they tend to have larger provider networks in other states. (i.e. AARP thru UHC). When someone selects a Med Advantage product, make sure your providers are in that Med Advantage network that you elect. Having to change to new providers is a game changer for most people.
@AbtInsuranceAgency2 жыл бұрын
Very true!
@biggfoot52 Жыл бұрын
This is exactly my predictament, in the next year (4 months before employer new enrollment), (7 months before I reach 65)
@maryoverton11262 жыл бұрын
Thank you so much! Hubby on SSD and I'm still working (I'm 61). He is covered under my employer insurance. This is an excellent and succinct with no b.s.! Thanks again. I'll be doing some comparisons for sure
@maryoverton11262 жыл бұрын
Oh and my employer has better than 3000 employees
@nonglouie51062 жыл бұрын
I can't thank you enough for your channel and the information you provide. May I ask again in light of any changes in Medicare in 2022: To confirm. I am still working and plan to continue to work until my wife and I collect social security at 100% which is 66 years and 6 mths for her and 8 months for me. In fact I may work until nearly 70 years old due to the current market trend. I actively cover health insurance for my spouse through my global company employer. This year my wife turns 65 before I do. In July I plan to enroll her in Medicare Part A ONLY, 3 months prior her turning 65 to avoid penalty AND delay her enrollment into Part B / Medigap / Part D until I retire from my employer and not during my IEP. When ready to retire I will gather evidence of having health insurance coverage via my employer when applying for Part B for us both during the SEP period with forms CMS-40B and CMS-L564. Wheww... Is that right? Many thanks
@AbtInsuranceAgency2 жыл бұрын
Yes and yes! All correct 😉
@ssa8479 Жыл бұрын
@@AbtInsuranceAgency THANK YOU for the solid advice and information you offer! I found the question and answer I was looking for! A coworker and I both turn 65 next year (in 2024), and both of us have spouses who are a few years younger than us who are on our health plans. My coworker has some health issues and I don't. He plans to enroll for Medicare Part A at 65 but delay Part B until he retires. I want to delay till 70, when I would have to enroll and also start drawing social security (I plan to work past that age because I like my job; good health insurance and benefits, decent vacation time). He likes the work too, but wonders how long he can keep working past 67 and 10 months till he hits full SS age. Looks like we can both be right. Our employer is a large organization with hundreds of employees.
@-myal-8691 Жыл бұрын
I have been hearing horrific stories about how many Advantage plans have refused to cover their patients' medical issues. However, many Americans cannot afford the cost of Plan B and a supplemental, and a drug plan.
@caib714 Жыл бұрын
You sound confused. Medicare Advantage (MA) plans have all the benefits of Medicare Part A and Part B (by law), and more. If MA plans don't cover certain medical procedures or don't cover all the costs, then Medicare A and B don't either. That's why you to buy a Supplemental plan to cover those specific situations.
@richardhaynes1127 Жыл бұрын
Very informative video. I am 66 wife still working and has about another 8-9 years to go yet. I have been on her employer's health plan she works for a large corporation that has well over 20 employees. I go back and forth on the issue whether I should go onto part B or stay with her plan. Yes complicates process deciding this. Too many working parts in the US health care system.
@ThorBbs3 ай бұрын
I just retired from my job at 65 yo. I am now on my domestic partner’s health insurance plan with her company. I want to make sure that I am not going to be penalized being on her plan even though we are not married. I did call Medicare and they said this was acceptable but the person I spoke to did not seem sure of themselves.
@AbtInsuranceAgency3 ай бұрын
If Medicare said it was acceptable and you can get the form L564 when you come off of their group plan then yes, you can delay without penalty!
@phyllisnunn20612 жыл бұрын
Thanks for your help, especially Heather (via email)! These videos are great. Also, whoever restyled your lighting and camera angle, etc., from the pre-2022 setup, - awesome job!
@AbtInsuranceAgency2 жыл бұрын
Thanks Phyllis!
@mikedavis77332 жыл бұрын
I love the way you explain such a complicated subject. You slowly and throughly explain to understand it so well.Do you have a Extension?
@AbtInsuranceAgency2 жыл бұрын
You can contact us at 888-465-9728 or email me at stephanie@abtinsuranceagency.com 🙂
@myu2b2 жыл бұрын
Awesome job Stephanie. Comprehensive and accurate, I've been a broker for 20 years.
@AbtInsuranceAgency2 жыл бұрын
Thank you, that means a lot!
@FSCHW2 жыл бұрын
My employer won’t allow staying on company plan once we reach age 65. At 65 active and retired employees must enroll in Medicare in order to get any employer contribution. Th8s includes spouses. So there are employees and spouses on different plans. My employer also charges a $500 penalty (annual) if your spouse (below 65) is on your company plan but could get coverage through their employer.
@AbtInsuranceAgency2 жыл бұрын
Wow! 😳
@FSCHW2 жыл бұрын
@@AbtInsuranceAgency they also require two employees who are married to each have their own insurance. Husband and wife both working for the company have to have their own covereage. Once cannot be covered by the other. Don’t know what sense that makes
@garycooper76662 жыл бұрын
Thanks for the information and the help making these decisions it can get very confusing during this transition. Has there been any changes in the donut hole for 2022?
@AbtInsuranceAgency2 жыл бұрын
The spending threshold for the coverage gap and catastrophic coverage levels has changed a little: www.medicare.gov/drug-coverage-part-d/costs-for-medicare-drug-coverage/costs-in-the-coverage-gap
@chezgarage2 жыл бұрын
Thank you for sharing. Keep up the good work.
@THX20124 ай бұрын
Part A ??? I am working past 65, have employer coverage. Sign up for part A at 65 or wait till I retire? Plan on leaving USA at retirement so don’t plan on needing part B or any other. I am in excellent health, take no prescriptions and never took any Covid shots.
@usinebob2 жыл бұрын
This was a very honest and informative video. Thanks so very much for the info
@alansach84372 ай бұрын
Depends on which is the better plan. We dumped pur crappy employer plan and signed up for Medicare and Supplement as soon as we could! The employer plan cost almost as much, but had a $5,000.00 deductible! No thank you! Medicare was much better.
@Livenow06662 жыл бұрын
Hello. If you delay Part A&B because of employer heathcoverage until age 70 and then enroll in Medicare, will you still qualify to get Supplemental coverage?
@AbtInsuranceAgency2 жыл бұрын
Yes! Your open enrollment period for Medicare Supplement Plan starts with your Part B effective date.
@AbtInsuranceAgency2 жыл бұрын
Yes! Your open enrollment period for Medicare Supplement Plan starts with your Part B effective date.
@Bob-di8cz10 ай бұрын
Thank you. You were extremely helpful.
@AbtInsuranceAgency10 ай бұрын
You are so welcome!
@jackiebowles57742 жыл бұрын
Intelligence and beauty, what a combination beautiful 😍
@aliciahanifin19752 жыл бұрын
These videos are amazing! Thanks for sharing, from one broker to another. Can I ask you, are you reading off of a script and if so did you place a monitor in front of you?
@AbtInsuranceAgency2 жыл бұрын
I don’t use a monitor. I create an outline of what I want to say, and then edit out all the mistakes (hopefully) ☺️
@richstewart12 ай бұрын
So, nobody told me about the HSA thing and I continued to put money in my HSA for a few months until I found out. I had some problems with my tax return, but eventually got my tax return money. That was several years ago. This year I got a letter from IRS saying they were reviewing my tax return. It's been a couple months, Is it possible they have made a mistake in the past and are now reviewing it for that? When you say "Tax Penalties" what do you mean?
@thankswillie2 жыл бұрын
thanks,,,good timing,,,,would have liked to hear the income thresholds before the $170.00 goes up
@AbtInsuranceAgency2 жыл бұрын
I review that here at about 1:30 -- kzfaq.info/get/bejne/Y8p0jMyHmrPDnmg.html
@thankswillie2 жыл бұрын
@@AbtInsuranceAgency thank you again
@me-yy9zz2 жыл бұрын
Thanks for your videos, they are very helpful. My wife and I are both retired, me many years ago, she just this year at age 65. I carry a very expensive government retirement health plan with Kaiser. I would like to transition to Medicare for both me and my wife but not certain if this will be advantageous to us. It seems like financially it would save us money, I'n concerned with the benefits between both insurances, I don't want to loose any that I get from Kaiser.
@AbtInsuranceAgency2 жыл бұрын
You should always give a lot before dropping your retiree plan, especially because in many cases if you do so you cannot get it back. I would advise working through the consideration I list here as a starting place to weigh the pros and cons!
@paulaspeaksthetruth5306 ай бұрын
I work for a large company do I need to sign up for Medicare part a . Or can I do this when I no longer work thank you for any help
@AbtInsuranceAgency6 ай бұрын
You can delay Parts A and B if you have active employer health coverage.
@tvleaker1 Жыл бұрын
64, took Social Security at 62. On my wife's Large group (>20)plan. This indecisions bugging me, should I stay or should I go?
@AbtInsuranceAgency Жыл бұрын
I hope this video helped shed some light, and you can always email me for more info! stephanie@abtinsuranceagency.com
@steveludwig4200 Жыл бұрын
I only signed up for Part A at 65 (2020) as my wife's insurance covered me. Can I add Part B and supplement plans before she retires and if so, what is the "window" to do so? Thanks!
@davidrobins16753 ай бұрын
Thanks. I turn 65 next month and have qualifying employer coverage for self and family. I understand it is in my interest to delay Part B in my particular case, but I am not finding enough information regarding whether I should or shouldn't enroll in Part A at this stage? It seems to me there is no downside to enrolling in Part A and there may be potential benefits to that with hospitalization coverage etc.. Can you please confirm that is the case and, if so, why not make it a recommendation to enroll in Part A when first eligible?
@davidrobins16753 ай бұрын
BTW, I don't have a HSA
@THE-id1by2 жыл бұрын
Why would I want to drop employer insurance unless they make it worth my while. Currently they pay around $1000 a month which is part of my annual compensation package why would I be willing to take a $12000 a year pay cut for the privilege of doing the same job???
@AbtInsuranceAgency2 жыл бұрын
Great point!
@Wilfredos_2 жыл бұрын
Hi Stephanie, we talked last year when I turned 65. I am a teacher on TRS. I will become FRA for SSA this November, but, I still working. Since I am a teacher, and is not feasible to retire in the middle of the year, specially with teacher crisis, am planning to continue on to 2023, and the retire. My question, as you are here in Texas, how does Medicare compare to TRS; because I may just drop from TRS this August, and start on to Medicare starting in Sep 1st… what do you think I should do?
@impish222 жыл бұрын
Will you be covering the DCE pilot program for Medicare? A couple of the other channels are covering this issue and it sounds concerning
@AbtInsuranceAgency2 жыл бұрын
Yes, I plan to soon!
@cathypotter5840 Жыл бұрын
Stephanie, very well done. I have a question around HSA. Our scenario is my husband turns 65 Sept 2023. I'll be 62 in Aug 2023. My husband wants to start taking his retirement benefit check around 10/1 but we are NOT going to enroll him in Part A & B since as you stated we have an employer rich plan and more than 20 employees, until I retire.. I contribute the maximum to our HSA with a slight employer match to about $8K or whatever the max is for myself and my spouse (no kids). My question is, is it better for my husband to wait until January 1, 2024 to receive his first retirement check since I would have been contributing most of this year into our HSA and not suffer any penalties (or would we incur any penalties at all if we are NOT enrolling him in medicare Part A or B in 2023? If you could please explain all the HSA rules and if it's related to taking Part A and B only or both receiving a retirement check AND being enrolled at least in Part A? I had learned that you can't contribute to an HSA six months prior. However, I'm wondering since I'm 62 this year, can I still contribute the MAX of $8K or just half, as an individual for myself. Sorry for my long questions, all this stuff is difficult to navigate! thanks,
@FSCHW2 жыл бұрын
So my employer says all employees (and spouses) must switch to Medicare at age 65, whether Active or retired. If we want company contribution towards benefits we must use Via Benefits broker hired by company. My wife is 2 years older than me and will have to come off company plan and go on Medicare at age 65. Employer plan cannot be primary or secondary at age 65.
@tarottime32197 ай бұрын
Thanks, very helpful
@JRich-yz3he2 жыл бұрын
Explaint direct Contracting. what is a TPA? Are those the same?
@wayneperry20372 жыл бұрын
I will turn 65 in June. I will continue to work until my 67th Birthday. I have an employee HSA , so I want to delay my Medicare A & B. What forms do I need or who do I need to get in contact?
@AbtInsuranceAgency2 жыл бұрын
If you are not yet drawing social security benefits, then there is no action required to delay parts A and B. Be sure to stop all HSA contributions 6 months prior to enrolling in Medicare in order to avoid penalties!
@billstenos1043 Жыл бұрын
Thank you for your videos I will be retiring at the age of 71 to receive my full pension I will sign up for medicare part A when I turn 65 When I retire at 71 I will sign up for Parts B D and G Question is will there be any penalties? Will I be required to take a physical to be accepted for parts B D G ? Will my premimums higher since I am retiring at 71? Thank you for your time John
@spitimalamati2 жыл бұрын
What about coverage for my spouse who is 3 years my junior? I will be 65 this year, and I plan to work (more than 20 employees) at least to my full retirement age, but even then, my spouse will still be 18 months from their 65th birthday anniversary.
@-myal-8691 Жыл бұрын
What is considered a "very high" deductible?
@mattmathew311511 ай бұрын
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 that is it 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 to 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.
@AbtInsuranceAgency11 ай бұрын
Yes! Both situations are ok to delay.
@kylekm54610 ай бұрын
Thanks for this and other very helpful videos. I plan to continue working and only start Medicare Part A as my employer health insurance/size qualifies for such. My question - HOW do I delay --is there a form my employer must fill out to be submitted to Medicare to delay Medicare Part B, etc...? This question has been impossible in terms of finding an answer online or otherwise. Thanks for your help (if you know the answer :-)). (PS: I know about the form (and have a copy) for the later special enrollment period once my group health insurance coverage ends, which is proof of prior coverage...but what about any forms required to prove CURRENT coverage to delay part B, etc.?)
@AbtInsuranceAgency10 ай бұрын
There is no form to fill out to delay. You can do nothing! When you go to enroll, you’ll show Medicare proof you had creditable coverage.
@kylekm54610 ай бұрын
@@AbtInsuranceAgency So I sign up for Part A only while I'm still working at 65+, then I provide form CMS-L564 (completed by my employer(s) showing I HAD group insurance and more than 20 employees at my employer when I STOP working and want to sign up for Part B, etc., during the special enrollment period? That's it? If so, I finally understand. Thanks so much!
@ooscgt Жыл бұрын
Thanks so much for the great info. Is the “80/20” rule something to consider too? My employer’s insurance seems to be the way to go for me due to this Medicare rule. Thanks again.
@AbtInsuranceAgency Жыл бұрын
Yes! Lots of videos on my channel talk all about Medicare Supplement plans that pay the 20% that Medicare doesn’t, or Medicare Advantage plans. Definitely something to factor in when making this decision.
@LarsPop-Tartus2 жыл бұрын
Sound is very good!
@hddynaroy1111 Жыл бұрын
I’m turning 65 in 6 months. My wife is 70 and enrolled in part A. We are both collecting SS and I am working as well. My employer health plan costs me $300 biweekly to cover the two of us. It seems like it would be less expensive if we each sign up for part B/advantage plan on my birthday this year. Am I confused?
@danoozark58272 жыл бұрын
Can your office help me decide which company is best for a G plan and drug coverage- I need coverage starting May 1
@AbtInsuranceAgency2 жыл бұрын
Absolutely! 888-465-9728 🙂
@Bob-di8cz10 ай бұрын
Hi Stephanie. If I am the employer with a business less than 20 employees, am I kind of forced to keep my health insurance through my business because if I did not my wife who is less than 65 and children less than 25 would not be covered since they have there insurance as dependents under my business health insurance. Thanks.
@AbtInsuranceAgency10 ай бұрын
If your wife isn’t an employee of the business, or can’t be made an employee, you could look at the option of getting them a health plan through the Marketplace, or you could choose to keep your family small group coverage.
@silver60542 жыл бұрын
Re employer coverage vs part D: not eligible for medicare quite yet but I have been looking around. I take an self-injected biologic and have just been put on a weekly dose. All the Part Ds that I see have such drugs as a Tier 5, and thus I have to pay 5% in the catastrophic coverage phase, so the cheapest I found is an annual cost (just for this drug) of around $14,000. On my spouses plan (with coupons from the manufacturer which aren't allowed under medicare) I am paying about $60 a year, quite a difference! In your experience, are all Part Ds going to be somewhat similar, or are their plans with a cheaper top tier.
@AbtInsuranceAgency2 жыл бұрын
A search on Medicare.gov will show you all the possible lowest cost Part D options. Sadly many of these self injected medications can be quite costly on any part D drug plan.
@kimjay2697 Жыл бұрын
Just fyi...Regarding the 20 or LESS Empoyee Rule: It is NOT JUST 20 or LESS and you HAVE to sign up for Parts A & B without being Penalized Rule! My hubby works for a small PUD (Public Utility Dept) with LESS than 20 employees but has GREAT (Cadillac Insurance) and he wants to work until he reaches full retirement age on Feb 2025. We were told by pretty much everyone (including here on KZfaq) that if you work for an employeer that has LESS than 20 employees, then you HAVE to get Parts A & B regardless of whether or not you WANT to stay on your employers health insurance (when it IS still available) or you get PENALIZED! Well, we just found out from Medicare and confirmed through Social Security that you CAN delay getting parts A & B until you retire and NOT get penalized IF you have continual coverage through your employer or spouse's employer, and fill out the two forms required to prove it and request when you want to start Part B (CMS-L564 & CMS-40B) upon retirement. Part A will automatically start when you enroll in Social Security upon retirement also. To recap: You do NOT have to sign up for Parts A & B if you're working for an employer with LESS than 20 employees IF your employer will continue your health insurance AND you want to keep using it INSTEAD OF Medicare OR you are covered under your spouses health insurance and you want to keep using that until you retire. So, it's NOT just a More/Less 20 employee rule, it's a: "IF you choose to keep the available employers coverage (IF they still offer it/don't change anything)or not rule", really. All of this Medicare stuff can be so overwhelming. Just thought I would add a scenerio that some might be dealing with. 😊 Thank you for all the great info you are providing!
@shaystern2453 Жыл бұрын
such an amazingly convoluted game the government makes us play. it should not be like this.
@avflyguy2 жыл бұрын
Happy customer of your agency. I do have a question about IRMAA? Is this a one time look at income or does it get annual review. Barely escaped the grasp of it by lucky decision to remain employed for just a few months more. 2019 was an unusuall year of some distributions. Made decision to continue working until 1/1/22. Then they looked at 2020 and saved a ton of Part B premiums.
@AbtInsuranceAgency2 жыл бұрын
IRMAA gets reviewed annually and can change for you based on your AGI from your tax return from two years prior.
@stephenstone57002 жыл бұрын
Thank you for such informative videos. Are you and your team licensed in Arizona? Just curious for future reference.
@AbtInsuranceAgency2 жыл бұрын
Yes, we are!
@stephenstone57002 жыл бұрын
@@AbtInsuranceAgency Thank you for your quick response!
@Bob-di8cz10 ай бұрын
Hi Stephanie. Excellent video. I own my own business. I pay for my health insurance and my spouse through my business. The business has less than 20 employees. Am I right in saying according to your advice, that I should sign up for Medicare as primary and keep my insurance as secondary so that my wife does not lose her coverage. Then when my wife turns 65 she can sign up for Medicare and I can drop my plan through my business. Thanks.
@AbtInsuranceAgency10 ай бұрын
Bob, is your wife also an employee of the business? If so, she should be able to stay on the health plan, even if you disenroll. But yes you should sign up for Medicare when first eligible, in order to avoid claims issues.
@Bob-di8cz10 ай бұрын
My wife is not an employee but I guess I could hire her as one and than any dependents I have who are under 25 could be covered under her? Thanks
@AbtInsuranceAgency10 ай бұрын
@@Bob-di8cz that is an option!
@user-jm2fw6iy6s2 жыл бұрын
Hi Stephanie, I retired in 2019, have terrific healthcare coverage for my wife and I which is fully paid for by my employer and I will be 65 in August. I suspect I will automatically be enrolled in Medicare A & B soon. 1) Do you think I should enroll in Part B since my wife and I have lifetime Healthcare Coverage through my company? 2) If they automatically enroll me in Part B and I decide I don't want it, do I just return the Part B card? FYI ~ My employer has over 400 employees and my wife is working a few more years Thanks
@caib714 Жыл бұрын
Only you can enroll yourself into Medicare when eligible, not your employer. It's not automatically.
@jamesgrissom37502 жыл бұрын
Since I'm turning 65 this March . And I will continue to work with a premium insurance coverage by my employer . Should I apply for part A coverage. Or continue to wait until I deside to retire. And do you provide your services in FL. Thank you for the services you provided with your videos.
@AbtInsuranceAgency2 жыл бұрын
You can enroll in Part A as long as you don’t plan on making HSA contributions. And yes we do work in FL! 🙂
@jamesgrissom37502 жыл бұрын
@@AbtInsuranceAgency Thank you for you quick reply. I am thankful that I found an subscribed to you site . I'm looking forward to contact you when that important time comes . To make those crucial decisions . We all need at that time in our lives . Best to you and your staff.
@jimmyg56362 жыл бұрын
My employer at age 65 does not offer medical insurance but they do offer some type of benefits to be used for supplemental insurance to Medicare. I’m not sure exactly about the details but I retired at age 62 and I pay my premiums to Chard Snyder and is considered COBRA even though it is the same coverage essentially as a full time employee I am a bit confused
@AbtInsuranceAgency2 жыл бұрын
If you are retired, any type of COBRA or retiree benefits would not qualify you to delay Medicare without penalty. So, you will want to enroll in Parts A and B of Medicare when you are first eligible. I hope this helps!
@jimmyg56362 жыл бұрын
@@AbtInsuranceAgency I enrolled in social security and as I understand it my enrollment in part A and B is automatic Thanks for your reply and I’m 63 so I’ll be needing help in 2 short years
@AbtInsuranceAgency2 жыл бұрын
@@jimmyg5636 yes, that’s correct! Please call us anytime, we would be happy to assist ☺️
@rodneysands49382 жыл бұрын
I am 66 and have not signed up for B but they signed me up for A when I started receiving SS. (really messed up my HSA had to withdraw and pay taxes). My question is when I do want to retire losing my health coverage how long will it take to be covered by Medicare and either a gap or advantage plan where there is no loss in coverage?
@AbtInsuranceAgency2 жыл бұрын
I recommend applying for Part B at least 6 weeks - 3 months before you retire if possible, since Medicare can take a while to approve the application. However, even if you apply later than that, Medicare will approve your Part B coverage to start as early as the first day of the month following when you apply. Medigap/Medicare Advantage can be effective as early as the first day of the following month when you apply, and for some Medigap Plans even sooner. I hope this helps!
@ginaballard9070 Жыл бұрын
If I work past 65 will I be penalized with a delay in the purchase of a supplement plan?
@AbtInsuranceAgency Жыл бұрын
No. I would advise delaying your Part B enrollment until you retire, as long as you have creditable coverage. Your Medicare Supplement open enrollment period is based on your Part B effective date.
@ginaballard9070 Жыл бұрын
@@AbtInsuranceAgency thank you. I do have health, dental and vision insurance currently. How do I delay if I decide to do so?
@AbtInsuranceAgency Жыл бұрын
@@ginaballard9070 if you are not yet collecting social security benefits, then you can simply do nothing to delay your Medicare enrollment!
@ginaballard9070 Жыл бұрын
@@AbtInsuranceAgency thank you so much, I am not currently collecting SS. I'll be 65 this August.
@zacharywilliams29232 жыл бұрын
How would I make sure that I don’t automatically get enrolled in Part A or B. Don’t want it to mess up the HSA and get tax penalties.
@AbtInsuranceAgency2 жыл бұрын
Are you drawing social security benefits?
@zach33752 жыл бұрын
@@AbtInsuranceAgency no
@AbtInsuranceAgency2 жыл бұрын
@@zach3375 then you should not be auto enrolled. You would have to actively enroll in Medicare to trigger Parts A/B
@timstagray36802 жыл бұрын
Are you able to work with people in michigan? And how do I get in contact with you? Thank you.
@SpyderRTL2 жыл бұрын
I am employed with medical including dental, vision and prescriptions. My wife just turned 65. Does it make sense to have her enrolled in m we medicare part A only?
@AbtInsuranceAgency2 жыл бұрын
Yes, as long as you remain actively employed and she plans to stay on your employer plan!
@user-xj1ow9be6m2 жыл бұрын
I work now for city government. I am planning on retiring next year and working full time at a Casino that is being built in my city in VA. Me and my 13 year old son on now on my city insurance . With my son on my insurance my concern if I go on Medicare he will not be covered. I assume I will be able to put him on the casino job insurance when I am employed there. What suggestions would you have for me to het medical dental and vision insurance for my child if I did choose to go onto Medicare. I assume they will not cover my child. Thank you very much.
@AbtInsuranceAgency2 жыл бұрын
You could obtain a private individual health insurance plan for your dependent if the employer plan isn’t available for him. There are a few different options. We would be happy to help! 888-465-9728
@Summer6920012 жыл бұрын
Hello! What if by mistake I got enroll on PART B? Age 65, still working for a few more months, and with an employer that has over 20 workers…. What do I need to do to fix that?
@AbtInsuranceAgency2 жыл бұрын
Call social security to cancel your Part B at 1-800-772-1213.
@lalva5798 Жыл бұрын
COLORADO?
@AbtInsuranceAgency Жыл бұрын
We are licensed in CO! Give us a call. 888-465-9728
@mattmathew311511 ай бұрын
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 that is it ok to delay Medicare until I work at this company? Because of injury at workplace I am off-work for almost one year and I am under treatment. Does this plan works for me? The next question is that my wife’s birthday is 05/14/1959 and she will turn to 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.
@AbtInsuranceAgency10 ай бұрын
Yes, in both cases it is OK to delay Parts A and B of Medicare until you retire, as long as you work for a "large" employer (20 + employees) and have coverage through yours, or your spouse's employer plan! No penalty.
@jenniferrodriguez71432 жыл бұрын
If they go with cobra and enroll in part b will they get get Lep? Is cobra considered creditable drug coverage?
@AbtInsuranceAgency2 жыл бұрын
Typically cobra is considered creditable for Part D. The carrier would be required to tell the member if it is not creditable.
@eleriloki62752 жыл бұрын
My husband is actively employed in a company with more than 20 employees. He will turn 65 in Nov. this year but I won't turn 65 until next July. I'm assuming we should continue his employee health benefits until I am 65 then opt out as it will most likely be cheaper to do so. We also contribute to an HSA. Will he recieve a penalty if he waits? Or can he sign up for Medicare but leave me on the employer benefits plan?
@AbtInsuranceAgency2 жыл бұрын
It sounds like you might benefit from contacting us directly to assess your situation. Please call 888-465-9728 or email stephanie@abtinsuranceagency.com !
@Zoeislife13 Жыл бұрын
What is Saha plan
@Zoeislife13 Жыл бұрын
Hsa plan?
@ayazgillani45872 жыл бұрын
Hii Thanks you soo much for making such a great and informative video I wanna ask you that would you like to work with outbound sources I am here in Pakistan and we deal with quality work
@mbake44002 жыл бұрын
hi thanks for the video's. my employer says i have ro enroll in medicare at age 65. 8000 employee's, PA. i dont know if they pay for anything after that, what has been your findings. i probaly will retire at 65 1/2, 66. and sign up for ss at 66 1/2 my official date. thank you.
@thankswillie2 жыл бұрын
everyone needs to sign up for part A, at 65,,its free....seems to me if your covered under employer,,,then no need to sign up for part B,,which is $170.10...never mind D and supplement cost
@-myal-8691 Жыл бұрын
If a person is allowed to wait 8 months to enroll in Plan B after the employer health sponsored health plan ends, wouldn't that create an insurance gap? If they enrolled right away after losing employer coverage, even using the SEP, would they have to undergo underwriting to get enrolled in a supplemental plan G?
@caib714 Жыл бұрын
Enroll into Medicare the same month your employer plan ends. No gap and no issues.
@AbtInsuranceAgency2 жыл бұрын
Please - give me all of your feedback and constructive criticism! What topic should I cover next?
@Retiredmco2 жыл бұрын
Great job Stephanie 👌👍! Could you compare medigap G vs high deductible G. THANKS ☺️👍
@AbtInsuranceAgency2 жыл бұрын
@@Retiredmco Good idea!
@Retiredmco2 жыл бұрын
@@AbtInsuranceAgency I trust you will do a fantastic job if you choose to do it!
@Retiredmco2 жыл бұрын
@@MariaLuise1984 I recommend you see the latest video from Christopher Westfall. Will answer your questions on this.
@Retiredmco2 жыл бұрын
@@MariaLuise1984 We shall see, his picture is accurate
@grizztough409110 ай бұрын
confusing... I have employer paid HC, I turn 65 this year.. my spouse is 5 years younger, not working. Do I need to sign up for part A or not? Yes, its a large company.
@AbtInsuranceAgency10 ай бұрын
You can, or not. It's up to you and you won't get penalized if you delay Parts A and/or B if you are still working for a large employer w employer insurance.
@grizztough409110 ай бұрын
@@AbtInsuranceAgency . Ok thank you. Now, lets say I lose this job and am looking for another. How long can I look for other employers offering insurance and not get penalized? Or in that scenario would I need to sign up right away?
@AbtInsuranceAgency10 ай бұрын
@@grizztough4091 you have up to 8 months after you lose employer coverage to enroll in Part B without penalty!
@rodneysands49382 жыл бұрын
I am 66 and have not signed up for B but they signed me up for A when I started receiving SS. (really messed up my HSA had to withdraw and pay taxes). My question is when I do want to retire losing my health coverage how long will it take to be covered by Medicare and either a gap or advantage plan where there is no loss in coverage?
@caib714 Жыл бұрын
If you don't qualify for special medicare enrollment exception, then it's Jan thru March is when you can sign up since you missed your initial window when turning 65, in my opinion.