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!!!
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
@@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!
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.
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
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.
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.
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?
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.
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 🙂
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.
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.
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.
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.
@@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.”
@@Cathy0915 advantage plan makes the insurance company as your primary coverage and puts you at the mercy of an insurance company…they can deny you coverage which is getting more egregious. And coverage is not as good as a Supplement plan. There’s a reason why it’s so cheap
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
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.
@@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.
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.
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.
I took Medicare at 65. 6 months later I had a blood clot damage my retina. I spent some days in the hospital and see a specialist once a month. Without Medicare, I would pretty much have lost my house.
@@stephenbouchelle7706 I’m glad that you are doing well. It sickens me to think that you could of lost your home. I hope you are a Republican and vote 🗳Red. Every single illegal gets 100% free health care. Why should an American 🇺🇸 like you ever have to have that worry. 🇺🇸🗳😇🙏👏
My sister is 64 yrs. old, on Oregon Health Obamacare, many health problems, terrible service, wait 6 months for appointments, and then gets rescheduled. I hope she’s still alive when she can get Medicare @ 65.
@@xltek1 that is NOT the insurance it is lack of healthcare personnel. Same issue here in Washington. I have great BlueSheild through my employer and my son has to wait 5 months for his first appointment. Not ACAs fault.
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.
@@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.
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.
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!
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 $$$$ ?
@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.
@@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.
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!
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.
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.
@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.
@@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.
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. :-)
@@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!
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.
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.
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
@@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!
Thank you very much. I watched this to the end ( Green) and subscribed to all. I was cut loose from my job in May, which I expected to retire from. I'm trying to find work and catch up on all this as I am turning 60 on Fri 9/20. I recently heard SSI will be reducing to 800 out of 1000 in ten years when I turn 70 🙄 great timing, so I'm considering retiring at 67 when fully vested, and still working to the $ limit, till 70-73. My wife is 45, so she still has time and has me on her companies 20+ employee pan. This gives me a lot to think about, and you are not long-winded, just through but easy to understand, which I appreciate. Thank you! Kevin B.
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.
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.
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
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.
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!
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
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.
This video is spot-on excellent! I am 65.5 and was really impressed and pleased that you covered the option not to sign up for Medicare, not even Part A, if you’re contributing to an HSA. That’s my situation. There is one important detail I was told that you didn’t mention: one must cease making HSA contributions a full six months before signing up for Medicare. Because of that, I switched my retirement date to the end of June. This way, I can put the annual maximum contribution into the HSA until end of year. (My company’s payroll system won’t let me contribute more than 1/26th of the HSA maximum per bi-weekly pay period.) For my final half year of employment, I will select a medical plan with a lower deductible and no HSA option. Also - Purple is my favorite.
Thank you so much for watching! Here is a video with more details on the HSA and it happens to have purple in the thumbnail 🟣🙂 ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-xKuXEojvdmA.html
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!
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 ! 🎉
@@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!
Very good information. I was very "blue" thinking I would need to switch over to Medicare at 65 but, as my employer is large and our plan has an HSA which covers both myself and my wife and son, it was wonderful to hear we do not need to switch over until retirement at 67+.
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.
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.
Green: I am 64, have a great group plan with BCBS, still working, love my job, good quality of life. This video helped me to understand more on Medicare and some options for me. Thanks!
II still working when I rich 65, I have insurance thru my company, I dropped it, and get Medicare, I saved a lot of money, and better benefits. I’m 70 now I’m ok with Medicare.
@@olgavere6462 Wow! My companies insurance plan is a fraction of Medicare and the supplementals I'd need to equal my companies insurance. I dread the day I'm required to take Medicare.
@nickwelch8057 here is a general idea of costs on Medicare (varies based on where you live) ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-TJCE4pKoKvc.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.
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.
Great topic...I'm 56, retired and my wife and I are using Samaritans ministries. Our plan is to eat and live as healthy as we can, spend time sailing and getting good advice like this:)
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,
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.
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.
@@RodneyDempsey-o8w 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!!!!!!
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.
Great information. I'm only 60 so I have a few years before I have to make this decision but with the info you provided then I know I will NOT be selecting to receive medicare. My wife will still be working. I am on her plan and we have an HSA. I wish I had educated myself earlier about the benefits of an HSA since this is our first year with it. Thank you for this information.
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.
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.
Here's the thing : You DON'T sign up for Medicare. A few months before you turn 65 you will receive a Medicare Card in the mail without "applying" for it. There is no way to refuse Medicare. You'll be on the Medicare system and have an account number in the system that you have Medicare. If you choose NOT TO USE IT, that's your choice, but you're still in the system as having active Medicare. You cannot refuse the process of them sending you a Medicare card with your account number on it. This is straight from the Medicare office unless it's changed. I called about this once for someone and the Medicare Representative said no, you can't refuse to be on it, just don't use it if you don't want it.
This is only of you are taking Social Securoty benefits before or leading up to 65. If you are not on Social Security, you are not automatically put on Medicare at 65.
I love the BLUE on your wall! Your daughter is adorable! Thanks for the info! I will never understand why Medicare is SO difficult! It’s too much for some of our elderly!
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.
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.
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.
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! 🔵
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!
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.
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.
GREEN. I am green when it comes to Medicare. Thank you for being long winded. I enjoyed and really appreciated the thorough and detailed explanation. I prefer it this way!
Fav color - Blue. I already went full Medicare, Plan G and Part D at 65. I watched a bunch of your videos before making that decision, so thank you. I still find your stuff useful and informative. I'll forward this video to an older guy at work that is still on the company plan.
I have VA Medical for life, so diagnosis and cutting edge treatment fully approved. Still have Part A (hospitalization) as it is can't be a, but declined the rest.
Although I was working for a large company when I turned 65, I went on medicare with a good supplement because my work plan had a large yearly deductible. 4 months later I was diagnosed with cancer. Medicare plus my supplement paid for nearly everything. My employer insurance wouldn't have been nearly so good.
@Theretirementnerds I am now 6 years cancer-free, so it all worked out. I was fortunate in that I have no medical bills as I would have with my employer insurance.
You're right. Knowledge is power and that is half the battle. I see so many going in blind and not knowing penalties or know how's. It should not be this complicated. Thank you for what u do:)
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.
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.
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.
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.
Actually, we made the right decision for delaying Medicare, wasn’t sure about the decision but after listening to your video…we were happy to know that we have made the right choice! Your video covered everything we needed to know, it was very detailed and clear…and we wanted to thank you so much for that. Furthermore, please let your daughter know that my favorite color is ‘Red’! 😊😊😊 Thank you again!
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 .
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.
There are laws against age discrimination which I recently learned is 40 yrs of age and older. But you need to be able to prove it such as are they laying off other older employees as well? Are you hearing statements such as, "When are you going to retire?" Shouldn't you retire by now? Why aren't you? Don't you want to enjoy your retirement?" , or any such remarks along those lines.
I have a friend that did not take Medicare because his wife was still working and had good health coverage. When he finally took it he was penalized heavily. I'm taking it asap.
Thank you so much for watching 🔵 This video goes over the tax consequences a bit more: ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-ZetbFdEqi2A.html
Earth and natural tone colors :) I have a younger spouse but not quite there yet for at least a good decade. Thank you for this video; it will definitely help with retirement planning. Great things to think about…subscribed!
