8 Reasons to DELAY Medicare Past 65 That Will Save You Thousands and Avoid ALL Penalties
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- Опубліковано 29 тра 2024
- Do not make the mistake of signing up for Medicare at 65 years old if you don't need to. There are several reasons why you would want to delay Medicare so you can save money, keep your spouse covered, or continue HSA contributions. We go over when you should NOT take Medicare, when you should consider it, and when you should definitely take it.
Video for those with FEHB:
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⏰ TIME CODES ⏰
0:00 Lost in the maze
0:38 2 Ways to Delay
1:41 Careful HR
2:30 Small Company Exception
4:55 Do NOT take Medicare
5:58 Consider Medicare
10:16 When you SHOULD take Medicare
12:10 Part B Penalty
13:21 Part D Penalty
14:21 Secret Message
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#medicare #theretirementnerds #socialsecurity #retirementnerds #finance
Federal Disclaimer:
We do not offer every plan available in your area. Any information we provide is limited to those plans we do offer in your area. Please contact Medicare.gov or 1-800-MEDICARE to get information on all your options.
Companies don’t try to move older employees off Medicare. They just try to find ways to move older employees out the door.
lol!
Yup, that happened to me....forced retirement. 😢
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.
I'm taking Medicare at 65. Money isn't everything. Health and the piece of mind is everything at this age and beyond.
Agree! Me, too! 😊
ACA is so much better and much cheaper.
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.
Thank you so much for watching and your kind words 🟢
We agree... it should be much more simple.
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
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 🙂
So glad! Your wife deserves it!
That’s sad. 😢
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
Medicare is great for many!
@@beverly9 not once you turn 65, Aca is not an option
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.
@@lusmas99 it's covered in the video around the exceptions to penalties. Specifically if you are covered by a plan through work.
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.
I’m retired military. In order to keep my Tricare insurance, I have to get Medicare at 65.
Correct! Don't let anyone talk you into dropping Tricare. It is amazing.
Same. I pay for Medicare, but Tricare for life is free. Hooray!
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.
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. :-)
I’m happy for you. When you say agent, who exactly do you mean? Thank you.
@@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!
There is no penalties if you keep working past 65,with insurance.
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.
@@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)
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.
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.
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.
Medicare can be great!
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!
@@alansach8437 My insurance through my employer is a seventeen hundred dollars deductible. It's so expensive I'm not using it.
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.
Crazy! What if you have a substantial emergency??
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.
This is great! Glad they were helpful! 🟢🟡
Combine those two colors for yours 🙂
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!
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 😊
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.
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!
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
Retirement age (full social security benefits) vs. Medicare eligibility are different.
All of these details make my face turn GREEN. Thanks for the help and information!
Thank you for tuning in! 🟢
Wish it wasn't so complicated!
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.
Of course! Glad you found us!
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.
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
Appreciate you watching and saying this!
🔵
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.
Sounds like a good plan! 🔵
Green! I am 61 and appreciate all of your videos as I'm trying to decide when to retire.
Thank you for tuning in! 🟢
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!
My favorite color is blue. You weren’t long winded!!😊
Thank you so much! 🔵
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.
My favorite color is teal.
Thanks for helping to clear up this topic.
Happy to! Glad it was helpful!
Purple is my favorite color. Thank you for your explanation on Medicare.
Thank you for watching! 🟣
I like the deep rich purple. But I"m partial to the saturated reds too.
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!
So glad it was helpful! 🔵
Thank you for subscribing!
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
So glad it is helpful! Thank you for tuning in! 👝 closest emoji to fuschia I could find 🙂
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!
Glad it was helpful 🙂💠
Thank you for this important information 🙏🏻 Eddie 🇵🇷🇺🇸
Blue. Thank you for the diversity of scenarios you discussed. You answered several questions I wanted answers to, thank you!!
So glad it was helpful! Thank you for watching! 🔵
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,
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 UA-cam.
Thank you for tuning in! 🔵
My question is why would you leave France to come to the US? I lived in Paris for two years and never wanted to come back. I wish I could have traded places with! Good luck to you!
@@thekomzik8003 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.
Red, would you do a video about drug coverage and something my mom always referred to near the end of the year called the doughnut?
I love all colours. But I'm partial to green. Thanks for the information
Appreciate you watching! 🟢
First time, including the Medicare Website, that taking or not taking Medicare at 65 is clearly explained. Thank you!
Thank you for watching!
Blue background and your impressive knowledge of Medicare is most appreciated!
Thank you so much for watching! 🔵
Unfortunately, if you are a retired military veteran you have no choice. Tricare mandates military retirees start Medicare at 65.
I retired at 65 and don't regret it one bit. That was in 2018.
No reason you should. What good is more money if you're too old and feeble to enjoy it?
61 and feel the same way. Loving life my way.
How can you afford it?
THANK YOU.
Wow, that's a lot of information to take in but very well presented. Thanks for clarifying!
Thank you so much!
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.
That's great! Sounds like you fall into the scenarios at the end of the video 🙂
In what way did it save you the 25k? I’m getting read to file soon!
@nickwelch8057 here is a general idea of costs on Medicare (varies based on where you live) ua-cam.com/video/TJCE4pKoKvc/v-deo.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.
@@Theretirementnerds I saved over $25,000 in annual health insurance premiums by enrolling in Medicar. Such an easy decision!
@@nickwelch8057 The open market premium with Premera (AK & WA blue cross) was over $25,000.
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.
Well done on the colors 👏
It is frustrating, isn't it?
Informative video, thank you.
Purple. I like your long winded way of explaining things. Ty. Subscribed
Thank you so much! 🟣
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
Thank you so much!!
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...
Thank you for watching! 🌊⛵️
Here's a video on FEHB and Medicare for you:
ua-cam.com/video/mK9Ik6Q269E/v-deo.html
lilac color. Thank you for the info!
Thank you so much for watching! 🟣
Excellent detail information please keep up the good job, the sky is Blue ☀️👊
Thank you so much!! 🔵
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.
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:
ua-cam.com/video/xKuXEojvdmA/v-deo.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
@@Theretirementnerds Thank you for your response! Yes, the video you linked to was great!
@@wrecklisseve awesome!
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?
Yes, still counts as creditable coverage 🙂
Blue. Excellent presentation of critical information. Well done!
Thank you, Tina!
Green. Thanks for the detailed explanation.
Thank you for watching! 🟢
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.
Thank you for sharing!
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.
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.
Why are you here if you are not a resident? You want it both ways.
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.
@@mistylarosa9821 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?
@@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.
My favorite colors are yellow, blue and orange. Thank you for such informative video. 🤩
Thank you so much for watching! 🟡🟠🔵
Blue. I have watched a few of your videos and so appreciate the valuable information. Thank you
Thank you so much for watching! 🔵
I do have Medicare part A month part B
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.
Thank you so much for watching and sharing! 🔵
Blue, Thanks for the video. This information really does help!
Thank you so much for watching! 🔵
Thank you. Great info. My favorite color is white, navy blue too.
Thank you so much!
⚪️🔵
I will retire next year at 64 & I promised my wife I would wait & file for Social Security at 65. I will NOT wait any longer than that although she would prefer that I wait until 70 so she can get a larger survivorship benefit when I croak.
Congratulations on retirement coming up!
We have a group that does no-cost Social Security planning and strategy if you ever want help there :) Thank you for watching!
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.
Thank you for spending time with us! 🟡
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.
So glad it was helpful! Thank you for watching! 🔵
I'm a MMAP/SHIP counselor and your advice was spot on. Great job! Your daughter is adorable :)
Thank you so much!! 👧🏼
Not exactly green about this, but you spoke to my wife and my situation. Thanks!
Thank you for watching! 🟢
Blue! Thanks for trying to help me understand this confusion of red tape.
Thank you so much for watching! 🔵
Green and thank youthis valuable information.
Appreciate you tuning in and sticking to the end :)
Not long winded at all. It's all great info, especially as my husband and I are in the final stages of our careers before retirement. And your daughter is adorable in her pretty pink dress.
Thank you so much for watching! 👧🏼🩷
Pink is my favorite color. First time listening to you. You were not too long-winded. You really helped me. Great video..Thanks.
Thank you so much for watching! So glad you found us! 🩷
Blue. Thx for insightful, concise information.
Thank you!! 🔵
Blue, very informative vid, didnt know about those penalties, ty.
Thank you for tuning in! 🔵
Great information as usual. Thanks for helping us manage our Green.
Thank you! 🟢
Purple
Thanks for the great advice
Thank you for watching! 🟣
Green is my favorite color. Thank you for the information!
Thank you so much for watching! 🟢
Blue. Thanks for sharing.
Of course! Thank you for watching! 🔵
Great info, thanks. Blue
Appreciate you! 🔵
Blue. Thank you! Very I formative.
Thank you so much for watching! 🔵
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 !!
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.
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).
Still a few years to go before Medicare, but great information! Thank you!
Thank you!
thanks for the info...spring green is my fav😁
Thank you so much! 🟢
Yellow! Very helpful! I'm staying tuned!
Thank you so much! 🟡
Color Brown. Thank you for your video! Very informative
Thank you for taking the time to watch! 🟤
Red. I just discovered your channel and subscribed. Thanks for sharing this information with us.
So glad you found us! Thank you for tuning in! 🔴
Purple, and thank you very much for the video.
Thank you so much for watching! 🟣
My favorite color is gray . Your explanation of whether to take Medicare or not is very helpful.
Thank you so much! ⚪️
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.
Thank you for watching! The HSA is one of the most common misunderstandings we see 😕🔴
My favorite color is black and will always be black. Thank you for this information.
Thank you so much! ⚫️
Color me appreciative. First time seeing this channel, greatly informative.
So glad you found us!
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.
So glad it was helpful! 🔵
Maybe you don't take anything now, but this is the states, it only takes one prescription to bankrupt people here.
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.
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.
Purple. Thanks for the information.
Thank you for watching! 🟣
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!!!
So glad you found us too!
Blue is my favorite color. This was a very good video and quite complete--you covered everything I could think of, so thanks.
So glad it was helpful! Thank you for watching 🔵
Thank you . Great information
Thank you so much!
blue is my favorite color. Thanks for all the great information
Thank you so much for watching! 🔵
Blue-green, which is also s sort of family favorite color. Thank you for this informative and well presented video.
Thank you so much for watching! 🔵🟢
Mine is Purple. Thanks for the info.
Thank you for watching! 🟣
Hi there, my fave color is pink, thank you for asking, and thanks for the info.
Thank you so much for watching! 🩷
Blue, thank you for clarification on this. I'm 70, still working in a company of 200 with a good Cigna plan however, thinking of retirement in about 18 months.
🔵 with Social Security likely a part of your life, remember that you'll need to have Part A at least to get SS benefits. So if you have an HSA, starting SS will kick in Part A, meaning stopping HSA contributions.
@@TheretirementnerdsYes, don’t you have to stop HSA contributions a few months before starting Medicare? Something like 6 months? Three months? Sounds tricky.
@@Cassandra-..- it is tricky... this video makes that all easy:
ua-cam.com/video/xKuXEojvdmA/v-deo.html
Thanks for the info
Favorite color is grey
Thank you, Paul!
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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 .
Thank you so much for sharing. I have 2 relatives reach 65 next year. Should they sign up for all parts?
Purple....no question. Great video!
Appreciate you making it to the end :)