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@@GilbertoBenitez708090 While you're explaining Psalms, explain why a dude sleeping with an engaged Jewish minor WITHOUT asking her fiancee's permission is "Christian."
I'm 54 and my wife and I are VERY worried about our future, gas and food prices rising daily. We have had our savings dwindle with the cost of living into the stratosphere, and we are finding it impossible to replace them. We can get by, but can't seem to get ahead. My condolences to anyone retiring in this crisis, 30 years nonstop just for a crooked system to take all you worked for.
@Christina-Gisela The crazy part is that those advisors are probably outperforming the market and raising good returns but some are charging fees over fees that drain your portfolio. Is this the case with yours too?
@@Patricia-Margaret Alice Marie Coraggio her trading strategies is working for me for more than a year now and I’m making good profit from the stock market and she's 100% honest, reputable and trustworthy
Thanks USA for making taking care of your health so complex for the working class to poor working class. This gentleman is doing his best to help but this video reminds me of a community college business corse. God help anyone with a learning disability or a language barrier.
Rising prices have affected my intention of retiring at 62, working part-time, and building my savings. I'm worried about whether individuals who weathered the 2008 financial crisis found it less challenging than my current situation. The stock market's volatility, coupled with a reduced income, is making me anxious about having enough for retirement.
Back in the 80s medical insurance was simple. I had blue cross that the company gave as a benefit. If I went to the Dr, dentist or eye doctor, I never paid for anything and didn't get any paperwork from the Dr or insurance company. Now, I get bills from Dr and the insurance company sends me something at least 3 times per week ( I called them to get them to stop sending me the useless information). And my eyes and teeth are part of my body and it SHOULD BE COVERED BY MEDICARE ❗️
isn't it funny THAT SICKNESS rose with the MANDATORY INSURANCE??? AS IF we couldn't have one without the other - and the PRICES ALL GOT OUT OF WHACK WHEN SICKNESS BECAME BUSINESS
It was never simple for me. I was self employed for most of my life and rarely had any health ins, but we got by. Have had medicare now for 12 years and covered that with a medicare advantage no premium policy. Quite satisfied with that. But I am now very disillusioned with health care. It is more sick care and very little about actual health
OMG... Im so confused... Ill have to watch this 5 more times....... 😳 the fact your making this information available tells me Im not the only one....thanks for putting this information out there...
If you have any questions please, feel free to give us a call at 800-864-8890 or schedule a free appointment here: www.medicareschool.com/talk-to-a-guide?rc
I think it is absolutely dishonest and horrible that people entering their last years of life with deminished memories and mindsets, who are not up to snuff with technologies and all the legalities of medicare are forced to navigate a system built to take advantage of them in their later years. It is heartbreaking.
That’s called capitalism, I am paying 500.00 dollars without Medicare part D and medical/ or supplemental plan. But if I take everything it be close to 1000.00 for first year. I don’t know how much I will pay next year.
I'm a single, 43-year-old father who resides in Hamburg. If everything continues to go well for me, I intend to retire at age 50. I couldn't be happier right now than I am that I just bought my first house last month. I'm so happy that I made wise choices that altered my life forever.
Salutations, dude. At your age, you're doing extremely well. I'm 54 years old, and right now my finances are a mess. Any helpful advice would be greatly appreciated in helping to mold my life. I want to buy a home of my own.
It seems like I used the FIRE movement to manage my finances. Investigate it further by doing some research. With the help of a financial professional, they were then successful when investing in stocks, cryptocurrencies, and real estate.
I encountered Julie Anne Hoover through my wife, and I emailed her. She is guiding me. Since then, she has given me chances to buy and sell the stocks in which I'm interested in. You can hunt her up online if you require care supervision.
@@AbdoolLogodesign I greatly appreciate it. I'm fortunate to have come upon your message because investing greatly fascinates me. I'll look Julie up and send her a message. You've truly motivated me. God's blessings on you.
The thought of retirement makes me cry. My apologies to everyone who have retired and filing social security during this time after putting in all those years of work just to lose everything to a problem you weren't to blame for.it's especially difficult for people who are retired.
True, It has never been easier to understand how to build your money after retirement than it is right now with the inflation, when you may study and experience a completely variegated market passively by employing a successful portfolio-advisor. The impacts of the U.S. dollar's gain or fall on investments, in my opinion, are complex.
Even without expertise, hiring a financial planner is possible; as a project manager, my $850k retirement portfolio suffered a hit in April. A financial planner devised a defensive strategy, helping me recover and make over $250k since then.
I'm uncertain about mentioning this, but I suggest researching *Camille Alicia Garcia* ; she was prominent in 2020 and manages my portfolio, acting as both my coach and manager.
Thank you for this tip. It was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her résumé.
I am in my early 60s and retired at 53. Lots of people gave me pushback because they had difficulty grasping the concept of not working if you don’t have to. I looked at my life as stages. I earned everything I have now through a lot of hard work, but I owe it to myself to “stop and smell the roses” in my final stage of life. In my case I left the country after I retired and live in Latin America. It allowed me to get away from all the negative things happening in America while appreciating my new environment. I have yet to meet anyone who regrets retirement.
Nice way to retire. For me, I believe retirees who struggle to meet their basic needs are the ones who could not accumulate enough money during their active years to meet their needs. Retirement choices determine a lot of things. My wife and I both spent same number of years in the civil service, she invested through a wealth manager and myself through the 401k. We both still earning after our retirement.
This is true. I'm in my mid 50's now. My wife and I were following this same trajectory. Last two years, I pulled out my money and invested with her wealth manager. Not catching up with her profits over the years, but at least I earn more. I'm making money even before retiring, and my retirement fund has grown way more than it would have with just the 401(k). Haha.
It's unfortunate most people don't have such information. I don't really blame people who panic. Lack of information can be a big hurdle. I've been making more than a million dollars by just investing through an advisor, and I don't have to do much work. Doesn't matter if the economy is misbehaving; great wealth managers will always make returns.
I think this is something I should do, but I've been stalling for a long time now. I don't really know which firm to work with; I feel they are all the same but it seems you’ve got it all worked out with the firm you work with so i surely wouldn’t mind a recommendation.
I definitely share your sentiment about these firms. When I was starting out, I checked out a couple of freelance investors online, so you could do the same. I personally work with “Colleen Janie Towe”, and she's is widely recognized for her proficiency and expertise in the financial market. With a comprehensive knowledge of portfolio diversification, she is acknowledged as an authority in this field. Most likely, her deets can be found on the net, so you can confirm yourself.
It's criminal to force older people, many of whom may be affected by cognitive issues, to negotiate this convoluted labyrinth of choices. Many will be unable to process just what they need to do to serve their own best interests, simply because of the confusing morass that govt programs have become.
OK. Now I am just turning 65 and I have some things to add. My wife was 71 when I had to retire to take care of her. When I did so, I lost my health insurance. I enrolled in COBRA and it was damned expensive. Had I known then what I know now, I may have chose differently. Both insurances together were 1600 a month, which is a horrible price to pay, but it was an approved plan so she slid onto part B with no problem. Here's the thing. She went to the hospital and the finance people were telling me that BCBS was the primary and Medicare was the secondary, this is just information. COBRA through your former employer is the secondary payer and Medicare is primary payer. Hope this helps when choosing what to do. It doesn't matter now. RIP Linda B. 07/16/23 I miss ya baby. Thanks for 45 years. It was worth everything we went through. ( I made a couple of edits because I made some mistakes on the post. Thanks to youtube for allowing me to edit. 😤
If you have to work past 65 cause of money, then the Feds should not tax it like that did all your life. had you not been taxed all to hell your whole life, you might could retire at a normal age.
@@amirkazemi2517 My state has "homestead exemption" for 65 and older. You can make up to 41,000 total filing joint and owe no property tax. Above that it is a sliding scale going downwards to about 60,000. My house is paid for and no property tax
I’m carrying my wife and two adult children on my employer based healthcare insurance. I don’t have the freedom to switch to Medicare, though I’m age 66.
You are THE man sir, thank you for your detailed video. I have been having trouble understanding what to do if I keep working and your layout was beautiful. Thank you!
Want to thank you for all the information. Very informative. Sounds like double or triple Medicare dipping tax deductions. It’s crazy how Americans work, are told what to pay from our paychecks, and keep paying, and middle class get nothing back for working or paying. At 65 after working all your life Medical shouldn’t be so confusing, but carefree. I mean Free.
What a fucked up country this is make a mistake because wrong info or you did not understand the system and you may take a dump,when you turn 65 everyone should get a medicare card no A or B bullchit this government is crazy
Absolutely the BEST video on RUclips of ANY Medicare advisor on this particular topic. I've spent hours trying to get this precise information, and you made it very clear. I called Social Security to confirm your comments...BINGO...you're exactly right! Thank you! I have now subscribed to your channel and will follow it for a long time, and also tell others about it! Awesome work!
One thing to consider is that many doctors don't take Medicare. I had very successful prolapse surgery and I'm fortunate that my husband is still working full-time at 72 and we have great insurance that covered it. My friend needed the same surgery and looked Into the same procedure but they don't take medicare. It is a fairly new procedure so not many doctors do this particular surgery yet.
If you’re on traditional Medicare with a supplement, 99% take those. It’s the HMO’s they’re having trouble with. Washington DC is meeting about the HMO’s in violation of their agreements. They’re declining coverage Medicare covers and squeezing payouts. The pre authorizations are time consuming. The medical community push back, they don’t want them. They’re not medicare and using that in the name of the plan is another problem. They’re affordable plans for seniors who can’t afford Medicare supplement premiums. Doctors offices are not allowed to complain to patients. I’m charging over and my doctors tell me that’s what we seniors paid for, it works well . We’ll see how it goes. I’m living in an area that has a huge medical presence. Several major hospitals each spending a billion each to expand and upgrade. I mention that because some seniors have to drive to another community for their care.
Notes 1. Group Plan compare to Medicare 9:36 2. Don't take A if on an HSA 3. 18:10 Retired to Medicare L564 and 40 B done 60 to 90 days prior to when you want coverage to start
Great information as usual. My scenario as a retired military veteran, who still works and is covered by a good group plan, is that in order to maintain my Tricare benefits through the Tricare for Life plan, I was required to take Medicare A&B when I reached 65.
I went to the social security office to sign up for medicare when I turned 65 and I was told if I was still working and had health insurance I didn't need do do anything!! When I did sign up later I would need to have some forms signed to prove I had insurance! FYI!
My wife retired two years ago from a public school system. We have been covered on her HMO group plan for many years. I turn 65 in 2 months. The HMO required me to sign up for part A and B plus fill out an application for their “advantage” plan by a month before I turn 65 or they would drop me.
If you have any other questions, or need help getting your Medicare coverage set up correctly, give us a call to schedule an appointment: 800-864-8890 or schedule a free appointment here: www.medicareschool.com/talk-to-a-guide?rc
I am still working & over 65. I am on my employers health plan. I enrolled in social security at my full retirement age. I requested not to enroll in Medicare at that time. Social Security would not let me opt out of part A. They said you are automatically enrolled when you enroll in Social Security. I had to stop the contributions that I made to my HSA and my employers contributions had to stop as well.
Wow! I did not realize my small group company meant I would be the 1st payer if I did not go on Medicare at 65. I did end up going to Traditional Medicare anyway because of your and other videos. So happy I did since it is much less that what I was paying previously and I no longer the restriction on providers having to be in certain medical groups.
Great, I'm glad it was helpful! What did you choose for your Supplement or Secondary? If have any questions please, feel free to give us a call at 800-864-8890 or schedule a free appointment here: www.medicareschool.com/talk-to-a-guide?rc
If you have any questions please, feel free to give us a call at 800-864-8890 or schedule a free appointment here: www.medicareschool.com/talk-to-a-guide?rc
71 year old Military Retiree with Tricare. When I approached 65, I was notified by Tricare that if I didn't enroll in Medicare A and B at 65, my Tricare would end permanently.
My wife is 64, and working she is enrolled in D.E.E.R.S, and is Tricare eligible, though not enrolled. Should she enroll in Tricare, and Medicare A and B at 65?
HSA is definitely the thing to do. Employer several years ago gave me an option to go to a high deductible plan, then they would contribute to my HSA, so did it. Have also been maximizing it every year. Have a nice sum of money built up. Going to max it out until I retire. Well worth it if you have the option as long as you do not have any health issues.
As long as......'dont have health issues' Those odds decrease every day...as you will find. Every trip to an ER can entail costs far beyond that of the initial cause. Any 'accident' ...vehicle/work-related/simple misstep or slip and fall, can easily result in the elimination of those seemingly large HSA funds. Hospital systems are quite good at 'providing' care....at enormous costs. This country may be the only advanced economy where medical costs bankrupt people many times every day
The insurance Nevada provides college faculty is HSA, and it sucks. As soon as I turned 65, I dropped it and went on Medicare. I chose Humana, and it's great.
Im so happy that the algorithm put this in my feed. I had no idea there was so much involved when making a decision to take Medicare or not. Thank you! New subscriber here
there are a lot of us that do not have a "spouse".. things get confusing when you start segwaying off to spousal stuff when the basics sound relevant to a single person
Glad it's helpful! If you have any other questions, or need help getting your Medicare coverage set up correctly, give us a call to schedule an appointment: 800-864-8890 or schedule a free appointment here: www.medicareschool.com/talk-to-a-guide?rc
Is it ever cheaper, when still working, to drop your employment healthcare, take Medicare A & B and pick up a secondary Medicare supplement coverage, and also a prescription coverage?
Yes it can be! ruclips.net/video/3VAK_St3QSw/видео.html If you have any other questions, or need help getting your Medicare coverage set up correctly, give us a call to schedule an appointment: 800-864-8890 or schedule a free appointment here: www.medicareschool.com/talk-to-a-guide?rc
This was an excellent video. Turning 65 this year, still working because I want to, and not collecting social security yet. My window will be from July 2023 to January 2024 if I decide to start. I love the "G" plan and I truly believe if someone can afford it then it is the route to go for peace of mind. I will just get a separate Dental, Vision, and Prescription Drug Plan to go with the "G" plan. The up front cost are more for sure but if something happens I have no huge bills on the back end. Just gotta research reputable companies in the 70364 zip code area. Great Job!
Thank you for watching. I'm glad it's helpful! We can help you shop the top plans with rate stability in your area. If you have any other questions, or need help getting your Medicare coverage set up correctly, feel free to give us a call at 800-864-8890 or schedule a free appointment here: www.medicareschool.com/talk-to-a-guide?rc
@@kokolovitch56If he starts collecting it and does so for 12+ years then he'll break even. That said. Given the decision to keep working just because he wants to keep working says that this isn't really about money. One way or another it seems he'll be able to afford his lifestyle.
This information is SO critical. TY for walking thru this. 63 now, but wife 60, plan to work, sadly, till 68, she is not working due to health. So, I will work until SHE gets Medicare at 65, a little over 4y from now. Have a solid state job (in the state Health ACA no less), so will retire May 2028 at 68y old. This is when SHE gets Medicare. YOUR Information confirms our plan. Both on state job medical plan till I retire, THEN we got to Medicare after Wife's 65th birthday in May 2028. TY again! Sucks to work till then for me, working FT 44 years already in Tech,
I'm struggling in this market. Stocks that I have held for months and made profits from are not behaving the way I'm used to so I’m quite indecisive on how to tackle this market, any advice would be grateful.
My wife is retired federal government with full medical coverage for both of both of us. She is 67, I'm 72 and we have been covered fully since she retired on a family plan. She wants to get Part B but I'm fine as is. If she gets part B what happens to my coverage? Remember if something happens to her before I die her medical coverage rolls to me.
If you're working for a company with 20 or more employees and decide to go on Medicare, wouldn't your salary from the company contribute to the IRMA calculation? If so, that should factor into the decision whether to start Medicare.
When I turned 65 my working husband’s insurance was the better cost and coverage. In the new plan year the insurance company Aetna started harassing me to go on Medicare. They wouldn’t process a claim, instead sending it back to my doctor saying I may have other insurance. Imagine your doctor wants bloodwork before a visit, that’s 2 claims. I’d have to call the provider and Aetna asking them to process again. Aetna made it loud and clear they wanted me out and my husband and I didn’t want to bring his company into it. I wrestled with them until I could get the window around my birthday. I had a one month penalty and because my birthday was mid month another month delay. Horrible experience!!!
Exactly. Around 20min in he talks about not taking Medicare if you're in a group or spouse is on ACA - What if just I am on ACA? What are the drawbacks / penalties if I don't sign up at 65?
This is such an awesome educational video, thank you for what you teach us, not only for the people who want to go on medicare but also me that I'm starting to offer medicare plans as a new health licensed agent. Thank you.
If you are in full-time employment past 65 or past 70 and covered by your employer's healthcare insurance (more than 1,000 employees), do you still need to enroll in Medicare Part A or do you wait till you start SS at 70 (even if you are still in full-time employment, more than 1,000 employees)?
I enrolled in Part A three months past my 65th birthday because it's free in my case (and for most people who have worked a long time). I'm still working at a large multinational company until the end of 2023 (probably). I no longer have a HDHP and HSA because of the six month lookback period since you must stop contributing to your HSA six months before starting Part B. You can pay back the excess HSA contributions but it can be difficult depending on your employer (I checked with mine and they didn't know what to do).
You cannot contribute to an HSA account if you enroll in any Part of Medicare. If contributing to an HSA, don't enroll in Part A, as you will need to stop contributions. If you need to opt out of Part A, you can complete & send CMS form 1763 to your Social Security office. If you have any other questions, or need help getting your Medicare coverage set up correctly, feel free to give us a call at 800-864-8890 or schedule a free appointment here: www.medicareschool.com/talk-to-a-guide?rc
Thank you! I have Medicare part A and am now 66 and I'm changing jobs as well as moving. Looks like I need to apply for part b post taste! Thank you thank you thank you!
In order to keep Tri-Care for Life, you have to enroll in Medicare A & B when eligible. There are Medicare plans that coordinate with Tri-Care for Life and in many areas they help reduce your Part B premium with monthly premium reductions and they are enriched with additional benefits at no cost to you. If you have any other questions, or need help getting your Medicare coverage set up correctly, give us a call to schedule an appointment: 800-864-8890 or schedule a free appointment here: www.medicareschool.com/talk-to-a-guide?rc
If you have questions, or need help getting your Medicare coverage set up correctly, give us a call to schedule an appointment: 800-864-8890 or schedule a free appointment here: www.medicareschool.com/talk-to-a-guide?rc
Question: My hubby retired at 63 and we were covered by his insurance until he turned 65, at which time he went on Medicare. We had no idea that his going on Medicare would discontinue ME being covered by his former employer's insurance. So I am currently uninsured and simply going the self-pay route until I turn 65 in April 2024. Is there anything I need to know beforehand?
You get a special election to purchase ACA Under 65 Marketplace health insurance on healthcare.gov when losing coverage. They're Open Enrollment starts again this November. We can assist you with that to cover the gap until you're Medicare eligible. If you have any other questions, or need help getting your Medicare coverage set up correctly, feel free to give us a call at 800-864-8890 or schedule a free appointment here: www.medicareschool.com/talk-to-a-guide?rc
Question: I work for a small company full time (< 19 employees) and upon turning 65, I inquired and was advised by our company HR personnel that I only needed to sign up for Part A and do not elect Part B but rather continue with the company BC/BS insurer for Medical. In fact, the SSA Application alllows by inquiring if the applicant is covered by a Group Plan (without regard to size). Three months later I had a major medical incident. While I'm am still navigating this nightmare, it seems after months of haggling between SSA, Medicare, and the Insurance Company the later is processing the Claims within the In Network / Out of Network out-of-pocket constraints.
I got bad advice from my company HR. I have a company sponsored health plan and did have an HSA. They said I should pick up Medicare Part A which meant I could no longer contribute to their HSA. Missed opportunity.
As a member of a huge plan…UAW RETIREE… I’m receiving info from them that says if I don’t take Medicare they will stop paying for anything Medicare would have paid for had I opted to take it…Is this legal? Does my retiree plan have the right to stop being my first payer if I choose not to take Medicare? I turned 65 in October of 23, so I’m approaching my 7th month in January of 24…
I’m trying to compare my insurance to Medicare. Premium $73/mo, Ded. $1500, Co-pay $45/65, Co-in 20%(in-net)/40%(out-net), out of pocket $6000(provider)/$12000(non-provider). Do you consider this insurance is good? Coming from a country with universal insurance, I’m not sure about it. I’m thinking of getting Medicare because I need to get cataract surgeries done. With my insurance, the estimate is over $7000. Any insurances don’t pay for laser treatments, I understand. But physician/facility fees are over $4000 per eye. Wow!! Expensive. Thank you.
We're happy to review more comprehensive and better options. If you need help getting your Medicare coverage set up correctly, feel free to give us a call at 800-864-8890 or schedule a free appointment here: www.medicareschool.com/talk-to-a-guide?rc
I have a 215 insurance license (health, life, annuities. The Medicare supplement plans are the biggest racket I have ever seen. I left this industry because there is little truth to most insurance proposals. Invest the same money that you would pay for over priced supplement insurance plans and use it when you need it. You will essentially become self insured after a few years.
I have a great group plan costing me $30 a month and an HSA with a match. I have no intention of retiring so it sounds like I don't have to do anything. Thanks for the information!
I turn 65 in April 2025, thinking of working till 65 and eight months. What's the best thing to do. My company has over 200 employees. Should I apply for both Medicare part a and b when I reach 65.
Thank you forthe great info. I'll turn 65 in September. I want to stay working until 70, but tomorrow is not guaranteed. Therefore, taking a chance on staying healthy and employed I've decided to just sign up for Medicare alongside my current group health plan. If God forbid I lose my job tomorrow or suffer a illness where I can't return to work, I should still have medicare already in the works!
You would go on Medicare or keep the group insurance. We can help you review your options and compare to see which is more cost effective. ruclips.net/user/shorts1rLuNGVSKwI?feature=share4 If you need help getting your Medicare coverage set up correctly, feel free to give us a call at 800-864-8890 or schedule a free appointment here: www.medicareschool.com/talk-to-a-guide?rc
Damn. That was good. I’m 70 now and still working. All this stuff confuses me. Where can I get help in navigating and optimizing my social security and Medicare while still working at my age. Thanks, Paul
If you have any other questions or need help setting up your Medicare coverage correctly, give us a call at 800-864-8890 or schedule an appointment at www.medicareschool.com
Calling you folks today. :) After watching hours of videos on this topic I'm still not exactly sure which way I'm going...keeping my wife's health insurance from her company, or dropping that coverage and signing up for Medicare
Something not covered In 67, working, covering my 62 yr old wife. Cheaper to take Medicare for me but she’s not covered I stayed on company healthcare I was required to take Medicare part A which is free and secondary
Thank you for the info. I am coming up on these very decisions soon. I will turn 64 in November, 2023. My wife turns 65 in May of 2024. I work full time, she does not work, stays home to care for our special needs adult child. We are on my employer's group plan for insurance. There are 23 employees at our facility. I plan on working full time at least until my full SS age of 66 yrs, 10 months, so basically 3 more years. After that probably part time to suplement my income. Our plan costs almost $200 a week, which includes dental and LTD, and does have a 2K/4K deductable but includes an HRA benefit. It is a daunting and confusing process to know what and when to make the correct decision.
You're welcome! We can help review your options and di comparison of Medicare vs your employer coverage. If you have any other questions, or need help getting your Medicare coverage set up correctly, give us a call to schedule an appointment: 800-864-8890 or schedule a free appointment here: www.medicareschool.com/talk-to-a-guide?rc ruclips.net/video/3VAK_St3QSw/видео.html
My wife is on SSI and she is 68. Do we need a supplemental plan for her? I just signed up with an agent in Idaho to start my Medicare ANB I’ll be turning 65 in three months I want to be in the best group plan and he said I don’t sign up for the group plan until I get my card I’m nervous because I want to do the best for the family just my wife and myself what to do?
I’m single, 68 still working full time. My job group plan is primary, and Medicare A is secondary. I’m planning to retire at 70 and works part-time. Do I need to enroll part B and when? If not, will a supplemental like AARP is better than part B, please? Or they are totally different?
You will want to sign up for Part B and a supplement plan if you are looking to have no networks and be 100% covered. You will want to sign up before you retire so you have no gaps in coverage. We will be able to explain in detail your options and how to the process looks. Give our office a call, we're pleased to help 1-800-864-8890.
I'm turning 65 in Oct 2023, still working with no plan to retire yet. My employer has a great group plan with HSA. I went to SSA and they told me I have to enrol in Part A, so I did. From this video, I learned it's a mistake. How can I reverse the Part A enrolment? I only have a month till I turn 65.
Part A is Optional, not required, and not recommended if contributing to an HSA account with Employer Group Insurance. If you're covered by the large group insurance with hsa and want to keep it, you can opt out of Medicare Part A by completing CMS Form 1763 and sending it to your local Social Security office. If you have any questions please, feel free to give us a call at 800-864-8890 or schedule a free appointment here: www.medicareschool.com/talk-to-a-guide?rc
You put out great info! But I need a video about those with VA health coverage, which is my ONLY group plan. I will turn 65 on March 29, 2024 and need to decide action/direction to take.
My team would be happy to assist you with setting up your Medicare coverage correctly. Give us a call at 800-864-8890 or schedule an appointment at www.medicareschool.com
I'd love to have you do a version of this for military retirees to help us understand how TriCare for Life fits into these decisions, including A, B, and prescription drugs. Thanks...
@@pattijesinoski1958 Thank you .. I don't intend to. I'm more interested in how TFL affects timing of decisions and/or cost effectiveness of supplemental plans in addition to TFL.
Thank you so much for sharing this information. It is a blessing for all of us . However , I do have one question ? Suppose you have a person who Continues to work between the ages of 65 -67 and does not choose to use Medicare ,but for some unforeseen reason they get laid off , have they missed all of their Medicare enrollment opportunities? How would that work?
It would depend on how long that was, you'd have a penalty based on how long it was. Give us a call we would be happy to go through and answer any questions you have. 1-800-864-8890.
Glad it was helpful! If you have questions or need help setting up your Medicare coverage correctly, give us a call at 800-864-8890 or schedule an appointment at www.medicareschool.com
I'm 60 y/o now, hoping to work till 65-67 y/o. My wife and I have very good coverage. Will most like defer medicare till 67. Didn't realize that if you're collecting social security, you can decline part B if your spouse still works with great coverage and re-apply later. Thank you! SUBSCRIBED :)
Thank you for your help with this Insurance complexity- I don’t want Part B - Is it too late to stop part B deduction in October ? I will start getting Ss in November
Average Employer, That Pays Decent, Are Companies With 200-300 Employees, and a " Tight Rope " To Keep and Hold These Jobs...Usually, A High-Profuctive Warehouse, " walking a tight Rope, is putting it mildly "...
Oh and I started getting my social security at age 62. Am covered by my husband's health plan for a big company. He turned 65 in january 2023 and will retire when I can get my health insurance through Medicare.
If he needs to retire sooner, you would have a special election period to get Marketplace health insurance (ACA) if you lose your coverage. If you have any other questions, or need help getting your Medicare coverage set up correctly, give us a call to schedule an appointment: 800-864-8890 or schedule a free appointment here: www.medicareschool.com/talk-to-a-guide?rc
I retired at 50 yrs old...and I am 61 yrs old now (10/2023). I still have time to decide my medicare options, as I am presently trying to decide if I take Social Security, @ 62 or wait tell 67...? Thats not to say that i haven't questioned medicare and the many-many opitions that await me when I hit 65!?!?
In Oregon when I go on Medicare, OHP. Oregon Health Plan, will continue to pay the premium’s, with zero deductibles ! It’s the absolute best insurance I’ve had in my lifetime. That and swimming two miles each day, and walking 6 miles are the best health insurance I’ve had.
I'm in the last group still working at 65. I have health ins through my employer for myself and my bride who is working and younger than me. Social security signed me up over the phone for part A and asked me if I wanted the other and I declined. So I never had to fill anything out. They did it over the phone. So I have medicare hosp. And my regular coverage for health ins which is payroll deducted because my wife isn't offered ins at her job. The negative is I have to pay part of my salary back to social security. The positive is I'm on a reduced work week and draw less salary but with social sec payment I come out ahead on $ even though I pay money back in.
I just want to enroll when I'm ready to enroll without having to pay life long penalties. I don't want the government to say, "Oh you missed your appointment. You'll have to pay extra $$$ for the rest of your life".
Im turning 65 in Feb 2024, I was told that if I didn’t enroll in medicate at least part A, then when I did decide to enroll, there would be a penalty, so I enrolled in part A only. Im covered by my employers health plan, an I have an HSA. This is the first time I have heard that you cannot have an HSA , how would they know, and what are the penalties?
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ALL LEGAL AMERICANS SHOULD HAVE THE SAME MEDICAL INSURANCE THAT MEMBERS OF CONGRESS HAS FOR THE REST OF THEIR LIVES
Caps Lock key (left side of keyboard) Press it once.
We should put that on the ballot
Salmos 146:3
Damned straight! 😡
*IF YOU ARE ELIGIBLE TO BE ELECTED TO CONGRESS, YOU DESERVE INSURANCE THE EQUIVALENT TO THAT COVERAGE*
Why does the government have to make things so damn confusing?
Just to rob u, legally.
Exactly
Salm 146:3
@@GilbertoBenitez708090
While you're explaining Psalms, explain why a dude sleeping with an engaged Jewish minor WITHOUT asking her fiancee's permission is "Christian."
Probably getting kick backs from the insurance companies
I'm 54 and my wife and I are VERY worried about our future, gas and food prices rising daily. We have had our savings dwindle with the cost of living into the stratosphere, and we are finding it impossible to replace them. We can get by, but can't seem to get ahead. My condolences to anyone retiring in this crisis, 30 years nonstop just for a crooked system to take all you worked for.
@Christina-Gisela That's actually quite impressive, I could use some Info on your FA, I am looking to make a change on my finances this year as well
@Christina-Gisela The crazy part is that those advisors are probably outperforming the market and raising good returns but some are charging fees over fees that drain your portfolio. Is this the case with yours too?
@Christina-Gisela I will give this a look, thanks a bunch for sharing.
@@Patricia-Margaret Alice Marie Coraggio her trading strategies is working for me for more than a year now and I’m making good profit from the stock market and she's 100% honest, reputable and trustworthy
This is sad. I feel your pain
Thanks USA for making taking care of your health so complex for the working class to poor working class. This gentleman is doing his best to help but this video reminds me of a community college business corse. God help anyone with a learning disability or a language barrier.
I thought Trump fixed all of that.
Rising prices have affected my intention of retiring at 62, working part-time, and building my savings. I'm worried about whether individuals who weathered the 2008 financial crisis found it less challenging than my current situation. The stock market's volatility, coupled with a reduced income, is making me anxious about having enough for retirement.
@oldcastleswan Mind if I ask you to recommend this particular coach you using their service?
I copied her whole name and pasted it into my browser; her website appeared immediately, and her qualifications are excellent; thank you for sharing.
Back in the 80s medical insurance was simple. I had blue cross that the company gave as a benefit. If I went to the Dr, dentist or eye doctor, I never paid for anything and didn't get any paperwork from the Dr or insurance company. Now, I get bills from Dr and the insurance company sends me something at least 3 times per week ( I called them to get them to stop sending me the useless information). And my eyes and teeth are part of my body and it SHOULD BE COVERED BY MEDICARE ❗️
Obama care killed the whole nation
isn't it funny THAT SICKNESS rose with the MANDATORY INSURANCE??? AS IF we couldn't have one without the other - and the PRICES ALL GOT OUT OF WHACK WHEN SICKNESS BECAME BUSINESS
S Canadian type SOCIAL medical system is another way for American citizens to stop the medical RAPE of the ordinary hard working retired citizens.
It was never simple for me. I was self employed for most of my life and rarely had any health ins, but we got by. Have had medicare now for 12 years and covered that with a medicare advantage no premium policy. Quite satisfied with that.
But I am now very disillusioned with health care. It is more sick care and very little about actual health
I'm 65 and will receive MEDICARE this year. I'm still working. Cannot afford to retire.
Ditto. 😭
Right there with you!
@@d.w.714 if still working you don’t have to sign up and pay part b. Part a is free. When stop working you can sign up for part b
Here too! No retirement
Same here!
OMG... Im so confused... Ill have to watch this 5 more times....... 😳 the fact your making this information available tells me Im not the only one....thanks for putting this information out there...
If you have any questions please, feel free to give us a call at 800-864-8890 or schedule a free appointment here:
www.medicareschool.com/talk-to-a-guide?rc
I think it is absolutely dishonest and horrible that people entering their last years of life with deminished memories and mindsets, who are not up to snuff with technologies and all the legalities of medicare are forced to navigate a system built to take advantage of them in their later years. It is heartbreaking.
Exactly what I was thinking
Not heartbreaking, it’s criminal.
That’s called capitalism, I am paying 500.00 dollars without Medicare part D and medical/ or supplemental plan. But if I take everything it be close to 1000.00 for first year. I don’t know how much I will pay next year.
Free market approach gives you choices. Happy shopping.
I'm a single, 43-year-old father who resides in Hamburg. If everything continues to go well for me, I intend to retire at age 50. I couldn't be happier right now than I am that I just bought my first house last month. I'm so happy that I made wise choices that altered my life forever.
Salutations, dude. At your age, you're doing extremely well. I'm 54 years old, and right now my finances are a mess. Any helpful advice would be greatly appreciated in helping to mold my life. I want to buy a home of my own.
It seems like I used the FIRE movement to manage my finances. Investigate it further by doing some research. With the help of a financial professional, they were then successful when investing in stocks, cryptocurrencies, and real estate.
I encountered Julie Anne Hoover through my wife, and I emailed her. She is guiding me. Since then, she has given me chances to buy and sell the stocks in which I'm interested in. You can hunt her up online if you require care supervision.
@@AbdoolLogodesign I greatly appreciate it. I'm fortunate to have come upon your message because investing greatly fascinates me. I'll look Julie up and send her a message. You've truly motivated me. God's blessings on you.
Sounds like a cheesy infomercial going on between you two, maybe I should call Julie too? I'd ask her if she promotes this kind of bs.
The thought of retirement makes me cry. My apologies to everyone who have retired and filing social security during this time after putting in all those years of work just to lose everything to a problem you weren't to blame for.it's especially difficult for people who are retired.
True, It has never been easier to understand how to build your money after retirement than it is right now with the inflation, when you may study and experience a completely variegated market passively by employing a successful portfolio-advisor. The impacts of the U.S. dollar's gain or fall on investments, in my opinion, are complex.
Even without expertise, hiring a financial planner is possible; as a project manager, my $850k retirement portfolio suffered a hit in April. A financial planner devised a defensive strategy, helping me recover and make over $250k since then.
@@ThomasChai05 My partner’s been considering going the same route, could you share more info please on the advisor that guides you.
I'm uncertain about mentioning this, but I suggest researching *Camille Alicia Garcia* ; she was prominent in 2020 and manages my portfolio, acting as both my coach and manager.
Thank you for this tip. It was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her résumé.
I am in my early 60s and retired at 53. Lots of people gave me pushback because they had difficulty grasping the concept of not working if you don’t have to. I looked at my life as stages. I earned everything I have now through a lot of hard work, but I owe it to myself to “stop and smell the roses” in my final stage of life. In my case I left the country after I retired and live in Latin America. It allowed me to get away from all the negative things happening in America while appreciating my new environment. I have yet to meet anyone who regrets retirement.
Nice way to retire. For me, I believe retirees who struggle to meet their basic needs are the ones who could not accumulate enough money during their active years to meet their needs. Retirement choices determine a lot of things. My wife and I both spent same number of years in the civil service, she invested through a wealth manager and myself through the 401k. We both still earning after our retirement.
This is true. I'm in my mid 50's now. My wife and I were following this same trajectory. Last two years, I pulled out my money and invested with her wealth manager. Not catching up with her profits over the years, but at least I earn more. I'm making money even before retiring, and my retirement fund has grown way more than it would have with just the 401(k). Haha.
It's unfortunate most people don't have such information. I don't really blame people who panic. Lack of information can be a big hurdle. I've been making more than a million dollars by just investing through an advisor, and I don't have to do much work. Doesn't matter if the economy is misbehaving; great wealth managers will always make returns.
I think this is something I should do, but I've been stalling for a long time now. I don't really know which firm to work with; I feel they are all the same but it seems you’ve got it all worked out with the firm you work with so i surely wouldn’t mind a recommendation.
I definitely share your sentiment about these firms. When I was starting out, I checked out a couple of freelance investors online, so you could do the same. I personally work with “Colleen Janie Towe”, and she's is widely recognized for her proficiency and expertise in the financial market. With a comprehensive knowledge of portfolio diversification, she is acknowledged as an authority in this field. Most likely, her deets can be found on the net, so you can confirm yourself.
It's criminal to force older people, many of whom may be affected by cognitive issues, to negotiate this convoluted labyrinth of choices. Many will be unable to process just what they need to do to serve their own best interests, simply because of the confusing morass that govt programs have become.
😅😊😊😊q
OK. Now I am just turning 65 and I have some things to add.
My wife was 71 when I had to retire to take care of her. When I did so, I lost my health insurance. I enrolled in COBRA and it was damned expensive. Had I known then what I know now, I may have chose differently. Both insurances together were 1600 a month, which is a horrible price to pay, but it was an approved plan so she slid onto part B with no problem. Here's the thing. She went to the hospital and the finance people were telling me that BCBS was the primary and Medicare was the secondary, this is just information. COBRA through your former employer is the secondary payer and Medicare is primary payer. Hope this helps when choosing what to do. It doesn't matter now. RIP Linda B. 07/16/23 I miss ya baby. Thanks for 45 years. It was worth everything we went through. ( I made a couple of edits because I made some mistakes on the post. Thanks to youtube for allowing me to edit. 😤
My team would be happy to assist you. Give us a call at 800-864-8890 or schedule an appointment at www.medicareschool.com
You must have been a great husband. Sorry for your loss.
Not really, I just did what a husband is supposed to do.
@@zebragiraffe1
If you have to work past 65 cause of money, then the Feds should not tax it like that did all your life. had you not been taxed all to hell your whole life, you might could retire at a normal age.
A married filing jointly can make a bit over 30,000 without owing.
And property tax too
@@amirkazemi2517 My state has "homestead exemption" for 65 and older. You can make up to 41,000 total filing joint and owe no property tax. Above that it is a sliding scale going downwards to about 60,000. My house is paid for and no property tax
@@johnsonpaul1914 which state
I live in Alabama
I’m carrying my wife and two adult children on my employer based healthcare insurance. I don’t have the freedom to switch to Medicare, though I’m age 66.
You are THE man sir, thank you for your detailed video. I have been having trouble understanding what to do if I keep working and your layout was beautiful. Thank you!
Want to thank you for all the information. Very informative. Sounds like double or triple Medicare dipping tax deductions. It’s crazy how Americans work, are told what to pay from our paychecks, and keep paying, and middle class get nothing back for working or paying. At 65 after working all your life Medical shouldn’t be so confusing, but carefree. I mean Free.
You're very welcome. Thank you for watching and your input.
We are paying for all the millions of non-citizens health care that they get for free.
What a fucked up country this is make a mistake because wrong info or you did not understand the system and you may take a dump,when you turn 65 everyone should get a medicare card no A or B bullchit this government is crazy
It used to be when it was ALL run by the government. Then the evil insurance industry took over.
100 BILLION FOR UKRAINE AND ISRAEL AND YOUR PAYING FOR HEALTH INSURANCE AFTER PAYING TAXES FOR 40 YEARS OR BETTER.
Absolutely the BEST video on RUclips of ANY Medicare advisor on this particular topic. I've spent hours trying to get this precise information, and you made it very clear. I called Social Security to confirm your comments...BINGO...you're exactly right! Thank you! I have now subscribed to your channel and will follow it for a long time, and also tell others about it! Awesome work!
Thank you for following
No. Not until you're no longer on the company insurance plan do you have to enroll in Medicare with that many employees.
Thanks for sharing.
Stop spreading wrong information.
One thing to consider is that many doctors don't take Medicare. I had very successful prolapse surgery and I'm fortunate that my husband is still working full-time at 72 and we have great insurance that covered it. My friend needed the same surgery and looked Into the same procedure but they don't take medicare. It is a fairly new procedure so not many doctors do this particular surgery yet.
If you’re on traditional Medicare with a supplement, 99% take those. It’s the HMO’s they’re having trouble with. Washington DC is meeting about the HMO’s in violation of their agreements. They’re declining coverage Medicare covers and squeezing payouts. The pre authorizations are time consuming. The medical community push back, they don’t want them. They’re not medicare and using that in the name of the plan is another problem. They’re affordable plans for seniors who can’t afford Medicare supplement premiums. Doctors offices are not allowed to complain to patients. I’m charging over and my doctors tell me that’s what we seniors paid for, it works well . We’ll see how it goes. I’m living in an area that has a huge medical presence. Several major hospitals each spending a billion each to expand and upgrade. I mention that because some seniors have to drive to another community for their care.
Love your commitment to helping others navigate Medicare.
Thank you for the feedback!
Notes 1. Group Plan compare to Medicare 9:36 2. Don't take A if on an HSA 3. 18:10 Retired to Medicare L564 and 40 B done 60 to 90 days prior to when you want coverage to start
Thanks for the insight.
Great information as usual. My scenario as a retired military veteran, who still works and is covered by a good group plan, is that in order to maintain my Tricare benefits through the Tricare for Life plan, I was required to take Medicare A&B when I reached 65.
I went to the social security office to sign up for medicare when I turned 65 and I was told if I was still working and had health insurance I didn't need do do anything!! When I did sign up later I would need to have some forms signed to prove I had insurance! FYI!
Correct, you can delay if covered by a large employer's Group insurance.
that's what he explained
@@sterlingmarshel6299thank you Mr know it all
My wife retired two years ago from a public school system. We have been covered on her HMO group plan for many years. I turn 65 in 2 months. The HMO required me to sign up for part A and B plus fill out an application for their “advantage” plan by a month before I turn 65 or they would drop me.
You have a 6 month Open Enrollment opportunity without any Health questions asked for Medicare Supplement Insurance to consider.
If you have any other questions, or need help getting your Medicare coverage set up correctly, give us a call to schedule an appointment: 800-864-8890 or schedule a free appointment here:
www.medicareschool.com/talk-to-a-guide?rc
I am still working & over 65. I am on my employers health plan. I enrolled in social security at my full retirement age. I requested not to enroll in Medicare at that time. Social Security would not let me opt out of part A. They said you are automatically enrolled when you enroll in Social Security. I had to stop the contributions that I made to my HSA and my employers contributions had to stop as well.
Wow! I did not realize my small group company meant I would be the 1st payer if I did not go on Medicare at 65. I did end up going to Traditional Medicare anyway because of your and other videos. So happy I did since it is much less that what I was paying previously and I no longer the restriction on providers having to be in certain medical groups.
Great, I'm glad it was helpful! What did you choose for your Supplement or Secondary?
If have any questions please, feel free to give us a call at 800-864-8890 or schedule a free appointment here:
www.medicareschool.com/talk-to-a-guide?rc
I didn’t either, didn’t know, I work for a big company. I have my company insurance-so what do I do????
ruclips.net/user/shorts1rLuNGVSKwI?feature=share4
If you have any questions please, feel free to give us a call at 800-864-8890 or schedule a free appointment here:
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This is an incredible stupidity. Write your representative to get this confusing mess changed.
71 year old Military Retiree with Tricare. When I approached 65, I was notified by Tricare that if I didn't enroll in Medicare A and B at 65, my Tricare would end permanently.
My wife is 64, and working she is enrolled in D.E.E.R.S, and is Tricare eligible, though not enrolled. Should she enroll in Tricare, and Medicare A and B at 65?
You don't teach much about Tricare.
HSA is definitely the thing to do. Employer several years ago gave me an option to go to a high deductible plan, then they would contribute to my HSA, so did it. Have also been maximizing it every year. Have a nice sum of money built up. Going to max it out until I retire. Well worth it if you have the option as long as you do not have any health issues.
Thanks for sharing.
As long as......'dont have health issues' Those odds decrease every day...as you will find. Every trip to an ER can entail costs far beyond that of the initial cause. Any 'accident' ...vehicle/work-related/simple misstep or slip and fall, can easily result in the elimination of those seemingly large HSA funds. Hospital systems are quite good at 'providing' care....at enormous costs. This country may be the only advanced economy where medical costs bankrupt people many times every day
But not for those with health issues, just as you said
@@dad45a well, would rather have my " seemingly large HSA funds" than what 90 % of what most people have saved for health cost. Which is nothing.
The insurance Nevada provides college faculty is HSA, and it sucks. As soon as I turned 65, I dropped it and went on Medicare. I chose Humana, and it's great.
Im so happy that the algorithm put this in my feed. I had no idea there was so much involved when making a decision to take Medicare or not. Thank you! New subscriber here
Great information! Thank you for explaining things so clearly.👍
Glad it was helpful!
there are a lot of us that do not have a "spouse".. things get confusing when you start segwaying off to spousal stuff when the basics sound relevant to a single person
Finally a film that explains my situation. I really enjoyed this. I'm relieved because I am doing everything right at the age of 66.
Glad it's helpful!
If you have any other questions, or need help getting your Medicare coverage set up correctly, give us a call to schedule an appointment: 800-864-8890 or schedule a free appointment here:
www.medicareschool.com/talk-to-a-guide?rc
Is it ever cheaper, when still working, to drop your employment healthcare, take Medicare A & B and pick up a secondary Medicare supplement coverage, and also a prescription coverage?
Yes it can be! ruclips.net/video/3VAK_St3QSw/видео.html
If you have any other questions, or need help getting your Medicare coverage set up correctly, give us a call to schedule an appointment: 800-864-8890 or schedule a free appointment here:
www.medicareschool.com/talk-to-a-guide?rc
This was an excellent video. Turning 65 this year, still working because I want to, and not collecting social security yet. My window will be from July 2023 to January 2024 if I decide to start. I love the "G" plan and I truly believe if someone can afford it then it is the route to go for peace of mind. I will just get a separate Dental, Vision, and Prescription Drug Plan to go with the "G" plan. The up front cost are more for sure but if something happens I have no huge bills on the back end. Just gotta research reputable companies in the 70364 zip code area. Great Job!
Thank you for watching. I'm glad it's helpful!
We can help you shop the top plans with rate stability in your area. If you have any other questions, or need help getting your Medicare coverage set up correctly, feel free to give us a call at 800-864-8890 or schedule a free appointment here:
www.medicareschool.com/talk-to-a-guide?rc
Do you realize how much money you’ve lost by not taking your money at 62?
@@kokolovitch56If he starts collecting it and does so for 12+ years then he'll break even.
That said. Given the decision to keep working just because he wants to keep working says that this isn't really about money. One way or another it seems he'll be able to afford his lifestyle.
@@kokolovitch56 duh because he plans on working a job he loves?
@@TheFirstRealChewy A person waiting to get full benefits could die or their health and quality of life could deteriorate.
This information is SO critical. TY for walking thru this. 63 now, but wife 60, plan to work, sadly, till 68, she is not working due to health. So, I will work until SHE gets Medicare at 65, a little over 4y from now.
Have a solid state job (in the state Health ACA no less), so will retire May 2028 at 68y old.
This is when SHE gets Medicare.
YOUR Information confirms our plan. Both on state job medical plan till I retire, THEN we got to Medicare after Wife's 65th birthday in May 2028.
TY again!
Sucks to work till then for me, working FT 44 years already in Tech,
I'm struggling in this market. Stocks that I have held for months and made profits from are not behaving the way I'm used to so I’m quite indecisive on how to tackle this market, any advice would be grateful.
@shawanderson2684 That sounds great and what signal do you invest with?
@shawanderson2684 That's awesome and please how do I connect with this broker lady?
@shawanderson2684 I'm currently on her webpage now, her reviews are very impressive and I left a message for her. thanks, a lot.
My wife is retired federal government with full medical coverage for both of both of us. She is 67, I'm 72 and we have been covered fully since she retired on a family plan. She wants to get Part B but I'm fine as is. If she gets part B what happens to my coverage? Remember if something happens to her before I die her medical coverage rolls to me.
My employer's insurance was abysmal. I dropped it and went on Medicare as soon as I could. I use Humana, and it's GREAT.
Glad to hear you are reaping the benefits of Medicare.
If you're working for a company with 20 or more employees and decide to go on Medicare, wouldn't your salary from the company contribute to the IRMA calculation? If so, that should factor into the decision whether to start Medicare.
It depends on the company, if they will cover your Medicare costs including IRMAA, then it could make sense.
When I turned 65 my working husband’s insurance was the better cost and coverage. In the new plan year the insurance company Aetna started harassing me to go on Medicare. They wouldn’t process a claim, instead sending it back to my doctor saying I may have other insurance. Imagine your doctor wants bloodwork before a visit, that’s 2 claims. I’d have to call the provider and Aetna asking them to process again. Aetna made it loud and clear they wanted me out and my husband and I didn’t want to bring his company into it. I wrestled with them until I could get the window around my birthday. I had a one month penalty and because my birthday was mid month another month delay. Horrible experience!!!
Wht didn't you talk about the penalty for not enrollong in Medicare untilyou are 67 or more?
Exactly. Around 20min in he talks about not taking Medicare if you're in a group or spouse is on ACA - What if just I am on ACA? What are the drawbacks / penalties if I don't sign up at 65?
there is no penalty if you or your spouse have health insurance coverage. and you work at a place with 20 + employees.
But if you don't...
Exactly answers my questions! Thanks so much.
Glad we can help!
This is such an awesome educational video, thank you for what you teach us, not only for the people who want to go on medicare but also me that I'm starting to offer medicare plans as a new health licensed agent. Thank you.
Thank you for watching
WELL I DO HAD WISH I SEEN THIS VIDEO FIRST, YES I AM NOW 69 YEARS OLD SO
TELL ME AS WHY I NOW GOT TO STILL WORK UNTIL I AM 71.
Were you planning to collect your SS benefits at your FRA or 70 years old?
If you are in full-time employment past 65 or past 70 and covered by your employer's healthcare insurance (more than 1,000 employees), do you still need to enroll in Medicare Part A or do you wait till you start SS at 70 (even if you are still in full-time employment, more than 1,000 employees)?
I enrolled in Part A three months past my 65th birthday because it's free in my case (and for most people who have worked a long time). I'm still working at a large multinational company until the end of 2023 (probably). I no longer have a HDHP and HSA because of the six month lookback period since you must stop contributing to your HSA six months before starting Part B. You can pay back the excess HSA contributions but it can be difficult depending on your employer (I checked with mine and they didn't know what to do).
You cannot contribute to an HSA account if you enroll in any Part of Medicare. If contributing to an HSA, don't enroll in Part A, as you will need to stop contributions.
If you need to opt out of Part A, you can complete & send CMS form 1763 to your Social Security office.
If you have any other questions, or need help getting your Medicare coverage set up correctly, feel free to give us a call at 800-864-8890 or schedule a free appointment here:
www.medicareschool.com/talk-to-a-guide?rc
Thank you! I have Medicare part A and am now 66 and I'm changing jobs as well as moving. Looks like I need to apply for part b post taste! Thank you thank you thank you!
If you need any assistance feel free to contact our office at 1-800-864-8890
I have watched so many of these videos now I’m scared to do anything!
I feel stuck!
Agree.This is all very confusing.
@@snave59 , I’ve asked questions that never get answered.
I have Tricare, that makes it even more confusing.
So as I said I’m stuck!
In order to keep Tri-Care for Life, you have to enroll in Medicare A & B when eligible.
There are Medicare plans that coordinate with Tri-Care for Life and in many areas they help reduce your Part B premium with monthly premium reductions and they are enriched with additional benefits at no cost to you. If you have any other questions, or need help getting your Medicare coverage set up correctly, give us a call to schedule an appointment: 800-864-8890 or schedule a free appointment here:
www.medicareschool.com/talk-to-a-guide?rc
ruclips.net/video/JJYauUj8MWU/видео.html
If you have questions, or need help getting your Medicare coverage set up correctly, give us a call to schedule an appointment: 800-864-8890 or schedule a free appointment here:
www.medicareschool.com/talk-to-a-guide?rc
He needs to make the distinction between A and B. People who are working at 65 don't need to get part B until they retire! Very important!
Some employers require that you pick up Part B. It's best to check with your HR department to know your options.
Question: My hubby retired at 63 and we were covered by his insurance until he turned 65, at which time he went on Medicare. We had no idea that his going on Medicare would discontinue ME being covered by his former employer's insurance. So I am currently uninsured and simply going the self-pay route until I turn 65 in April 2024. Is there anything I need to know beforehand?
You get a special election to purchase ACA Under 65 Marketplace health insurance on healthcare.gov when losing coverage. They're Open Enrollment starts again this November. We can assist you with that to cover the gap until you're Medicare eligible.
If you have any other questions, or need help getting your Medicare coverage set up correctly, feel free to give us a call at 800-864-8890 or schedule a free appointment here:
www.medicareschool.com/talk-to-a-guide?rc
Excellent info thank you!
Glad it was helpful!
Extremely helpful and informative
Thank you for the positive feedback.
Wow. Clear as mud
Thank you!
I've watched several other medicare video's and yours is the best.
Anyone else feel like they just watched "Who's on first"?
Yes...and then the remainder of my years left will be going to the hospital and placed on meds with horrible side effects and used like a lab rat...
@@lizjo7213
Exercise 6 days a week and watch what you eat.
Good advice from Dr. Berg and motivational doc channels.
Question: I work for a small company full time (< 19 employees) and upon turning 65, I inquired and was advised by our company HR personnel that I only needed to sign up for Part A and do not elect Part B but rather continue with the company BC/BS insurer for Medical. In fact, the SSA Application alllows by inquiring if the applicant is covered by a Group Plan (without regard to size). Three months later I had a major medical incident. While I'm am still navigating this nightmare, it seems after months of haggling between SSA, Medicare, and the Insurance Company the later is processing the Claims within the In Network / Out of Network out-of-pocket constraints.
I got bad advice from my company HR. I have a company sponsored health plan and did have an HSA. They said I should pick up Medicare Part A which meant I could no longer contribute to their HSA. Missed opportunity.
Excellent information. Thanks
As a member of a huge plan…UAW RETIREE… I’m receiving info from them that says if I don’t take Medicare they will stop paying for anything Medicare would have paid for had I opted to take it…Is this legal? Does my retiree plan have the right to stop being my first payer if I choose not to take Medicare?
I turned 65 in October of 23, so I’m approaching my 7th month in January of 24…
I’m trying to compare my insurance to Medicare. Premium $73/mo, Ded. $1500, Co-pay $45/65, Co-in 20%(in-net)/40%(out-net), out of pocket $6000(provider)/$12000(non-provider). Do you consider this insurance is good? Coming from a country with universal insurance, I’m not sure about it.
I’m thinking of getting Medicare because I need to get cataract surgeries done. With my insurance, the estimate is over $7000. Any insurances don’t pay for laser treatments, I understand. But physician/facility fees are over $4000 per eye. Wow!! Expensive. Thank you.
We're happy to review more comprehensive and better options. If you need help getting your Medicare coverage set up correctly, feel free to give us a call at 800-864-8890 or schedule a free appointment here:
www.medicareschool.com/talk-to-a-guide?rc
I like the way you both explain it to the end .Great teachers thanks. 19:26
Happy we can help!
I have a 215 insurance license (health, life, annuities. The Medicare supplement plans are the biggest racket I have ever seen. I left this industry because there is little truth to most insurance proposals. Invest the same money that you would pay for over priced supplement insurance plans and use it when you need it. You will essentially become self insured after a few years.
I have a great group plan costing me $30 a month and an HSA with a match. I have no intention of retiring so it sounds like I don't have to do anything. Thanks for the information!
Thank you for watching!
I turn 65 in April 2025, thinking of working till 65 and eight months. What's the best thing to do. My company has over 200 employees. Should I apply for both Medicare part a and b when I reach 65.
Wow this is explained as clear as mud.
Thank you for watching
Thank you forthe great info. I'll turn 65 in September. I want to stay working until 70, but tomorrow is not guaranteed. Therefore, taking a chance on staying healthy and employed I've decided to just sign up for Medicare alongside my current group health plan. If God forbid I lose my job tomorrow or suffer a illness where I can't return to work, I should still have medicare already in the works!
You would go on Medicare or keep the group insurance. We can help you review your options and compare to see which is more cost effective. ruclips.net/user/shorts1rLuNGVSKwI?feature=share4
If you need help getting your Medicare coverage set up correctly, feel free to give us a call at 800-864-8890 or schedule a free appointment here:
www.medicareschool.com/talk-to-a-guide?rc
Damn. That was good. I’m 70 now and still working. All this stuff confuses me. Where can I get help in navigating and optimizing my social security and Medicare while still working at my age.
Thanks,
Paul
If you have any other questions or need help setting up your Medicare coverage correctly, give us a call at 800-864-8890 or schedule an appointment at www.medicareschool.com
Calling you folks today. :) After watching hours of videos on this topic I'm still not exactly sure which way I'm going...keeping my wife's health insurance from her company, or dropping that coverage and signing up for Medicare
Ill be 66 in a few months. Started SS retirement at 62. I never stopped normal work hours.
Great info! Im 7 years away from 65, but it's good to know. As of now, i think im still going to work past 65 but who knows😊
That's great!
Something not covered
In 67, working, covering my 62 yr old wife. Cheaper to take Medicare for me but she’s not covered
I stayed on company healthcare
I was required to take Medicare part A which is free and secondary
Wow. Great information. Thank you. Just turned 64 in July. I’m a recent widow since February 2023. So much to think about.
Sorry for your lost. You're very welcome thank you for watching.
I’m past retirement age and have Aetna Medicare Premier PPO. I don’t have to worry about this.
Thank you for the info. I am coming up on these very decisions soon. I will turn 64 in November, 2023. My wife turns 65 in May of 2024. I work full time, she does not work, stays home to care for our special needs adult child. We are on my employer's group plan for insurance. There are 23 employees at our facility. I plan on working full time at least until my full SS age of 66 yrs, 10 months, so basically 3 more years. After that probably part time to suplement my income. Our plan costs almost $200 a week, which includes dental and LTD, and does have a 2K/4K deductable but includes an HRA benefit. It is a daunting and confusing process to know what and when to make the correct decision.
You're welcome! We can help review your options and di comparison of Medicare vs your employer coverage. If you have any other questions, or need help getting your Medicare coverage set up correctly, give us a call to schedule an appointment: 800-864-8890 or schedule a free appointment here:
www.medicareschool.com/talk-to-a-guide?rc
ruclips.net/video/3VAK_St3QSw/видео.html
My wife is on SSI and she is 68. Do we need a supplemental plan for her? I just signed up with an agent in Idaho to start my Medicare ANB I’ll be turning 65 in three months I want to be in the best group plan and he said I don’t sign up for the group plan until I get my card I’m nervous because I want to do the best for the family just my wife and myself what to do?
I’m single, 68 still working full time. My job group plan is primary, and Medicare A is secondary. I’m planning to retire at 70 and works part-time. Do I need to enroll part B and when? If not, will a supplemental like AARP is better than part B, please? Or they are totally different?
You will want to sign up for Part B and a supplement plan if you are looking to have no networks and be 100% covered. You will want to sign up before you retire so you have no gaps in coverage. We will be able to explain in detail your options and how to the process looks. Give our office a call, we're pleased to help 1-800-864-8890.
I'm turning 65 in Oct 2023, still working with no plan to retire yet. My employer has a great group plan with HSA. I went to SSA and they told me I have to enrol in Part A, so I did. From this video, I learned it's a mistake. How can I reverse the Part A enrolment? I only have a month till I turn 65.
Part A is Optional, not required, and not recommended if contributing to an HSA account with Employer Group Insurance. If you're covered by the large group insurance with hsa and want to keep it, you can opt out of Medicare Part A by completing CMS Form 1763 and sending it to your local Social Security office.
If you have any questions please, feel free to give us a call at 800-864-8890 or schedule a free appointment here:
www.medicareschool.com/talk-to-a-guide?rc
I am 88 years young and covered by the State of CA for A&B and Medi-Cal under Anthem. My question is how do I get C & D coverage?
We'll be happy to help you figure things out. Give us a call at 800-864-8890 or schedule an appointment at www.medicareschool.com
You put out great info! But I need a video about those with VA health coverage, which is my ONLY group plan. I will turn 65 on March 29, 2024 and need to decide action/direction to take.
My team would be happy to assist you with setting up your Medicare coverage correctly. Give us a call at 800-864-8890 or schedule an appointment at www.medicareschool.com
Thanks so much! I enjoy all your videos and have learned so much!
Happy we can help!
When I turn 65 I know already that I have to continue working nothing is cheap I have to pay high rent here Los Angeles Ca plus my other expenses
I'd love to have you do a version of this for military retirees to help us understand how TriCare for Life fits into these decisions, including A, B, and prescription drugs. Thanks...
As a 3rd generation medical professional, NEVER EVER EVER EVER GIVE UP YOUR TRICARE FOR LIFE OR YOU DESTROY YOUR HEALTH CARE FOR LIFE.
@@pattijesinoski1958 Thank you .. I don't intend to. I'm more interested in how TFL affects timing of decisions and/or cost effectiveness of supplemental plans in addition to TFL.
Thank you so much for sharing this information. It is a blessing for all of us . However , I do have one question ? Suppose you have a person who Continues to work between the ages of 65 -67 and does not choose to use Medicare ,but for some unforeseen reason they get laid off , have they missed all of their Medicare enrollment opportunities?
How would that work?
Assuming they work for a large company, of course
What if you DO have a gap in employer coverage?
It would depend on how long that was, you'd have a penalty based on how long it was. Give us a call we would be happy to go through and answer any questions you have. 1-800-864-8890.
Thank you so much for detangeling some of the mystery of Medicare! What a relief to get the facts - plain and simple...I've been losing sleep of this!
Glad it was helpful! If you have questions or need help setting up your Medicare coverage correctly, give us a call at 800-864-8890 or schedule an appointment at www.medicareschool.com
I'm 60 y/o now, hoping to work till 65-67 y/o. My wife and I have very good coverage. Will most like defer medicare till 67. Didn't realize that if you're collecting social security, you can decline part B if your spouse still works with great coverage and re-apply later. Thank you! SUBSCRIBED :)
You're welcome, thank you for watching.
But I can not delay taking part B if we have 19 employees or less?@@MedicareSchool
Great video…explains perfectly what I need to do.
Glad it helped
Thank you for your help with this Insurance complexity- I don’t want Part B - Is it too late to stop part B deduction in October ? I will start getting Ss in November
Average Employer, That Pays Decent, Are Companies With 200-300 Employees, and a " Tight Rope " To Keep and Hold These Jobs...Usually, A High-Profuctive Warehouse, " walking a tight Rope, is putting it mildly "...
Oh and I started getting my social security at age 62. Am covered by my husband's health plan for a big company. He turned 65 in january 2023 and will retire when I can get my health insurance through Medicare.
If he needs to retire sooner, you would have a special election period to get Marketplace health insurance (ACA) if you lose your coverage. If you have any other questions, or need help getting your Medicare coverage set up correctly, give us a call to schedule an appointment: 800-864-8890 or schedule a free appointment here:
www.medicareschool.com/talk-to-a-guide?rc
I retired at 50 yrs old...and I am 61 yrs old now (10/2023). I still have time to decide my medicare options, as I am presently trying to decide if I take Social Security, @ 62 or wait tell 67...?
Thats not to say that i haven't questioned medicare and the many-many opitions that await me when I hit 65!?!?
In Oregon when I go on Medicare, OHP. Oregon Health Plan, will continue to pay the premium’s, with zero deductibles ! It’s the absolute best insurance I’ve had in my lifetime. That and swimming two miles each day, and walking 6 miles are the best health insurance I’ve had.
I'm in the last group still working at 65. I have health ins through my employer for myself and my bride who is working and younger than me. Social security signed me up over the phone for part A and asked me if I wanted the other and I declined. So I never had to fill anything out. They did it over the phone. So I have medicare hosp. And my regular coverage for health ins which is payroll deducted because my wife isn't offered ins at her job. The negative is I have to pay part of my salary back to social security. The positive is I'm on a reduced work week and draw less salary but with social sec payment I come out ahead on $ even though I pay money back in.
We should have Universal Healthcare like Europe!
Very educational, will watch all coming vedios
Glad that we could help. If you ever need us you can reach us at 1-800-864-8890.
Where is the best place to find an medicare advisor?
I just want to enroll when I'm ready to enroll without having to pay life long penalties.
I don't want the government to say, "Oh you missed your appointment. You'll have to pay extra $$$ for the rest of your life".
Im turning 65 in Feb 2024, I was told that if I didn’t enroll in medicate at least part A, then when I did decide to enroll, there would be a penalty, so I enrolled in part A only. Im covered by my employers health plan, an I have an HSA. This is the first time I have heard that you cannot have an HSA , how would they know, and what are the penalties?
Very important information. You know your stuff.
Glad it was helpful!
Thank you!
Thank you for watching!