Last month we talked about penalties associated with Medicare. This month we are
discussing reasons for delaying Medicare.
You may delay Medicare because: you are still working and have group cover
age with your employer, a union group, or coverage based on your spouse’s current
employment; you are currently contributing to a Health Savings Account, have a
HDHP plan through your employer or union and are actively working; you do not
qualify for premium-free Part A; you utilize VA for all health services; if you decide to
enroll in Part B later, you may be charged a penalty.
Delaying Part A:
If you are already receiving this benefit from Social Security or the Railroad
Retirement Board, there is no way to delay the coverage.
If you are not yet receiving Part A benefits then you may delay them by not sign
ing up for them.
Delaying Part B:
There are many ways to delay your Part B coverage, depending on your SSI/RRB
status and, as you get closer to age 65, the opportunities will change. You should
receive your Medicare card at least four months before you turn 65. Follow the
instructions that come with the card to decline the Part B coverage and send back the
card or contact Social Security at 800-772-1213.
ACA aka/ Obamacare
The Special Election Period that allows you to join or change plans is available
until August 15, 2021. If you want to know if you qualify, call, text or email us.
If you would like to meet with us to discuss either Medicare or ACA Health
Insurance, please call, text, or email. We will hold a meeting in Barefoot Bay.
As always, we are here to help you find plans that meet your needs. Please call if
you have any questions!
Lynn Welch Nan Thornton