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Honored Contributor
Posts: 30,263
Registered: ‎08-19-2010

Re: Medicare B Question

[ Edited ]

@bluehost wrote:

You DONOT have to have Part D, drug plan. It is NOT mandatory My suggestion, get accurate information & call medicare: 1-800-633-4227)


not what I was told by my Supplement insurance man. He said Gov don't give a rat's patooey if you have a supplement or not because they're just paying 80%, but, for some reason they penalize you later on down the line if you don't choose a drug plan  when you decide you want it and didn't take it when your could had back at 65.

why they care if you have drug coverage or not I don't know .I just took the cheapest one right now but I have one on record for the Gov to see. If you don't take one, then, whine later on and try to get on a drug plan when your older they put it to you.

Yeah, sure , it's not mandatory but it will cost you plenty in future..

 

Check it out with Medicare Specialists that serve Seniors.

Respected Contributor
Posts: 2,756
Registered: ‎03-10-2010

@cuddlesmama

 

Please do not rely on answers to your questions that you get here. Everyone's circumstances are different. If you are working you probably have an HR specialist who can answer your questions. And I have found the SS office to be very helpful. You can even make an appointment to see them in person so that they can go over everything with you.

Honored Contributor
Posts: 10,536
Registered: ‎09-22-2010

Medicare A pays inpatient and Medicare B pays outpatient.  My employers had me sign up for Medicare A when I was eligble.  I did not sign up for Medicare B until I retired.  

Esteemed Contributor
Posts: 7,084
Registered: ‎08-19-2014

Re: Medicare B Question

[ Edited ]

  If you’re still working past age 65 & are on your employers medical plan you can sign up for  medicare without penalty when you retire.You just have to do it with in 8 months for Part B & 3 months for the drug plan which is Part D.

  You will also need a letter from your employer that you were receiving credible drug & medical coverage.This will shield you from the penalty.In other words your premium will be the same as other people your age who signed up for Parts B & D at 65.

Super Contributor
Posts: 335
Registered: ‎07-11-2012

I work in the health care field and signing up for Medicare was so confusing. I ended up using a broker who was very helpful and I got my supplement through him at no charge. I am sure the insurance company pays him

 

You can also call Medicare and they will help you. If you go online there is a button to push and they will call you back

 

If you are employed and using your employer's insurance you do not need a supplement. When you no longer have that insurance, you will however, need a letter from them saying you were continuously covered. If not, you pay a penalty. 

 

I have considered opening a business to help people sign up for Medicare and SS as it is sooooo confusing. 

 

Esteemed Contributor
Posts: 6,414
Registered: ‎10-21-2010

Your best option is to find a insurance agent in your area that is licesned for all the medicare plans in your area. They willl not charge you anything and can walk you through thr process.

Honored Contributor
Posts: 9,833
Registered: ‎03-09-2010

@Azsunshine..maybe you can answer my question...back story....I am 63 and currently do not have traditional health insurance...I have Medi-Share (a sharing community....I pay my share each month, have a deductible) but it is NOT traditional insurance.  My traditional plan went to $1000.00 a month and we just could not pay that every month.  I am very healthy so this type of 'policy' worked for me.

 

Fast forward to some reading I have done, which prompts my quesion....when I get ready for medicare am I going to be penalized for not having a traditional insurance policy?  I did pose this to the Medi Share 'people' and I am not sure they understood my question...but they said no penalty, but I am still concerned.  Does my question make sense to you and if not who would I contact to get a correct answer?  Thanks so much.

Respected Contributor
Posts: 4,648
Registered: ‎09-12-2010

I retired at age 66 and did not sign up for Medicare and a Supplemental Plan with United Health Care until retirement (I stayed on the medical plan that my employer had until retirement). A supplemental plan is mostly for prescription drugs. The insurance companies contract with Medicare and handle all claims for prescriptions, doctor visits, etc. I have never submitted a claim - that is done by Walgreen's and my doctor's office. The cost for coverage is the same (for me) for both Medicare and the Supplemental Plan as it would be for just Medicare. I would go to your social security office and talk to them with your questions, or call any of the medicare phone lines provided by the insurance companies that participate, e.g., United Health Care, Humana, etc.

Trusted Contributor
Posts: 1,136
Registered: ‎06-25-2018

be sure that you sign up for part b because ifyou lose your insurance and then try to get part b, it will very costly.  you will pay a penalty of 1 1/2% for each month that you delay after 65..

 

my neighbor did this and when she lost her employer insurance, it was a very high price to get part b.  i think she waited for 4 years and it was  1 1/2 % increase compounded monthly.

Respected Contributor
Posts: 4,354
Registered: ‎03-09-2010

@sharkky wrote:

I have Mutual  of Omaha  Plan F Medicare supplement.

That one will only be available till 2020 then it's being phased out.

 

Mutual  of Omaha Plan G Medicare supplement is a tad cheaper,  but, they do not pay your 183 Medicare Part B deductible. Yes, they pick up 20% that Medicare Part B doesn't.   We have yet to pay anything .

 

I heard the Medicare Part B premium in 2019 will be going up to 135 a month. Not bad increase, though. We used to pay 1,000 a month for our  joint private insurance, so, we're pretty happy campers right now.


@sharkky   Keep an eye on your planF when 2020 comes.

 

Since the plan will be closed to new enrollees in 2020, those grandfathered in will be paying much more in premiums due to the closed enrollment.