Offered by: Lisa Asmussen – Integrity Insurance LLC
If you are continuing to work and will have employer health coverage beyond age 65, would you like to know the process to enroll in the Medicare Part A coverage you may have earned? Additionally, since Part B requires payment of a monthly premium you will NOT be automatically enrolled unless you are already or simultaneously beginning Social Security.
Plus, some individuals may be subject to higher premiums based on Income Related Monthly Adjustment Amounts(IRMAA) from income reported two years prior, it is advisable to understand how an income windfall, from, for example a sale of a property may affect your Medicare premiums significantly. Likewise, Medicaid can affect your Part B obligation for premiums and penalties. Since many people consider delaying receipt of Social Security beyond age 65, having a plan to pay the premiums makes sense as you begin Part B.
Just an hour or two invested to understand Medicare and the unique considerations that it poses under your circumstances can put you at ease. It can be worrisome and stressful to tackle the unknown, but knowledge is power in the realm of Medicare. Why muddle through on your own? Be proactive, reach out for a one on one opportunity to learn about Medicare choices! Claim a free copy of Medicare Made Clear, an easy to read guide to key considerations. Ideally if you will soon age into Medicare, this conversation should start about the time a person turns 64 ½, allowing plenty of time to act on your knowledge.