Skip to comments.Must I Sign Up for Medicare? (Vanity)
Posted on 08/14/2010 6:45:42 PM PDT by Thom Pain
Need help/advice. I'm about to turn 65 and am still employed in private sector full time (and hope to be for many years to come). Need to know if I have to enroll in Medicare now, or wait until I retire (someday). Can anyone steer me to good info?
Per my husband, who is REALLY old....I have no clue.
IF you’re going to, per said husband, do it prior to turning 65 if you’re going to use it. About 6 months prior to.
Free advice, worth....probably nothing. Ha!
I’m sorry not to be able to be helpful but I doubt your Senators or your congressman have a clue either. I doubt that it’s spelled out clearly in any of those 2,000+ pages of legislation.
Is your retirement age 66? if so, wait until them to collect the full amount.
I’ll be following this thread. I have a couple of years to go, and I don’t know what I’m supposed to do. I have private insurance now, but I don’t know if I’ll even have that as a choice when the magic 65 comes.
good questions. I have no idea..I thought SS automaticly signed you up????
The answer to your question is usually “yes”.
If you don’t sign up for medicare, the premiums will rise higher the longer you wait if you sign up later.
You’re not “required” to sign up, but its usually the wisest course of action.
As a general rule, barring health issues, it is best to begin as late as possible.
But under certain circumstances, it makes sense to start as soon as you're eligible for full benefits.
For me that was 65y2m, but I had to wait for 67y2m and got about 10% more starting benefits.
Call Medicare and ask. However, I will not go on Medicare until I have no choice.
By the tenor of your post, you act as if you DIDN’T want to be a part of the great socialist exchange that is there to BENEFIT you.
If you don’t do it when first offered you get penalized. You will pay more for it.
If you aren't yet 65, your "magic age" will never be 65.
Looks like the first thing you need to do, from the SS site, is to determine what is your earliest retirement age for full benefits. I suspect it will be 66+, depending on your date of birth.
There’s been a subtle change recently. In order to provide better benefits for government union members, retirees must sign-up immediately upon retiring and sign over all their possessions to the state, at which time the state will agree to allow them to live until such time as they need medical care.
Anyways a year ago i got into a severe dirt bike accident and had to be airlifted in a chopper to Beth Israel Hospital in Boston. The chopper ride alone cost 6 grand.
3 days in a coma, skull fractures, broken ribs, collarbone, reconstructive surgery on my wrist, internal bleeding etc.
When all said and done 3 MRI’s and 7 days later at one our most expensive hospitals and much physical therapy later i received ZERO bills, nothing at all about it in the mail, it's like it never happened.
I guess sometimes it pays to be poor.
I’m no expert but this is what I’ve been told by family members who signed up. It can benefit to sign up in case you lose your current insurance for any reason. It becomes secondary coverage even if you think you don’t need it. Also, premiums will go up if you wait, so it may be best if you sign up early and lock in lower rates. As far as I know, there is no law (now) that requires you to sign up at a specific age.
I know SS full retirement for my age group is 66; but I thought the Medicare age was 65 regardless of which year you were born.
Medicare and Medicaid are totally different. Medicaid is for the indigent. Medicare is for the elderly.
I hope to keep my company health plan, but I don't want to get snookered. I plan to defer collecting SSN until age 70. My retirement $$ are probably woefully inadequate for full retirement before age 98 (and then probably only if I promise to die by age 99)
Only thing I know is that I’m on SS disability and if I stay on SS, I will be eligible next year for Medicare (2 years from date of disability as determined by SS) — even though I’ll only be 58.
Oh yea i forgot.
I live in MA and under Romney care i was forced into haveing insurance or face a 2 grand fine.
Hence the Medicair.
Acually it was pretty fortunate that i signed up in retrospect, I’d be facing 10’s of thousands of dollars in bills right now.
Isn't Obamacare gonna be so much fun. Good luck to you.
One doc told me if i showed up without insurance i would of walked out with a cast on my wrist instead of the titanium plate with 10 screws holding it together.
dude, you rock
Glad you asked. I am dealing with that, too. Husband’s insurance person said I could stay on. Doc suggested I join the local hospital’s group (similar to Kaiser), and he could still be my doc. Then that group handles the Medicare for you, I understand.
I hate Obama and I do not want to have anything to do with Medicare. Not sure what to do either; meanwhile I am stubbornly holding out and ignoring the whole thing.
Nice to have this thread posted. AND Happy Birthday.
When we turned 65 our private insurance was canceled and we had to go on Medicare.
“For me that was 65y2m, but I had to wait for 67y2m and got about 10% more starting benefits.”
That’s Social Security and hasn’t got anything to do with Medicare.
If I were you, I would check to see if your current doctors accept medicare. Many are quietly opting out now.
Yea i know.
Especially the part where i was calling Medicaid medicair.
Too bad it didn’t come with free food stamps and section 8 housing.
Then i would really be living the dream.
Went through this with my wife who went on disability before age 65. Had to take Medicare Part A (hospilitzation) but didn’t have to take Part B. (normal doctors visits and tests) However, if you didn’t take Part B, our private medical insurance would not pay for the amount that Medicare would have paid. You should check with your private insurance company before refusing, it could cost you!!!
Prompted by other posters, if your GHP is terminated, you’ll need to file for part B to avoid penalty. You have to be both employed and covered to wait to file for part B.
Government what? Congrats. You are now, at best, a serf.
Ha..you got lucky....somewhere there is an illegal immigrant who stole your SS number with a big bill
I was referring to your accident and subsequent recovery
If the insurance you now have is employer paid, check with your employer to see if it will remain your primary insurance after 65. If you are paying for it yourself, check with the insurance company yourself.
If your present insurance will drop to that of a supplemental, absolutely sign up as soon as you get the notice.
If your insurance will remain as primary after you turn 65, you can wait to sign up for Medicare, but it will cost you a higher monthly premium for Medicare once you do sign up.
I have employer paid insurance, it is part of my retirement package. But once I turned 65 earlier this year, it dropped to a Medicare supplemental policy. I signed up for Medicare as my primary three months before I turned 65. My monthly Medicare premium is $110.
Last I read, it costs you 7% for every year over 65 if you later decide to sign up.
My husband is 10 yrs. older and so we had to carry ins. for me for 10 yrs and he didn’t sign up and now it would cost him 70% more per month and is out of the question for us.
Seems the people on welfare have it better off than the people who worked their whole life for insurance.
I an not a welfare guy, i got laid off and my COBRA screwed me.
Mitt Romney demanded i have coverage so hence the Medicaid.
It was only temporary but convenient considering....
I should have mentioned that I was referring to Medicare part B
I signed up for SS when I turned 62, several years ago. Began drawing benefits even though I am self-employed and work full-time. I just pay a little more tax every year but that’s okay for now. Reduction was not that great and I had been paying in for 46 years! Have private insurance but also signed up for Medicare. As long as someone who covers you is employed (spouse or yourself), their insurance will be primary and Medicare secondary. Have had great insurance for 15 years-big deductible but inexpensive. Advised last week that my premium will increase from $250/month to $870/month because they have to add in maternity, HIV/AIDS, mental health, unlimited chemo, etc. to comply with new mandated coverage which I chose not to have before. Can’t afford that so will be forced to have only Medicare. I signed up for Medicare when eligible because penalty was going to be too great if I postponed. Once you sign up you will get a huge book that doesn’t have answers either. Thank God I don’t take meds. Trying to figure out those options is an almost impossible task.
Find Medicare on the internet. It is simply Medicare.gov. It is fairly easy to sign up. You cannot at the moment choose a different plan other than Medicare Parts A & B. In the last part of the year, you can choose other options with other providers. THAT is where the challenge comes in. You can have insurance companies that provide other Medicare plans come talk to you, just as you are buying other insurance.
I signed up for Medicare when I turned 65. They began to take it out of my Social Security funds.
Get ready to starve to death.
The feds send you a card after you respond to which coverage you want which you present along with your regular insurance card.
Warning....you will be hounded to tears by insurance companies selling "gap" insurance and other types of coverage. I've found some of the reps are pretty rude and talk down to me like I'm old and senile or whatever.
Ping for later to read when I want to get to sleep and have insomnia...ha.
Thank god for Romneycare and the taxpayers!!! i woulda just blown off the insurance until my next job.
Wait, what am i saying? lol
You're correct. People are confusing Social Security, which increases if you wait until after age 62 with Medicare, which is age 65 for everyone. Part A is free; I think the other parts might go up in cost if you wait.
You're talking Social Security not Medicare, you can start SS at age 62 with reduced payments all the way out to age 70 with bonus payments added to your base rate. Medicare starts at age 65 period.
My advice, check with your employer's insurance carrier, they may automatically drop you when you turn 65 leaving you w/o health insurance coverage of any kind. Previous post suggested starting six months early, I don't think there is much you can do until you are down to about 90 days.
I retired early and my wife carried the insurance. When she retired they dropped her back from a family plan to single coverage and I paid a grand a month to bring it back up to a family plan. When I turned 65, they dropped me completely and I transitioned to Medicare w/ a supplemental policy to caulk the leaks. They would not carry me past 65. My wife is 63 and still covered by her former employer's health plan as part of her retirement benefits which will end at age 65. Hope this helps clarify things for you.
PS Maybe if you are a member of the UAW/CIO you might get lifetime coverage in you retirement package (or a congress critter, GS-15, or such like), but us peons get the one size fits all coverage. Even retired military get "Tri Care for Life" which is a slightly beefed up medicare.