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What else can I help you with?
What is the penalty for not enrolling in Medicare when you have an HSA?
The penalty for not enrolling in Medicare when you have an HSA is that you may have to pay a higher premium for Medicare Part B and Part D when you do enroll later on.
To enroll in part d medicare do you previously need part a and b?
yes we need part A & part B
Who is not eligible to enroll in a standalone part d plan?
Anyone who does not have Medicare Part A and/or Part B cannot enroll in a standalone Part d plan. or; If you have enrolled in a Medicare Advantage Plan, other than a PFFS plan you cannot enroll in a stand alone part d plan. or; If you are outside the enrollment periods of November 15th - December 31st of each year you cannot enroll without a special election period.
Should you enroll in Medicare Part B when you are still working and covered by employer health insurance?
Yes, because there will probably be a penalty for late enrollment, and your employer's health insurance will probably require you to enroll in Medicare.
How often do you pay for your Medicare?
During your working life, you pay Medicare tax out of your paycheck. That tax pays for your Medicare Part A (hospitalization). When you turn 65 and enroll in Medicare, you can choose to enroll in Part B (medical/doctor's office). The premium for Part B for 2009 is $96.40 per month (if you make less than $85,000.00 per year) which is automatically deducted from your Social Security check.
What is Medicare Modernization act?
The Medicare Modernization Act of 2003 (MMA) provided for a special enrollment period for Medicare Part B for TRICARE beneficiaries who have Medicare Part A. If you have Medicare Part A (which generally pays for hospital care) and don't have Medicare Part B (which generally pays for doctor visits) you may be able to enroll in Part B without paying a late enrollment penalty.
Will you lose your Medicare and supplemental insurance if you do not enroll in the Medicare Advantage plan?
No, you will not lose your Medicare and supplemental insurance if you do not enroll in a Medicare Advantage plan. You can choose to stay with Original Medicare (Part A and Part B) and maintain your supplemental insurance (Medigap). However, if you opt for a Medicare Advantage plan, you generally cannot have both at the same time. It's important to review your options and coverage to ensure you make the best choice for your healthcare needs.
Why is Medicare taken from your paycheck?
During your working life, you pay Medicare tax out of your paycheck. That tax pays for your Medicare Part A (hospitalization). When you turn 65 and enroll in Medicare, you can choose to enroll in Part B (medical/doctor's office). The premium for Part B for 2009 is $96.40 per month (if you make less than $85,000.00 per year) which is automatically deducted from your Social Security check.
As part of the Medicare Patient Bill of Rights Medicare patients have the right to be treated fairly with courtesy and?
As part of the Medicare Patient Bill of Rights, Medicare patients have the right to be treated fairly with courtesy and ________________________
How do you enroll in Medicare?
If you begin taking Social Security at age 62 you will automatically be enrolled in Medicare Part A and Part B when you turn 65 if you are eligible. Otherwise, you should contact 1-800-MEDICARE to confirm you desire to start your benefits at age 65 or later, depending on your circumstances.
If you have another health plan do you still have to pay for medicare part b?
Usually your private plan will expect you to enroll in SMIB.
Does an employee with existing group health insurance have to enroll into Medicare at age 65 buy a supplemental plan then drop the group health insurance?
You have a choice to stay in your employer's plan or join Medicare. When you do stop working and lose your group health plan, make sure you enroll in Medicare within 8 months. You could also enroll in Medicare Part A (hospital coverage), and postpone enrolling in Part B (physician coverage) until you are done with your group health plan. Part A does not cost you a monthly premium. You would be over-insured, but the Part A benefit is available to you at age 65, whether you have other coverage or not.
