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Why would your private health insurance require you take medicare when you turn 65?
Wiki User
∙ 12y ago
Because most of your medical care will be paid for by Medicare.
Wiki User
∙ 12y ago
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Do you have to take Medicare?
There is no legal requirement to sign up for Medicare. However, some private insurance plans impose penalties on Medicare-eligible persons who do not sign up.
Should I take Medicare part b?
Although this answer varies with the individual's health and financial resources, the answer is almost always, "yes." And, if you have private health insurance, your private carrier will almost surely require you to take Medicare Part B (SMIB).
Do you have to sign up for Medicare at age 65 if you are covered by a group health insurance?
As far as I know, Medicare does not require you to sign up. However, your group health insurance will almost certainly require you to do so.
What are three sources of financing for a health care organization?
Medicare, Medicaid and Private Insurance
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.
Why does umwa members half to use medicare when they have a health card?
I'm not familiar with UMWA health insurance, but most private carriers expect providers to bill Medicare first.
Does congress pay into Medicare?
Members of Congress pay FICA/Medicare. They also pay health insurance premiums at rates comparable to the private sector.
What companies offer health insurance for seniors?
Private health insurance companies generally avoid the elderly. If an elderly person currently does not have medical insurance, their best bet is to find a job that will grant group insurance regardless of their age, or to apply for Medicare.
Do the proposed health care bills require you to drop your private insurance after 5 years?
No, you can keep your insurance.
Do you have to register for medicare when you turn 65 even if you are still working?
Medicare does not require anyone to register at age 65 or any other time. However, your health insurance company might require you to register in order for Medicare to be your primary insurance.
Why are people forced to accept medicare when they already have good health insurance?
The current regulations require tat you have some sort of minimal health insurance, either through an employer, purchased on your own, or from the government (medicaid) if you qualify based on income and resources. If you already have health insurance from an employer or otherwise that is comparable to or better than medicare than you can keep it and do not need to apply for medicare.
How do Iget Medicare as your primary insurance?
You do not determine which of your insurance policies are primary in cases where you have multiple health insurance policies. The Federal government passed a law several years ago making Medicare secondary to any other health insurance that you have through an employer or retirement program. This transferred billions of dollars per year from the Medicare and Medicaid programs to private insurance companies all at one time.
