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Once you drop Medicare Part B, you cannot recover the premiums you paid during the time you were enrolled. However, if you decide to re-enroll in Part B later, you may face a late enrollment penalty, resulting in higher monthly premiums. It's important to consider your healthcare needs and the implications of dropping Part B before making a decision. Always consult with a Medicare representative or a healthcare advisor for personalized guidance.
What else can I help you with?
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.
Can you explain the main idea of the medicare part d formulary?
You can get prescription drug coverage (or Medicare Part D) through Medicare ... If, at any point, you drop Medicare Part D and have a break in coverage, restrictions will apply.
Do all insurance companies drop you at age sixty five because of medicare coverage?
No. But Medicare is certainly cheaper than commercial insurance.
Can you buy Medicare supplemental insurance if you have Medicare carve out coverage?
Please explain your question more thoroughly if my answer does not suffice. I am unsure of what you mean by Medicare Carve Out Coverage. You can buy a Medicare Supplement at any time once you have received your Medicare Part A and Part B. If you do not enroll within 6 months of your Part B effective date you would be subject to underwriting. You can not join a Medicare Supplement if you already have a Medicare Advantage Plan as this is not allowed by Centers for Medicare. You would be required to drop your Medicare Advantage Plan prior to the Medicare Supplement effective date. If you had coverage through an employer, you would not need Medicare Supplement coverage as your employer coverage would be primary and then Medicare would be secondary for your out-of-pocket costs covered by Medicare.
How much do Medicare plans cost?
The easiest option would be to look at Medicare.gov website and under the heading of 'your medicare costs' you will find a list of prices as well as drop-down menus to more detailed information on each plan.
Can a insurance company charge a change in policy fee every time you add or drop a vehicle?
If you change vehicles on your policy it will create a difference in insurance premium. You will receive a bill or a refund for the difference in the premium. There is no policy fee just the premium change.
Can my insurance company drop my insurance in the middle of a claim?
Generally no. Please provide more details. Are you paying the premium?
Can foot drop be cured?
Foot drop is caused because there is disruption in signalling of the nerve to the muscle. The muscle that brings the foot up fails and so the foot drops The nerve can be temporarily injured = neuropraxia and therefore will recover. More extensive injuries to the nerve may or may not recover. A complete transection of the nerve is unlikely to recover without surgery So it depends on the cause and how extensive the injury to the nerve is
Can you drop your spouse from your health insurance once the spouse is eligible for medicare?
A person can certainly choose to drop a spouse from their coverage with one exception. If the employer is paying 100% for the employee and spouse then the employee can not opt out of coverage since it costs them nothing. You may be required to show that the spouse has alternate coverage. Check with your HR department or benefits coordinator.
Is there a penalty for not taking medicare B if covered under wife's insurance and is primary?
No, you are not subject the the late enrollment penalty if you were covered by an insurance plan or your spouse's insurance plan at the time you were eligible. Make sure you receive a copy of your creditable coverage letter once you plan to enroll in Medicare Part B, so you can prove you were covered. For more information on the time frames for enrolling in Part B should you lose or drop coverage, see the link below on the Medicare website to the Medicare & You Handbook, page 21.
Can you drop your son from your insurance if he gets convicted of DUI he does not have a car?
You can drop anyone that is listed as a driver on a car you own and pay for insurance on for any reason. Depending on your insurance company this may avoid them raising the premium on that car due to his DUI.
Will the monthly rate drop if a principle payment is made?
Yes it will or the number of payments will get reduced. Its always a good idea to pay of the principal payment as quickly as you can
