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What else can I help you with?
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.
Can you keep your Insurance if you retire with a medical retirement?
Most companys and situations such as yours that I have knowledge of the disabled retiree has been able to maintain their coverage (if under medicare age), for the cost or partial cost of the premium.
How can I maintain coverage with Cobra health insurance while transitioning between jobs?
To maintain coverage with Cobra health insurance while transitioning between jobs, you can continue paying the premiums directly to the insurance provider. This will ensure that you have continuous health insurance coverage during the job transition period.
Is it necessary to have Medicare if you already have veterans medical benefits?
Medicare is used by the VA to keep their own medical care expenses down. When a veteran eligible for medicare is under their care, the VA will bill Medicare to help ensure all veterans can be taken care of adequately. If you are eligible for medicare, apply to help the VA maintain high quality medical care for other vets.
Why do i pay FICA Med?
You pay FICA Medicare taxes to fund the Medicare program, which provides health insurance primarily for individuals aged 65 and older, as well as for some younger people with disabilities. This tax is part of the Federal Insurance Contributions Act (FICA) and is deducted from your paycheck. It ensures that you and your eligible family members have access to medical care when needed. Additionally, contributing to Medicare helps maintain the program's sustainability for future beneficiaries.
Is Medicare Part C the same as Medicare supplemental?
No it is not. Medicare Part C plans otherwise known as Medicare Advantage Plans are private insurers that maintain a contract with Medicare to provide Medical Coverage and/or Prescription Drug Coverage plus in some cases added benefits not usually covered by Medicare (like dental, vision, etc) Medicare Supplement plans which have been standardized into various benefit plans labeled from A-N work in conjuction with Original Medicare and provide supplement coverage for costs that are normally the responsibility of the beneficiary. For more information on Medicare Supplement plan types, go to the publication 'Choosing a Medigap Policy, page 9:
How can I put money into life insurance?
To put money into life insurance, you can purchase a life insurance policy from an insurance company and pay regular premiums to maintain the coverage.
What type of coverage does Cobra Insurance offer?
Cobra is the health insurance taken by an individual to replace his employer subsidized health insurance while shifting between two jobs, in order to maintain his status of continuous coverage.
Do the laws about car insurance North Carolina say I have to have insurance on my car?
In most states, including North Carolina, you still have to maintain some form of car insurance coverage. If the car is paid off you can drop your policy from full coverage to liability insurance.
What should I do for insurance between jobs?
When transitioning between jobs, consider options like COBRA coverage, short-term health insurance, or enrolling in a spouse's plan if available. It's important to maintain continuous coverage to avoid gaps in insurance.
How long can I maintain Cobra Insurance after I lose my job?
You can maintain Cobra Insurance for about 18 months. The stimulus package that passed last year also enables greatly reduced fees for continuing health insurance coverage under COBRA.
How do employees not on payroll get wsib?
Employees not on payroll, such as independent contractors or freelancers, can still access WSIB (Workplace Safety and Insurance Board) coverage by registering for coverage themselves. They must apply to WSIB and pay the necessary premiums to be eligible for benefits in case of work-related injuries or illnesses. It’s important for these workers to ensure they meet WSIB's criteria and maintain their coverage status to receive support when needed.
