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What else can I help you with?
Is it possible to pay a Medicare Late Enrollment Penalty in one payment?
No your monthly premiums will be adjusted for the additional penalty amount for enrolling late in the plan.
Is Medicare part b mandatory?
The short answer is no, but there is a chance that when you need it you will be hit with a late penalty for delaying enrollment. This late penalty is waived for anyone who is eligible for Medicare benefits (age 65 or over) and has credible insurance coverage, but again, if you do NOT have credible health insurance then you will face a penalty later in life.
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.
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.
Do you have to enroll in medicare when you turn 65 if i am covered on my wifes work insurance?
The law does not require enrollment in medicare. However, private insurance plans often contain a significant penalty for failing to do so.
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.
What is the penalty for doctors that don't accept Medicare?
There is no penalty; providers are not required to accept Medicare or Medicaid.
where can i get enrollment forms to apply for medicare?
Get them from the source http://www.medicare.gov/
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.
What is the penalty for contributing to a Health Savings Account (HSA) while on Medicare?
Contributing to a Health Savings Account (HSA) while on Medicare can result in a penalty, as Medicare beneficiaries are not allowed to contribute to an HSA.
Can you drop your medicare plan B and recover that monthly premium?
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 has the author James Lubitz written?
James Lubitz has written: 'Medicare enrollment data for health planners' -- subject(s): Medicare
