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What else can I help you with?
Can you contribute to a Health Savings Account (HSA) if you are on Medicare?
No, you cannot contribute to a Health Savings Account (HSA) if you are on Medicare.
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 have an FSA while enrolled in Medicare?
Yes, you can have a Flexible Spending Account (FSA) while enrolled in Medicare.
Can you have an Flexible spending account if you are on Medicare?
yes
What part of medicare medical savings account?
part A
Social security amd medicare are taking out of your income as taxes?
Yes. Social Security and Medicare are taken out of your income before you see your paycheck. Your employer also pays an additional Social Security and Medicare tax to your account.
Where do you find the medicare hib number?
The Medicare Health Insurance Beneficiary (HIB) number can be found on your Medicare card, which is issued by the Centers for Medicare & Medicaid Services (CMS). It is typically located directly under your name on the card and consists of a combination of letters and numbers. If you cannot locate your card, you can also find your HIB number by logging into your MyMedicare.gov account or by contacting the Social Security Administration.
What do the letters AO in front of your mmedicare number mean?
The letters "AO" in front of a Medicare number typically indicate that the individual is a dependent or a spouse of the primary Medicare cardholder. It signifies a relationship code in the Medicare system and helps distinguish between different beneficiaries under the same primary account.
Medicare funds are collected by?
social security adminisration
Ime 70 years old on medicare and your son deposited 14000 in your account and medicare cut off your benefits help you?
I think you mean Medicaid, because Medicare eligibility is not affected by income, bank accounts or other assets. Medicaid presumes that you have access to any and all money in any account with your name on it. You/your son would need to prove that it's his money - and provide a very good reason why it's in an account with your name on it.
Can you pay for Medicare Insurance through an FSA?
Yes, you can pay your Medicare Part B or Part D premiums using funds from your Flexible Spending Account (FSA). If you have an FSA, you must also have an employer-based plan. So Medicare Part B and Part D might be unnecessary, since your employer plan probably already covers hospital services and prescription drugs. Nevertheless, you can pay for your Medicare coverage with FSA funds.
What does the letter w at the end of medicare suffix mean?
The letter 'W' at the end of a Medicare suffix typically indicates that the individual is a widow/widower of the deceased primary account holder who earned Social Security benefits.
