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Lane
Lane, JD,CFP, MBA, CRPS
Category: Social Security
Satisfied Customers: 11546
Experience:  Law Degree, specialization in Tax Law and Corporate Law, CFP and MBA, Providing Financial, Social Security & Tax advice since 1986
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I will be turning 65 in the November 2016. I am still

Customer Question

I will be turning 65 in the November 2016. I am still working and will continue my Anthem health insurance. Do I need to apply for medicare or can I wait until I retire?
JA: These retirement benefits are supposed to help us but they can be so complicated! The Retirement Expert will help you get the most benefits propertly. Please tell me more, so we can help you best.
Customer: Our financial advisor has told us to keep my current health insurance because I am still working and not apply to medicare until retirement. I will be working for several more years.
JA: Is there anything else the Retirement Accountant should be aware of?
Customer: I don't think so
Submitted: 7 months ago.
Category: Social Security
Expert:  Lane replied 7 months ago.

Good morning. My name's Lane. I can help you with this.

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Most workers probably should enroll in Medicare Part A, which is free for most people and covers institutional care in hospitals and skilled nursing facilities, as well as certain care given by home health agencies and care provided in hospices.

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But ask your employer whether your current coverage will change in any way if you enroll in Medicare, even just Part A.

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The group plan used by your employer dictates whether Medicare or your group health will be your primary coverage, after age 65.

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Whether you should enroll in Part B while you are still working depends on whether your employer has more than 20 employees.

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If your employer has more than 20 employees, you don't need to sign up for Part B right away because your employer's group health plan will be the primary insurer.

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Then when you retire, you will have a special enrollment period of eight months to sign up for Part B, without penalty

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Please let me know if you have any questions at all, before rating me.

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And if you DON'T have other questions Your positive rating … (by using those the stars or faces on your screen, and then clicking “submit”) …would be appreciated!

Otherwise I receive no compensation for the work.

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Thank you,

Lane

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I hold a law degree, with concentration in Tax Law, Estate law & Corporate law, a Masters Degree, with specialization in financial accounting & tax, a BBA, and CFP & CRPS designations, as well - I’ve been providing financial, Social Security/Medicare, estate, corporate, non-profit, and tax advice, since 1986