Tuesday, November 24, 2020

NEWSPAPER PUBLISHED WEEKLY ON WEDNESDAY - WEBSITE UPDATED THURSDAY

Ask Toni: Need my Medicare to begin Feb. 1, what are my Medicare options?

Hello Toni,
I have collected your articles on Medicare for years from the newspaper and finally bought your book and workbook. As I am approaching 65, I read the Medicare Survival Guide® completely and found it to be an incredible resource. I have a question on my enrollment timing.
I will turn 65 in late September 2018. I plan on working 4 extra months after September through January 2019 to help with the transition of my job responsibilities. I am planning to enroll in Pt A and Pt B during the IEP and not delay Part B.
I understand that I will be paying for Part B when I don’t need it because I am still working with group health coverage.
I wanted to make sure that:
1) I am enrolled in Medicare Part B before my 7-month Initial Enrollment Period nds on 12/31/2018
2) Begin a Medigap policy on Feb 1 which is my first day of retirement without health coverage and want to start my Medicare Supplement.
Bill from Houston, TX

Bill:
Let me recap your timeline. You are turning 65 this September and will retire from your company; ending your employer health plan effective February 1 when you want to start your Medicare Supplement.
Bill, you have 2 options to consider having your Medicare Parts A and B with a Medicare Supplement and standalone Medicare Part D begin with a February 1, 2019 effective date.
1) Enroll in Medicare Parts A and B 3 months before September, the month of September when you are turning 65 or October (1 month after turning 65) to have your Medicare Part B, Medicare Supplement and Part D prescription drug plan or a Medicare Advantage plan begin by February 1, 2019. (view Medicare Effective Date Schedule chart on page 5 of the Medicare Survival Guide® Advanced edition which explains Medicare enrollment times) Bill, your Medicare Part B premium will begin the month your Part B starts which could be September, October, November, December or January, even though you are covered by a group health plan and will not use Medicare.
2) You can wait to enroll in Medicare Parts A and B when you are retiring in January which will be 1 month after your 7-month IEP enrollment period. Now you will want a SEP (Special Enrollment Period) taking the Request for Employment Information form OMB No. 0938-0787 to the HR department of the employer or employers in January 1 month before you are retiring from since turning 65 and taking the form to the closest Social Security office for processing. Your Medicare to begin February 1,2019 and you can enroll in a Medicare Supplement with a stand-alone Part D prescription drug plan or a Medicare Advantage plan.
As you can see, Bill option #1 is a good option with your Medicare beginning before February 1, 2019, but you may be paying for Part B for a few months, even though you will not be using Medicare yet.
Option #2 is also a good option with your Medicare Parts A and B beginning on February 1, 2019 and you not paying Medicare Part B premiums in advance when on employers group health plan.
These options are discussed in the Medicare Survival Guide® Advanced edition or www.ABBS4U.com.
Coming in August …Confused about Medicare Webinars and to register visit www.tonisays.com and click on the Webinar tab. Watch a Toni Says® Confused about Medicare workshops in the comfort of your own home or office setting.
— Toni King, author of the new Medicare Survival Guide® offers a Toni Says® Medicare column readers discount available at tonisays.com. Email Medicare/long term care questions to info@tonisays.com or call 832/519-TONI (8664).

Avatar
Submissions
The Williams Pioneer Review has a small staff of one, covering all of Colusa County; but we’re proud to have the assistance of a large army of community contributors to extend our range and reach. This is one of those stories. If you have a story you would like to share, please email them to: news@colusacountynews.com or give us a call.

More News

Colusa tree dedicated to longtime Colusa Tree Commissioner

Family and friends of the late Charles Whitcome Tuttle gathered in Will S. Green Park on Sunday as Colusa officials dedicated a tree in...

Thanksgiving Day meal scaled back, but not cancelled

COVID-19 will not put a damper on all Thanksgiving traditions this year. A Hand Up, an organization made up of five local churches, has planned...

Governor tightens Colusa County coronavirus restrictions

After just a few weeks in California’s color-coded less restrictive orange tier, Colusa County went back to red and could soon head to purple...

Sponsors sought for Angel Tree

The Colusa County Advocates for Parents and Children (CAPC) is looking for sponsors to select names from its Angel Tree. The organization says the...

CAPC accepting donations for toy drive

The Colusa County Community Advocates for Parents and Children (CAPC), the Family Resource Centers of Colusa County (FRC), and the California Highway Patrol (CHP),...

Local Government

Colusa issues second round of coronavirus relief funds

Colusa County began issuing checks to local businesses last week in a second round of providing coronavirus relief funding. The program is part of Colusa...

Colusa fills economic development, tourism director position

The Colusa City Council voted unanimously on Nov. 4 to keep the city’s contracted economic development strategist on as a full-time employee. Kristy Levings, principal...

Colusa Planning Commission approves cannabis packaging business

The Colusa Planning Commission is asking for “more teeth” in the city’s development agreements with cannabis companies. Commissioners approved an agreement on Nov. 10 to...

Public & Legal Notices

Colusa County Board of Supervisors – Notice of Vacancies

COLUSA COUNTY BOARD OF SUPERVISORS NOTICE OF VACANCIES Notice is hereby given that the Colusa County Board of Supervisors is soliciting applications to fill vacancies for...

City of Colusa – Request for Proposals

CITY OF COLUSA REQUEST FOR PROPOSALS NOTICE IS HEREBY GIVEN that the City of Colusa is opening the Request For Proposals (RFP) period for Community Development...

FBN – Black Dog Trucking

FICTITIOUS BUSINESS NAME STATEMENT FILE NO. 2020-0000102 Date filed: November 5, 2020 The following persons are doing business as: BLACK DOG TRUCKING Business Address: 694 VENICE AVENUE, WILLIAMS CA...

FBN – Brennan, Jewett and Associates

FICTITIOUS BUSINESS NAME STATEMENT FILE NO. 2020-0000100 Date filed: October 29, 2020 The following persons are doing business as: BRENNAN, JEWETT AND ASSOCIATES BUSINESS ADDRESS: 642 5TH STREET, SUITE...

City of Colusa Planning Commission – Notice of Public Hearing

COUNTY OF COLUSA PLANNING COMMISSION NOTICE OF PUBLIC HEARING AND NOTICE OF INTENT TO ADOPT A MITIGATED NEGATIVE DECLARATION NOTICE IS HEREBY GIVEN THAT the Colusa County...

Latest Headlines