Be Aware of the Medicare Part B Premium When Taking Social Security at Age 62
Enjoying your Social Security benefit prior to age 65 means less money to pay the Medicare Part B premiums – for the rest of your life.
Enjoying your Social Security benefit prior to age 65 means less money to pay the Medicare Part B premiums – for the rest of your life.
Current or retired federal employees under FEHB can get reimbursements for Medicare Part B premiums in some instances.
Even if you are on Medicare in retirement, you will need to budget accordingly for your health care costs.
Federal retirees who decide to work have a unique opportunity to use their FEHB coverage to help reduce their taxable income.
Postal reform legislation may impact the rest of the federal workforce by changing Medicare eligibility and increasing FEHB costs.
IRMAA is a potential added expense that can raise your Medicare Part B or Medicare Part D premiums in retirement.
As the author explains, the costs for Medicare Part B may end up being higher than federal retirees are expecting.
The author summarizes five common misconceptions federal employees frequently have about their retirement benefits.
How much will Medicare Part B premiums increase in 2021?
If you carry FEHB into retirement, should you also enroll in Medicare Part D?