An individual who reaches the age of 65 becomes eligible for Medicare. However, if at the time they become eligible for Medicare, they are working at a job that provides them with health insurance, they will not be subject to the 10% Medicare Part B late enrollment if they enroll in Medicare Part B later than age of 65, as long as they enroll within the eight months after they retire.
Without immediate action by Congress or the administration, a combination of economics and law may lead to Medicare Part B premiums rising as much as 52%. The author looks at some different ways the government could potentially prevent this from happening.
Legislation has been introduced in both the House and the Senate to prevent a potential 52% in Medicare Part B premiums.
Congress is considering a bill that would require postal retirees to enroll in Medicare Parts B and D or lose their Federal health insurance. Is this the future for all Federal retirees?
Starting in January, most retirees under the Civil Service Retirement System (CSRS), who also are enrolled in Medicare Part B, could see a 52% jump in their monthly Medicare premiums.
I retired four years ago and want to keep my current health plan. Will I be forced into Medicare or can I just keep my current plan?
What is the point of my converting to Medicare from my current BC/BS Standard Option (individual)?
The Postal Service wants to put all retirees under Medicare in order to save billions of dollars. When this is considered by Congress, look out for a similar change proposed for the remainder of the federal workforce.
House Budget Committee Chairman Paul Ryan (R-WI) has released the Committee’s 2014 budget blueprint for the federal government. As in past House budget proposals, there are some proposed measures that would affect the federal workforce.
Will the Bush era tax cuts be extended by Congress? Nobody knows, but regardless of what Congress does, the authors offer steps one can consider taking before year end to improve your personal finances.