Ask Larry

Is Filing And Suspending Advantageous In My Case?

Although the File and Suspend strategy has little application today, one time that it is useful is when you have an adult child with disabilities. My understanding is that there is a two-year waiting period to be eligible for Medicare. I've suspended benefits while waiting to reach age 70. When I do start receiving benefits, my child will be eligible for 50% of my benefit plus Medicare.

Hi,

Yes, I agree. Your child could potentially complete his or her 24 month qualifying period for Medicare eligibility while your benefits are suspended, even though no monthly benefits would be paid if you suspended your benefits after April 29 2016 (https://www.ssa.gov/planners/retire/suspendfaq.html).

Best, Jerry

Posted: 
May 11 2017 - 9:31am
MaxiFi software running on a laptop
Get What's Yours!
Discover tens of thousands in extra retirement dollars with Maximize My Social Security software!
  • Find your maximized strategy
  • Unlimited what-ifs
  • Step-by-Step filing instructions
  • Our software's lifetime-benefit increase for an illustrative couple earning $65K each and planning to take retirement benefits at 62.

    Results will differ based on your specific case and filing strategy.

Getting Started is Easy
Web-based software. Works on ALL browsers. No download.