Ask Larry

Should I Apply For Part A Of Medicare?

Dear Larry,

I am wondering if I should apply for Medicare Part A. I am 64, turning 65 in February 2018. I am still employed by a Fed Government agency and have FEHB, and contribute to a Flexible Spending Account (FSA). I would like to continue contributing in 2018 even if I enroll in Medicare Part A, to take advantage of the tax savings. Will I still be eligible for a tax saving? Since Part A only covers in-patient expenses, I will still incur deductibles and co-pays for doctor visits & prescription drugs, and can use the FSA to pay for these costs.

Your Thoughts, please.

Best Regards

Hi,

I'm sorry, but I'm not an expert on either Medicare nor income tax rules, so I'm unable to answer your question.

Best, Jerry

Category: 
Posted: 
Nov 8 2017 - 10:43am
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