Medicare

Does My Wife Need To Apply For Medicare?

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I'll be 66 Nov 2016. My wife will be 66 April 2017. I plan on working to age 70 and file for benefits at age 70. I am the major wage earner and my work insurance covers both of us. My wife is collecting disability benefits and is working part time. Two questions: What is the best strategy to maximize my social security and does my wife have to file medicare part B when she turns 66? I am thinking about the restricted application for my self, but I need more information.

Hi,

Can I Delay Applying For Part B Of Medicare Without A Penalty?

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Category: Medicare

Here is my situation:
> I will be retiring, at age 68, at the end of this month (if it matters, I turn 69 in early November)
> I receive my health insurance through my wife's employment, which is a large company (i.e., larger than 20 employees). My wife is 67 and plans to retire next March
> Last year I filed and suspended, and my wife took her spousal benefit (the MMSS software was extremely helpful, so thank you)
> I applied for Part A when I first became eligible

What Is The Penalty For Late Enrollment In Part B Of Medicare?

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My husband did not file for Medicare Part B when he was still working and had insurance with his employer. He quit his job and then I carried his health insurance through my employer until I was laid off. He did not file for Part B within that 8 month Special Enrollment period. What is the penalty for going more than a year after that Special Enrollment time frame? The % amount of the penalty is not stated in the Medicare Book(let) or on Medicare's website. Do you know what the penalty is per 12 month period(s)?

Hi,

Do Higher Medicare Premiums Revert Back?

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Medicare premium hold harmless rule: Will the higher premiums paid by to medicare by those delaying SS benefits to age 70, revert back to the lower premiums enjoyed by those that have the premiums deducted from their SS deposits? Or will I always be locked into the higher rates?

Scotty,
The lower premiums for those held harmless are only temporary, until COLAs catch up to the premium increase, so eventually everybody winds up paying the same premium.
Best,
Mike