Where can I get info on how Medicare interacts with CSRS retirement with Federal Employee health insurance program ? Thanks.

Hi,

There may be better sources, but here is something I found with an internet search: https://www.opm.gov/healthcare-insurance/fastfacts/fehbmedicare.pdf.

Best, Jerry

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

Larry

2 basic questions
I am 72 and have been collecting SS since age 66.No Problem. I worked overseas for at least 25 years an fogot I had mone in the California State Teachers retirement fund now worth 90 k.
Can I withdraw this money without affecting my current SS benefits?

Hi Larry,

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,

Dear Larry,

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

I've run several scenarios using the "Maximize my Social Security" software. I turn 68 this month and currently plan to delay benefits until I reach 70. However, it appears Medicare Part B premiums will again be raised in 2017 for those of us delaying our SS. This adds another dimension to the analysis. It may be difficult to predict future premium increases, but surely this should be part of the analysis. Do you have a suggestion on how to incorporate Medicare Part B premium increases in Social Security plans.

I started taking full Social Security benefits at age 67 but also continued to work until age77 next year.
My Question: I've been getting monthly SS benefits that automatically take out Medicare Part B premiums of around $283.00/month. However, since I'm still working, my payroll also deducts $254.00/month for Medicare. I also now pay about $350/month for my retired wife's Medicare premium There is no compensation to me at the end of the year for this "Double-Dipping" of my premiums. What's wrong with this picture and what can I do about it? Thanks Larry for any info.