• Question
  • MEDICARE PART B

    Asked on 4/9/2008

    I've retired 2/29/08 and need a confirmation from my former employeer of my retirement date. Does Social Security need to have me fill out a form that is used for this purpose? Can they access my file and find out this information themselves? Am I allowed eight months grace from my retirement date before I loose my chance of applying for Part B?

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  • Categories: Medicare, Health Care and Health Insurance

Answers

  • NewRetirement User

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  • If you have paid into Medicare and Social Security for, what I believe is 40 quarters, thru payroll taxes then you will automatically be enrolled in Medicare when you turn 65. You should receive something in the mail from them 3 month prior to your birthday... you have to "opt out" of part B, otherwise the premium for part b, @ $100 monthly, will be deducted from your Social Security check.

    When do you turn 65?

  • Login to rate this answer:   Answered on 4/9/2008
  • NewRetirement User

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  • The Medicare Part B Cost of Living Adjustment is designed to change every year with the expected change in healthcare and consumer prices. The doctor services you get while you are in a hospital may be filed under Part B. Some issues that are left in Medicare part A can be covered in Part B Medicare Part B also provide travel coverage to their members in some special cases upto some limitation the details of which will provide at the time of enrollment.

  • Login to rate this answer:   Answered on 4/5/2010
**All above answers are provided as general information only. No warranty is made regarding the fitness or accuracy of the information provided in this answer. You should seek advice from a licensed CPA, attorney or CERTIFIED FINANCIAL PLANNER™ as to your unique financial situation.