transfixer
Senior Member
Not signing up for Medicare when you become eligible is more expensive than signing up for it.
How so ? please explain , I know next to nothing about medicare
Not signing up for Medicare when you become eligible is more expensive than signing up for it.
You will be charged a penalty for NOT signing up when eligible, that time gap determines the monthly payment.....you pay it every month, not a pay and forget it penaltyHow so ? please explain , I know next to nothing about medicare
How so ? please explain , I know next to nothing about medicare
You will be charged a penalty for NOT signing up when eligible, that time gap determines the monthly payment.....you pay it every month, not a pay and forget it penalty
What he said. ^ And no insurance company will insure you unless you are enrolled in Medicare. I planned to work til I died and stay on my business' group health plan until Covid wiped us out. Then I started looking at Medicare and I'm glad I did. You have 90 days to enroll from your first eligibility date. If you fail to do so like RedHills said you pay a penalty for the rest of your life. The Mrs. and I were about 10 days away from penaltyville.
So basically the Government is forcing you to use it, whether you want to or not ? guess I better figure out at what age I'm eligible then
Amen brother.I love my medicare and the supplemental , the only thing the country has going for it .
The thing the people that say they won't pay for Medicare are missing is when you draw SS the Medicare payment is taken out whether you want it or not. The only way to not pay for Medicare is to not draw SS. Let me see I won't draw $1500.00 so I don't have to pay $175.
You can retire @62 with reduced S.S..Medicare you have to be 65.I thought the eligible age was 65?
That I paid into for 40+ years.The thing the people that say they won't pay for Medicare are missing is when you draw SS the Medicare payment is taken out whether you want it or not. The only way to not pay for Medicare is to not draw SS. Let me see I won't draw $1500.00 so I don't have to pay $175.
You still have to apply a few months before 65.You can then suspend it.The thing the people that say they won't pay for Medicare are missing is when you draw SS the Medicare payment is taken out whether you want it or not. The only way to not pay for Medicare is to not draw SS. Let me see I won't draw $1500.00 so I don't have to pay $175.
It takes 18.8 years on average to break even on SS if you start drawing at 65 according to the bureau of statistics.The whole thing is a scam, if private sector ran it the Government would deem it an illegal ponzi scheme, If they had given me the option to opt out of SS when I started working I would have taken it, the amount of money I've paid in since 1979 is probably three times what I will ever draw !