By Andrew L Hibbard
Originally Posted: 26 JUNE 2023
Updated & Revised:
Sign up for Medicare at 65, or suspend and delay Medicare until later in life?
A complicated question smart Baby Boomers in Buffalo are now learning to ask themselves.
Because the Federal Government continues to expand and extend the arbitrary and assigned full-retirement age. This leaves many, if not most, assuming and accepting they must continue to work past their 65th birthday (either by choice ‘cause they love their job, or by circumstance ‘cause they need the money), and wonder what they have to do about Medicare.
The top 3 most common questions I get routinely and regularly asked on our Medicare SmartStart Program surveys and assessments:
(1) Can I delay Medicare until after 65, if I keep my health insurance at work?
(2) If I do delay Medicare, will I have to pay a penalty later?
(3) Is Medicare health insurance or my Employer health insurance better?
Do these sound familiar? And you in a similar situation?
Well, first, I want to dispel and dismiss some common myths about Medicare you may have heard, like “you have to sign up for Medicare at 65.”
You do not.
It really all depends.
And it really all depends on a handful of factors. There is no cookie cutter answer, like many insurance brokers around town want you to believe.
You need to take into account some significant and serious implications, such as:
(1) Where you work and the size of the company…
(2) Type of health insurance coverage the company provides you…
(3) The cost per pay period (monthly) of your Employer health insurance versus the cost of Medicare (monthly)...
(4) Total projected out-of-pocket costs of your Employer health insurance versus the out-of-pocket costs of a Medicare insurance plan…
(5) Tax implications of stopping your Employer health insurance at certain times and when best appropriate and acceptable to move to Medicare…
(6) If you do decide to delay Medicare, how to legally not pay a costly late penalty later in life (and what you can do ahead of time to cover you’re butt)…
(7) Plus a few others that are too involved to discuss in this short article.
There’s a lot which should be considered if you want to successfully start Medicare smartly.
And it would be wildly irresponsible of me to make a suggestion to you reading this about the action steps for you to take without sitting down, side-by-side and having you share your situation.
**IMPORTANT NOTE** I’ve seen an astonishing and alarming amount of folks being referred to use my free Medicare SmartStart Program recently, likely due to its national recognition and praise in some local press. These folks were turning 65, did not seek and search for accurate advice or answers and made some foolish assumptions where we have had to help correct some costly mistakes and major mess ups they made when thinking they could, or should, delay Medicare at 65 when they can’t, or shouldn’t.
When you’re turning 65, you have to either file your forms to sign up for Medicare, or submit something separate to suspend Medicare --- you can’t do nothing.
Ok, there’s a lot to deal with, right? I get it.
And as an active adult in WNY, who’s always on the run, you need a smart solution to cut through all the clutter.
If you want some light shed on your situation, your hand held the whole way, and making your move to Medicare simpler, easier, seemingly stress-free and almost effortless, I can do just that. Here's how...
NEARING AGE 65 AND AREN'T SURE WHERE TO START?
If you are TURNING 65 IN 6-12 MONTHS
, my #1 Amazon best-selling guidebook, "Starting Medicare Smartly" will give you a great overview of everything you need to know, before you need to know it. Instead of buying on Amazon for $12.99, click HERE
now and let me send you a completely free, complimentary copy, all at my expense.
If you are TURNING 65 IN 4-6 MONTHS
, you should be getting ready to enroll and your paperwork prepared to either sign up at 65, or suspend --- you can't do nothing. If you don't have the time or desire to deal with doing any of the dirty work with Medicare yourself, OR, you feel frustrated, confused and kind of clueless about figuring out the fine print with Medicare, you can rely on my free Medicare SmartStart Program and let me take away all your stress of trying to tackle anything on your own. It's how I help people just like you. Weekly availability is limited to the first 10 folks, and maximum 40 per month. Don't delay. Click HERE
nowto learn more about my nationally recognized program, and how you can put it to work for you --- for free.
If you are TURNING 65 IN 1-4 MONTHS
, you are cutting it close to your Medicare late penalty period. If you have NOT yet filled out and filed your Medicare forms, you are behind and against the clock. It is URGENT we get together as soon as possible so I can do all I can to help you avoid paying a costly late penalty for life --- before it's too late! Click HERE
now to immediately schedule an emergency Medicare SmartStart Strategy Session with me...if there are still any available.
HAVE MORE MEDICARE QUESTIONS?
Read the most common questions folks in WNY ask when they aren’t sure how to get started with Medicare. Click HERE
to see the complete Medicare SmartStart Answers article archive.
ABOUT THE AUTHOR
Andrew L Hibbard is a prominent name when mentioning Medicare in WNY, but one you may have never heard of. Working behind-the-scenes, he is a best-selling author, expert advisor and successful agency owner. Focused on educating first, Andrew prides himself on being considered “the only advocate in WNY fighting for better and more reliable Medicare resources, free from insurance company conflict of interests.”
To take away the stress of trying to tackle Medicare alone and feeling forced to figure it all out by yourself --- Andrew created the WNY Medicare SmartStart Program; a free, step-by-step plan, that holds you by the hand to sign up and start Medicare smartly. (More than 850+ people have gone through the program and call it “the lazy way to get Medicare done for you without costing you a dime”).
**SPECIAL FREE GIFT**
If you want to see how hundreds of WNY'ers each year are doing things different with Medicare, and getting it all done in record time, you can request a special "Medicare SmartStarter Info Kit” at no-cost to you, Andrew will give it to you as his free gift. It will prove, without a doubt, why his Medicare SmartStart Program is widely considered the most popular and preferred way to sign up and get started with Medicare in WNY, Guaranteed! Simply click HERE
right now and everything will be rushed to you right away. It's that easy!