so when to sign up for medicare certainly something you need to know and it's important
because there can be penalties if we mess it up and i see people mess it up all the time so i'm
going to go through that right now very quickly i'm keith armbr founder of medicare on video
i help people across the country make the right medicare choices i can absolutely help you as
well if you stay to the end i'll show you how to download my free book medicare made clear
if you're in medicare or going into medicare you absolutely want to have this book saved on your
ipad or your computer because it has everything that you need to know but let's talk right now
about signing up for medicare there's actually three different periods that apply there's before
age 65 there's at age 65 and there's after age 65 so it's important to know where we fit and what we
should do wherever we're going to go into medicare so let's first talk about before age 65 and this
would be considered medicare disability so if you have a disability you may qualify for medicare
coverage which is actually terrific because it'll give you great coverage for whatever situation
you're in and just to be clear i don't do medicare disability but i absolutely want to help
and i have a website medicaredisabilityhelp.com if you go there i will connect you with people
that can help you and and really point you in the right direction on exactly what it is but on the
disability side in order to qualify for medicare you first need to be on social security disability
for two years and then when your two year anniversary is coming up you will then qualify for
medicare so you want to do that ahead of time as well be aware how long you're on social security
disability because it'll take a little time to put things together but important understand
now another thing important to understand is if you go on social or medicare disability
later when you do turn 65 it opens everything back up again so you can change and pick whatever
you want so if you're in medicare disability 40s or 50s or early 60s whatever it may be
keep in mind when you turn 65 you want to revisit everything because that gives us the ability to
pick and choose anything that we want so that'll help with the people under 65 and again visit
medicare disabilityhelp.com put in your basic information i'll make sure that somebody that
knows exactly what's right in your area will contact you and make sure we get it right so
let's talk about the major period for enrolling in medicare this is the majority of people
when you turn 65 and it's actually getting less and less now because a lot of people
continue to work past 65 but for the most part at age 65 is kind of the standard entry into medicare
so what to understand if you're going to retire or if you're not working or if you don't have good
group insurance you absolutely want to go into medicare when you turn 65 and there is a time
frame around that there's a seven month period that is wrapped around the month of your 65th
birthday so you got three months before the month of your 65th birthday three months after but don't
even really worry about that timeline you want to do it well ahead of your 65th birthday month
because it just makes things so much easier to get it done put it away and then that way you don't
have to worry about anything so we want to start looking really no later than three months before
our 65th birthday month and figure options you're going to be choosing whether you want
to stay on original medicare which is part a and part b or whether you want to go on
a medicare advantage plan and if you've seen any of my videos you certainly know i'm not a fan of
medicare advantage i have a video right here up in the top there on why i personally would never
choose a medicare advantage plan so take a minute and watch that and hopefully it'll give you some
pretty good ideas but it's back to signing up so we want to do it ahead of time and the the
nice thing is with medicare if you're coming into a 65 you can probably do it online pretty
easily and i made a url to get you where you need to go if you just go to www.startpartb.com
takes you right to the page on social security's website where you sign up for medicare and yes you
sign up for medicare on social security's website so it's part of the social security package
you can choose to not draw social security or start drawing or whatever you want to do with
social security but medicare is a separate piece and you do it on that website so startpartb.com
will get you right there so that brings you in to part a and part b and keep in mind if you
miss this timeline there can be penalties there can be delays they make it really hard if you
don't do it when you're supposed to do it then it just gets very complicated so start
ahead of time give us a call go to my website medicareonvideo.com fill out the form we'll walk
you right through everything and and this is what i do i help people that stay on original medicare
choose the right medicare supplement because you'll likely want a medicare supplement
that covers what original medicare does not but that's a whole different conversation plenty of
videos on all that just subscribe to the channel and you can find just about everything that you
need so the last opportunity is after age 65. so these days a lot of people continue to work
past age 65 which is terrific a lot of people want to work past age 65 so if you're going to do that
and let's say you work it's a little complicated there's a kind of a number of employees on where
you work under 20 over 20 but for the majority if we're talking if you work somewhere with more
than 20 employees and you have good grouping group health insurance then you're going to want to keep
that good group health insurance chances are your employer pays for a lot of your share of it now
if that's not the case then we want to revisit if it's not the case you're probably way better off
in medicare but if you work for an employer you have a good group health insurance plan
they pay for a lot of it you're probably going to want to stay on that health insurance plan
so if we do that number one do not initiate medicare part b it's a big big deal if you do
and you still stay on your insurance it doesn't hurt you right now but you're gonna be paying
for something you don't need and then when it is time to come into medicare you lose a lot of your
flexibility because you've already started your medicare part b now these days you
also don't need to start medicare part a so those are the two parts of medicare a and b
if you're going to stay at work you probably don't want to start either one of them
if you start medicare part a what happens with that and this is kind of a silly rule i still
don't understand it but once your medicare part a starts you can no longer contribute
to a health savings account so if you're at a large employer you probably put in pre-tax money
into a health savings account makes a lot of sense once medicare starts you can't do that anymore
now what i haven't been able to figure out is what is the consequence so if you did start part
a and you continue to contribute to your hsa i've asked my accountant he doesn't know if you have
had that experience let me know in the comments because it'd be very important to understand
there's bound to be penalties they're gonna make that tax-free money or tax deferred money taxable
immediately and probably have a penalty on top of it but anyway if you start part a you can't
contribute to an hsa account now to make it more complicated let's say you get age 70 and then
you sign up for part a in part b medicare back dates part a six months so that means you have
had to have stopped contributed on hsa six months before you're going to come into medicare so again
silly rules and just something we need to understand so we don't get a surprise because
we don't want surprises now what's going to happen when you do retire 68 70 78 i've had people older
than that work stay on their insurance and then come into medicare in their 80s and
that's terrific it's just like you're turning 65 with one caveat you're going to need a group
coverage form so you're showing your previous insurance at your employer so you need to have
creditable coverage at your employee in other words real health insurance i i don't think
they would consider like a share plan a ministry share plan type creditable coverage has to be
real group health insurance and then it's okay there's no penalties there's no delays you need to
get this form filled out by employee you can find it right on my website medicareonvideo.com it's in
the guides in the forum section you can download it right now email it to your hr department
have them fill it out send it back to you you're going to need that so you don't have a penalty
on your medicare part b now if you continue to work and you don't have credible coverage and
you didn't sign up for part b down the road when you do you're going to have a penalty on part b
so you want to make sure you understand and again give us a call send us an email we'll
make sure we get your eyes dot and your t's cross and we know exactly what we're doing but it's just
super important to do it right so that's exactly what i do i again i help people with the medicare
supplement part of it make sure we get everything that we want we want freedom flexibility choose
our doctors get the right coverage everything with very low out-of-pocket costs and that's exactly
what we'll do so those three avenues under 65 is disability turning 65 is kind of standard past 65
is staying on your group health insurance and then coming into medicare at a later date all works all
easy as long as we do it right so i hope you found this helpful if you have any questions
just leave a comment below and let me know and be happy try to respond to as many as we possibly can
and right now i'll show you a couple of things that you'll find helpful as well including how
to download my book so hope you found it helpful have a fantastic day thank you for taking the
time to watch my video i hope you found it very helpful a couple of other things that you'll find
very helpful is first download a copy of my free book medicare made clear i put a lot of time a
lot of effort into this book you'll find it very helpful for everything that you need for medicare
now and in the future it has videos in the book has all the links that you need for signing up
and everything else that you'll need going forward so take just a minute go to medicareonvideo.com
forward slash free book you can download it right now and save it on your computer
you'll have it for now and in the future and then down the road when it's time to renew
your medicare supplement plan we always want to shop around so every year it makes sense to do
a medicare price check and i have a website specific to that www.medicarepricecheck.com
where we will compare your current plan and see if we can get the same plan at a lower price
and a lot of times we can do that so it makes sense to visit medicarepricecheck.com every year
we'll do a quick comparison let you know if it makes sense and then we take it from there hope
you found all this helpful have a fantastic day hey don't go anywhere these are some of my most
recent videos right here you can also find the link right below this video to download my book
medicare made clear absolutely free you can also subscribe to my channel right here so please
download my book watch some videos subscribe to the channel have a great day hey don't go anywhere
these are some of my most recent videos right here you can also find the link right below this video
to download my book medicare made clear absolutely free you can also subscribe to my channel right
here so please download my book watch some videos subscribe to the channel have a great day