Already on Medicare?

​Not yet?

It may be a straight-forward, obvious decision.   And maybe not. 

Straightforward:
  • You are 65 or more (or soon will be 65), you are retiring and leaving your employer coverage
  • You are to be 65, and you now are eligible for Medicare–enabling your spouse to retire and go on Medicare, too
  • You now are able to leave your COBRA coverage or ACA coverage, and be eligible for Medicare
  • Easy, peasy.
It’s important to do this on a timely basis because there’s a permanent premium surcharge for enrolling more than three months after your 65th birthday if you don’t have equivalent drug coverage from another source, such as an employer or a retiree plan.

Maybe not so straight-forward:
  • You are employed, reasonably satisfied with your plan, and have the option of continuing with it (or a retiree’s option)
  • On the other hand, you see the satisfaction with the costs and the results of your friends who are on Medicare
  • Spousal coverage may be successfully navigated, so that is not a particular issue
  • How do you determine whether you should stay with the employer coverage, or make the change to Medicare?
  • A SPECIAL CASE of higher income. Whether from earnings or a large capital gain (sale of an investment, or real estate), or the sale of a business interest. Preceding your Medicare eligibility by a couple of years, or possibly within the next year or so.  Is very important to have an organized and reliable system for making your evaluation. The good news is that we have considerable experience in navigating this circumstance​--to your benefit.

There are numerous components: Medicare Part B  costs, whether your income is “too high” and will require higher Part B and Part D “adjustments” [taxes], the monthly premium costs for your employer coverage (you and spouse?), co-payments, deductibles, max-out-of-pocket limits, etc.

But not to worry. This is one of the areas we excel in, so that, whatever your conclusion, you will enjoy confidence in it. Until your circumstances change down the road, and another look seems sensible.
(314) 260-7917
St. Charles, MO 63303​
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