Danny should delay enrollment in Medicare Part B until he is no longer covered under his employer’s health plan. Sandy will be eligible for Medicare as a spousal benefit when Danny turns age 65. If Danny retires from his job in the next two years, Sandy will be able to purchase health insurance without evidence of insurability from the Healthcare Marketplace within 60 days of losing the employer-provided coverage.
Danny and Sandy have come to your office to discuss some retirement planning issues. Danny will be turning age 65 in five months and Sandy is currently 63. Danny has not started collecting Social Security benefits yet because he is still working, and he is unsure whether he will retire this year or wait a few more years. Sandy has never worked outside the home. If he continues to work, Danny will have health insurance for both himself and Sandy through his employer with a $250 annual per person deductible, a 90% coinsurance, and a maximum out-of-pocket limit of $5,000. Danny’s share of the premium is $50 per pay. Many of their retirement questions have to do with Medicare and health insurance because both Danny and Sandy have existing health issues. All the following statements are proper advice for you to give Danny and Sandy, EXCEPT:
- Danny should delay enrollment in Medicare Part B until he is no longer covered under his employer’s health plan.
- Sandy will be eligible for Medicare as a spousal benefit when Danny turns age 65.
- If Danny retires from his job in the next two years, Sandy will be able to purchase health insurance without evidence of insurability from the Healthcare Marketplace within 60 days of losing the employer-provided coverage.
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
