Part A (Hospital Insurance) costs. $0 for most people (because they or a spouse paid Medicare taxes long enough while working - generally at least 10 years). If you get Medicare earlier than age 65, you won't pay a Part A premium.
Must sign up when you are 65 years old to avoid fee! |
Thanks |
I’m a little more than a decade away from this. Could you explain the situation to me like I’m five so that I have a chance of remembering this when I’m older? |
Does this apply to federal government retirees? |
Yes |
^ Thanks! |
The Medicare website explains this: https://www.medicare.gov/basics/costs/medicare-costs/avoid-penalties |
So if you save the government a couples of not covering you, you are penalized? That seems bonkers. And it isn’t a small amount. Geez. |
^^ … a couple years of not covering you … |
Agree. And while I appreciate the safety net, navigating Medicare seems to be like it's going to be a complete nightmare. How do ppl do it? I'm about a decade away and even just the link posted was overwhelming to me. |
When you're turning 65, to shiphelp.org and find the SHIP office for your state. Someone will talk you through everything and help you with all the details. |
Is there a "Medicare for Dummies" primer? |
Medicare is basically a new language. No more “family” coverage like when you are employed. Do yourself a favor and start educating yourself 6 months BEFORE you have to make a decision. This way, you can ask your friends and family members what choices they made and why. |
When Republicans win there will be no Medicare. No worries Americans are stupid they will vote in Republicans. |
How do you have a job and not know this? |