Do you REALLY need Medicare Part B? | Medicare If You're Still Working

Should you get Medicare Part B when you are first eligible? Many people should, but there are plenty of folks that could and SHOULD delay Medicare Part B - and can do so without a penalty.

Stephanie Abt explains Medicare Part B, and reviews some situations in which you would want to DELAY or drop Medicare Part B, and how to do so. For example, if you are going to be working past age 65 you may want to delay Medicare Part B. When you DO add Medicare Part, you'll have a new Medicare Supplement Open Enrollment Period that you can take advantage of.

Forms you'll need when you sign up for Part B if you've delayed it:

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[davinayoumagul]

Thank you so much for your time to update watched your video take care stay safe and stay healthy

[davinayoumagul]

Thank you for your update Stephanie love your video take care stay safe and stay healthy

[michaelferto]

....I remember studying my parents medicare books, that they got in the mail....A lot of stuff was Its really cool having a smart phone, so I can clarify that Your videos are making that sweet, because your a sweaty pie....

[julieeanderson]

Thanks for delivering such an exciting video. I hope to see more great posts like this in the future and keep the good work going on.

[sueharris]

Stephanie you’re a God send! Thank you for the great information

[dejackso]

Excellent video that answered my questions in a clear concise manner. Thank you!

[katanatac]

This is my experience with Medicare and still working a job.
I have a job that has Blue Cross Blue Shield insurance and they were charging me $103.00 for health insurance along with other small charges for dental and vision.
On the months I got paid twice a month that was over $203 being taken from my check, on the months I got paid three times in the month it came to over $309 per month.
When I checked into Medicare they were only going to charge me $174 per month for part B.
It's a no brainer, take Medicare then do a Medicare Advantage for the the part C & D
I'm still working and saving money on my insurance.

[alanwilson]

As old as we are (highly disposable) and as sketchy and fickle as employment is nowadays with all these layoffs, downsizings and shut downs, I am honestly leaning towards a damn the torpedoes position and signing on with Part B despite the cost out of pocket. This way no matter what happens, if I'm working (yes, I work a solid 40) and am still carried by my companies health benefit, I will be dual covered which all hospitals and clinics like and YOU'RE GOLDEN!!! If I get laid off, quit, get fired or retire, I am STILL covered by my Medicare Part B no matter what and NO WAITING PERIOD!!! I will take my SS at 66 and 8 months, got a little more ways to go till 65 and Part A. $134 a month is nothing to me and I would gladly pay it.

[belindafoster-ebsb]

She explains the options very well and it was easy for me to understand. However, the government stinks. After working for over 40 years and still paying a health premium which the government constantly raises the cost of part B is despicable. I've heard of many people scamming the government; saying they are disabled to get free anything from the government and they get it. I hear people talking about this all the time terrible.

[BW-kvwj]

Very awesome presentation. I’m retired in CA with negotiated life time medical from the city I retired from. When I turn 65, do I still have to enroll in Medicare or will the city just add part B or a supplement? Have you heard of this situation before?

[MedicareSchool]

This is so important! Many people get confused and think that Part B is necessary when they turn 65. Good video!

[DanielHernandez-ybdc]

I have been told that retired military whether receiving Social Security, must be enrolled at 65 or they will not be eligible for Tricare for Life

[michaelwood]

First I just got wanted to say that you have such great presence. I appreciate that and all the good information you provide within your videos.
Question I have is if I initially opted out to sign up for Medicare part B because I was and am still now working then if I were to enroll in B during the next open enrollment and plan to retire a month or two after that ending March 31st enrollment period wouldn’t I be without this insurance for a few months if the part B does not kick in until July? Is that possible and would there as well not be a penalty for not having coverage? Thank you so much!

[briseydamartinez]

Hi Stephanie. What options does an individual who is 60 years old have, if he is separating from his wife and losing health insurance through her workplace? He is currently signed up for Medicare Part A but is now thinking about signing up for Part B and D, due to losing his creditable coverage soon. Thank you.

[wisconsinfarmer]

I will work until 70 but start collecting at 67. In those 3 years my ssi will go into a vanguard fund. . estimate that will be about 75k.
the fund's growth will pay my part B and all co-pays and annual out-of-pocket limitation. And years in which I use no healthcare, the fund keeps growing.
In that way I become my own lucrative insurance company.
Heck, I love my job. Maybe keep working till Im 90.

[alansach]

Well, in my case, Medicare plus a Medigap plan was so much better than what my employer was offering that it was a no brainer. A little bit more each month, but no more huge deductible and co insurance!

[chrisogren]

One thing that you didn't mention, regarding Medicare part B was if I am retired, about to turn 65 in 6 months, recently on Social Security, but still covered by my government (USPS) FEHB medical coverage. Do I need to sign up for part B if I'm fully covered by FEHB ?

[jakeblack]

I retired at 63 and turn 65 in 3 months. I have insurance from my employer(USPS)CSRS Do I have to go to the SS website to sigh up?

[AbtInsuranceAgency]

If you enroll in Part B before you actually need it, you may miss out on an open enrollment period for Medigap plans. Make sure you are informed before you enroll!

[davefeldstein]

How long does it take to get part B if you stop working at 72 or 73 and same question for part N or G and how to handle going from 200 k down to 70k to lower part b premiums