Social Security and Medicare are hand in hand

What may be flying under the radar at many of the Social Security seminars being held across the country is that in order to even receive this benefit one must, when eligible, enroll into Medicare or else.

With a court ruling dating back in 2011 Social Security & Medicare have become interlocked.

In March of 2011 federal Judge, Rosemary Collyer ruled that the regulations from Social Security’s Program Operations Manual System (POMS) which was created in 1993 was in fact legal due to both “benefits” being defined as entitlements.

Ultimately, through this ruling, in order to receive any Social Security benefits in retirement a person, who is age 65 or older, must also accept Medicare when no longer covered by a credible health plan through an employer or spouse’s employer.

If, for any reason, a person refuses to accept Medicare then they will forfeit all current, future and even past Social Security benefits too.

This case was immediately brought to appeal by the Cato Institute, a right leaning organization, on behalf of three Federal Employee Retirees who not only didn’t want Medicare coverage, but, actually didn’t need it because of the benefits they were receiving in retirement (the case eventually added two others as well who were not Federal Employee Retirees).

Unfortunately in that appeal the Cato Institute lost and, currently, the Supreme Court has refused to hear the case, thus creating a mandatory expense that every retiree must have. .

Please note that in order to meet this regulation all one needs to do is accept Medicare Part A which, if you qualify for, is free of premiums, but consider the fact that both Medicare Parts B & D, though not mandatory, do have late enrollment penalties that are compounding and perpetual – so you better enroll in them.

To calculate what your expected Medicare premiums may be in the future please see our free calculator at www.yourretirmentcosts.org.

For a more in depth plan we encourage those concerned about their retirement to set up an appointment with a financial professional who has access to Pie Technology’s Money Guide Pro financial planning software, arguably the hands-down best when it comes to properly planning for all of retirement’s expenses.

Tags: , , , , , , , , , , ,

Related posts

Guess what? The government thinks you are rich

What may be flying under the radar at many of the Social Security seminars being held across the country is that in order to even receive this benefit one must, when eligible, enroll into Medicare or else.

Is Medicare for All the right solution?

What may be flying under the radar at many of the Social Security seminars being held across the country is that in order to even receive this benefit one must, when eligible, enroll into Medicare or else.

The Hold Harmless Act

What may be flying under the radar at many of the Social Security seminars being held across the country is that in order to even receive this benefit one must, when eligible, enroll into Medicare or else.

That Traditional 401(k) is bad for your health

What may be flying under the radar at many of the Social Security seminars being held across the country is that in order to even receive this benefit one must, when eligible, enroll into Medicare or else.

Tax Deferral Today Equals 3 Taxes Tomorrow

What may be flying under the radar at many of the Social Security seminars being held across the country is that in order to even receive this benefit one must, when eligible, enroll into Medicare or else.

2019 Medicare Board of Trustees Report

What may be flying under the radar at many of the Social Security seminars being held across the country is that in order to even receive this benefit one must, when eligible, enroll into Medicare or else.

You need an Annuity: the reason federal regulations

What may be flying under the radar at many of the Social Security seminars being held across the country is that in order to even receive this benefit one must, when eligible, enroll into Medicare or else.

Retiree healthcare costs = $360,000

What may be flying under the radar at many of the Social Security seminars being held across the country is that in order to even receive this benefit one must, when eligible, enroll into Medicare or else.

Looking at Reverse Mortgages? You may want to

What may be flying under the radar at many of the Social Security seminars being held across the country is that in order to even receive this benefit one must, when eligible, enroll into Medicare or else.

And the Regulations will be Televised

What may be flying under the radar at many of the Social Security seminars being held across the country is that in order to even receive this benefit one must, when eligible, enroll into Medicare or else.

Is it misinformation or something more sinister?

What may be flying under the radar at many of the Social Security seminars being held across the country is that in order to even receive this benefit one must, when eligible, enroll into Medicare or else.

The Debt Crists: what it really means

What may be flying under the radar at many of the Social Security seminars being held across the country is that in order to even receive this benefit one must, when eligible, enroll into Medicare or else.

Women, Retirement and Long Term Care

What may be flying under the radar at many of the Social Security seminars being held across the country is that in order to even receive this benefit one must, when eligible, enroll into Medicare or else.

That Traditional 401(k) is bad for your health

What may be flying under the radar at many of the Social Security seminars being held across the country is that in order to even receive this benefit one must, when eligible, enroll into Medicare or else.

Predicting health care costs???

What may be flying under the radar at many of the Social Security seminars being held across the country is that in order to even receive this benefit one must, when eligible, enroll into Medicare or else.

2015 Medicare Part B premiums to stay level

What may be flying under the radar at many of the Social Security seminars being held across the country is that in order to even receive this benefit one must, when eligible, enroll into Medicare or else.

Women in Nursing Homes there can be choices

What may be flying under the radar at many of the Social Security seminars being held across the country is that in order to even receive this benefit one must, when eligible, enroll into Medicare or else.

Death Panels – it looks like they are back

What may be flying under the radar at many of the Social Security seminars being held across the country is that in order to even receive this benefit one must, when eligible, enroll into Medicare or else.

Where health costs may be headed

What may be flying under the radar at many of the Social Security seminars being held across the country is that in order to even receive this benefit one must, when eligible, enroll into Medicare or else.

Life Insurance firms selling at Wal-Mart????

What may be flying under the radar at many of the Social Security seminars being held across the country is that in order to even receive this benefit one must, when eligible, enroll into Medicare or else.

Medicare verse Medicare Advantage Plans

What may be flying under the radar at many of the Social Security seminars being held across the country is that in order to even receive this benefit one must, when eligible, enroll into Medicare or else.

Webinar – Do We Really Know What Retirement Is?

What may be flying under the radar at many of the Social Security seminars being held across the country is that in order to even receive this benefit one must, when eligible, enroll into Medicare or else.

President Obama’s myRA. A brilliant idea.

What may be flying under the radar at many of the Social Security seminars being held across the country is that in order to even receive this benefit one must, when eligible, enroll into Medicare or else.

Divorce Settlements and Medicare – by Robert Klein

What may be flying under the radar at many of the Social Security seminars being held across the country is that in order to even receive this benefit one must, when eligible, enroll into Medicare or else.

Leave a Comment

Leave a Reply

Your email address will not be published.




Top