Understanding Medicare Part B

Medicare is about alphabet letters: A, B, and so on. What is Medicare Part B requires some explanations.

Once age 65 hits a man or woman they become eligible to receive Medicare. One of the confusing conundrums is thinking that an eligible husband and wife are required to sign up for both Medicare Part A, and Part B. Having a bit more knowledge on what is Medicare Part B should eliminate most of the confusion. Our first question should do just that.

Should I Sign Up For Medicare Part A And B If I’M Still Working?

Part A, for sure. However, if the husband or wife is still working and has heath coverage via their employer or union, Part A may still help pay some medical expenses not covered by any group plan. But that working spouse may choose to delay signing up for Medicare Part B until a later date.

For Not Signing Up At The Beginning, What Is Medicare Part B Premiums Going To Be?

You can delay Medicare Part B enrollment, then later during a Special Enrollment Period (January through March 31st) you can sign up even if you are still working. Just remember you will have to pay a higher Medicare Part B premium simply because when you had the chance you didn’t take it; so now you’ll pay for it.

What is Medicare Part B Deductible?

This deductible is applied on the date a claim is processed, not on the date you actually received the service.

What Is Medicare Part B Physical Exam All About?

It’s a “Welcome to Medicare” physical exam. To be eligible your Part B coverage must have been in effect on or after January 1st. Remember to get yours within the first six months of your Part B coverage.

2 Responses to “Understanding Medicare Part B”

  1. Connie says:

    If still employed at age 65 I don’t sign up for Medicare and part B once I retire and employer health benefits cease will I be required to have a physical and/or be charged more for part B? I’m reading that open enrollment is 3 months before and months after.

    “I have group health coverage through an employer or union.
    If you have group health coverage through an employer or union because either you or your spouse is currently working, you may want to wait to enroll in Part B. Employer plans often provide coverage similar to Medigap, so you don’t need a Medigap policy.

    When your employer coverage ends, you’ll get a chance to enroll in Part B without a late enrollment penalty which means your Medigap open enrollment period will start when you’re ready to take advantage of it. If you enrolled in Part B while you still had the employer coverage, your Medigap open enrollment period would start, and unless you bought a Medigap policy before you needed it, you would miss your open enrollment period entirely.

    I read this as saying no penalty if we don’t enroll until bobs coverage ends. ????

  2. Linda Pyle says:

    Because more and more companies are now offering high deductible health plans to employees with Health Savings Accounts AND those employees are continuing to work past age 65, another confusing factor comes into play. Please confirm for me:

    “If an active employee age 65 or older continues to work past age 65 and has a Health Savings Account with their employer, can they sign up for just Medicare Part A without jeopardizing the pre-tax status of their Health SAvings Account?