I am retired on disability. I realize that I have been lucky enough to have had good insurance as a retiree, but it is slowly changing. I recently discovered that my Blue Cross Blue Shield policy will no longer cover anything that Medicare B should be covering. The thing is, I never joined Medicare B, mainly because I had good insurance since retiring. I recently discovered that if I pick up Medicare B, I'll have to pay a penalty every month until I reach the age of 65. I am now 57. The penalty is about $100 a month over the regular cost. I'm wondering if there is a way around this, because I really can't afford it. And I really didn't pay it much attention, because I was often in and out of the hospital over the past 10 years or so. Also, I'm wondering if I will not need to take the Medicare B if I drop my insurance and become a dependent on my wife's federal Blue Cross policy. These are questions social security and Blue Cross don't seem to answer very well. Please help. Thanks.
It is true that most employer sponsored group (and retiree) plans don't qualify as credible coverage that can help waive your Part B penalty; however you stated "I can't afford it" which makes me wonder if you can qualify for subsidy or financial help. I recommend you looking into that with your local county authorities because even though a big part of funding comes from Federal Govt., the income level requirements varies by state & county.
As for your other question whether your spouse's coverage will cover your Part B benefits; only that plan can answer the question because it seems like you are referring to a group plan which have their own terms & conditions.
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