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.
The Content on this Site is presented in a summary fashion, and is intended to be used for educational and entertainment purposes only. It is not intended to be and should not be interpreted as medical advice or a diagnosis of any health or fitness problem, condition or disease; or a recommendation for a specific test, doctor, care provider, procedure, treatment plan, product, or course of action. MedHelp is not a medical or healthcare provider and your use of this Site does not create a doctor / patient relationship. We disclaim all responsibility for the professional qualifications and licensing of, and services provided by, any physician or other health providers posting on or otherwise referred to on this Site and/or any Third Party Site. Never disregard the medical advice of your physician or health professional, or delay in seeking such advice, because of something you read on this Site. We offer this Site AS IS and without any warranties. By using this Site you agree to the following Terms and Conditions. If you think you may have a medical emergency, call your physician or 911 immediately.