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Originally Posted by meleana
So my question is: Should he enroll in Medicare Part A in 2019...
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Kudos on knowing Part A can be retroactive 6 months in certain situations!
Just have the employer make the HSA payroll deductions and don't participate in the wellness incentives if they're too much trouble.
If getting the employer to stop HSA payroll deductions 7 months prior to retirement is too much trouble, then do not set up HSA payroll deductions. Instead, make a one-time contribution in late 2019 via bank ACH equal to the amount he was allowed to contribute for the year. He would lose the FICA tax savings with that method, however, but still claim the HSA contribution on the tax return.
IMHO, I would rather make the HSA contribution than have Part A secondary to the large group plan.
Quote:
Originally Posted by meleana
...and should he enroll also in Part B?
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He should not enroll in Part B while still on the large group plan. Part B pays very little as secondary payor. He will be paying Part B premiums and receiving less in return. Also, if he should enroll in Part B the clock will start on picking any Medigap without underwriting during the 6 month Medigap OEP. He should save Part B and the Medigap OEP until he retires.
There is a separate Medigap Guaranteed Issue (GI) period but that only applies to small group and retiree plans where Medicare is primary.