I'm 56 and DW is 69 yrs old.
DW has never worked, she's always been with my company healthcare insurance, and we file taxes together as a married couple.
So no free Medicare Part B (hospital insurance) for her until I turn 62 years old when I'm eligible for SS and she's eligible as my dependent, correct?
If I FIRE around 59 years old and resign from my job, she will be 72. And I may have to pay the $458/mon Medicare Part B for her. And also the $114/month Medicare Part A for her. Otherwise, Medicare will penalize her.
Now, here's my question, when I turn 59 yrs old, will Medicare still penalize my DW if we just pay $114/month for Part A (and no Part B insurance). Instead, I plan to get ACA for both of us and pay a lower insurance premium for us as a couple. I only intend to withdraw from pre-tax accounts at around $20,000 - $25,000 to take advantage of ACA subsidy. So, instead of spending $458/mo for Medicare Part B just for her. We may only be spending $300-$400/mo for ACA covering both of us and also covering hospitalization with the ACA coverage.
What do you think? Will she get penalized for only paying for Medicare Part A and not for Medicare Part B ?
Thanks in advance.
DW has never worked, she's always been with my company healthcare insurance, and we file taxes together as a married couple.
So no free Medicare Part B (hospital insurance) for her until I turn 62 years old when I'm eligible for SS and she's eligible as my dependent, correct?
If I FIRE around 59 years old and resign from my job, she will be 72. And I may have to pay the $458/mon Medicare Part B for her. And also the $114/month Medicare Part A for her. Otherwise, Medicare will penalize her.
Now, here's my question, when I turn 59 yrs old, will Medicare still penalize my DW if we just pay $114/month for Part A (and no Part B insurance). Instead, I plan to get ACA for both of us and pay a lower insurance premium for us as a couple. I only intend to withdraw from pre-tax accounts at around $20,000 - $25,000 to take advantage of ACA subsidy. So, instead of spending $458/mo for Medicare Part B just for her. We may only be spending $300-$400/mo for ACA covering both of us and also covering hospitalization with the ACA coverage.
What do you think? Will she get penalized for only paying for Medicare Part A and not for Medicare Part B ?
Thanks in advance.