just a comment about applying for medicare at age 65.
i applied at 65, birthday is in nov., and got my card, i was still working and i am still working now at almost 70.
i have health insurance through my employer who offers flex -spending and a HSA.
in the following january i wanted to go with the HSA program since the company will contribute money.
well because i had applied for medicare and received my card i was not able to select the HSA.
IRS, the government, will not allow you to participate in a HSA if you have the card, so i had to use the flex -spending
i essence it has cost me quite a bit of money. i am almost 70 now and because of my age i wanted to have a some extra money in case of an unforeseen health problem. with flex you use it or lose it, so i had to spend the left over money on unnecessary spending (i have a few pairs of RAY-BAN frame prescription glasses).
whereas if i had the HSA i would have money to carry with me after i retire to pay medical expenses.
¨But if you’re still working at 65, and you have coverage under a group health plan through an employer with 20 employees or more, then you don’t have to enroll in Medicare right now.
it is not mandatory that you sign up at 65 if you are still working at 65, and you have coverage under a group health plan through an employer with 20 employees or more¨
