Personal Finance (Not Investing) • Medicare Choices

A person can switch out of Medicare C plans to another Part C plan any Open Season with no underwriting. A person can also switch out of a Part C plan back to Original Medicare Parts A and B at the appropriate time with no underwriting.

It is the Medigap plan which a person might have a problem getting into later on due to underwriting, although my understanding is some States allow some leeway, notably NY.

I better read this again.

Thanks for the post

Also, as far as I know, although you can't at this time pay Medigap premiums from your HSA for both you and your spouse, you can reimburse yourself for both of your Part B premiums and legitimate allowable other Part B, Part C, and Part D expenses. I think you mentioned elsewhere you have a substantial HSA so perhaps that could ease concerns--if any--about IRMAA.

Once on Medicare, your HSA balance can be used not only for Medicare Parts B and D premiums (including IRMAA), but also deductibles, copays, coinsurance, dental, vision, hearing, long term care, long term care insurance premiums (within IRS guidelines), and some over-the-counter items.

Just not Medicare Supplement (Medigap) premiums!

This leads many with large HSA balances when they go on Medicare to Plan G-HD.

Statistics: Posted by ModifiedDuration — Fri May 17, 2024 10:50 pm — Replies 23 — Views 1197

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