Excellent article. Two points: First, Remember when you are on Medicare (A, B, or C), you can no longer contribute to Health Savings Accounts. If you don't sign up when you turn 65, and you contribute to an HSA, be sure MC does not "back date" your start date by 6 months. Second, if your health and income permits, there is a Medicare Medical Savings Account option. A type of Plan C. There are not too many that I'm aware of that serve multiple states. You agree to a high deductible per year and the company puts some money into a Medicare MSA for future use. Probably best for younger and healthier folks.
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Thank you for thinking of your readers in the midst of everything you are going through. I admire your work and wish you the best.
Post: The C Word
Link to comment from June 16, 2024
Excellent article. Two points: First, Remember when you are on Medicare (A, B, or C), you can no longer contribute to Health Savings Accounts. If you don't sign up when you turn 65, and you contribute to an HSA, be sure MC does not "back date" your start date by 6 months. Second, if your health and income permits, there is a Medicare Medical Savings Account option. A type of Plan C. There are not too many that I'm aware of that serve multiple states. You agree to a high deductible per year and the company puts some money into a Medicare MSA for future use. Probably best for younger and healthier folks.
Post: The Medicare Maze
Link to comment from May 3, 2023