We are here to help employees who might retire this year. Here is how we can help:
Employees and Benefits Teams are confused about Medicare enrollment. We helped many employees avoid the stress of leaving their employer plan and avoid enrollment penalties by meeting with us early. We told them when to stop contributing to their HSA or when it was okay to defer their Medicare enrollment.
More employees attended our 123Easy Medicare workshops to learn about Medicare, so they had a plan for healthcare after retirement. In addition, we supported more employees who are not ready for Medicare to help their parents. We provided virtual education and guidance for companies with remote employees to help them transition confidently nationwide from their home or office!
Many employees still take company-offered COBRA or retiree healthcare in error when they're Medicare-eligible. As a result, employees are confused about which healthcare path to take when turning 65. Employers need experienced Medicare partners to provide dedicated Medicare planning, so employees know when to enroll. We help employees make choices that are appropriate for their situation.
We want to make Medicare 123Easy for your employees too!
Know an employer we can help? Contact our office to connect. We are here to help guide employees with clearing the confusion of Medicare to make Medicare at work 123easy.
By American Retirement Advisors
American Retirement Advisors helps retirees and pre-retirees navigate Medicare, estate planning, and retirement income — so you can enjoy the retirement you've earned.
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Easy Eddie's Take
The article hits on something really important here. One question I hear all the time is, "When exactly do I need to sign up for Medicare if I'm still working?" Here's the good news: if you have creditable coverage through your employer (meaning 20 or more employees), you can usually delay Medicare Part B without penalty. But here's where it gets tricky - you need to enroll within 8 months of when your employer coverage ends, or you'll face a permanent 10% penalty for every 12 months you were late.
The HSA piece is crucial too. Once you enroll in any part of Medicare - even just Part A - you can't contribute to a Health Savings Account anymore. The Centers for Medicare & Medicaid Services is very clear about this rule. Most people are surprised when they learn that Medicare Part A enrollment is automatic when you start collecting Social Security benefits at 65, which stops your HSA contributions whether you realize it or not.
Think of it this way: a little planning with someone who knows the Medicare enrollment periods and employer coordination rules can save you thousands in penalties and help you keep those valuable HSA benefits as long as possible. That's what makes getting guidance 123easy.