David Lerner Associates: Social Security and Medicare

David Lerner Associates: Social Security and Medicare

Core Facts

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Many Americans now choose to continue working after age 65.  Some do it for financial reasons and others because they just don’t feel ready to retire. If you decide to postpone retirement and put off acquiring Social Security benefits you won't automatically be registered in Medicare Parts A and B. Even though you delay retirement you can sign up for Medicare when you first become eligible throughout your seven-month Initial Enrollment Period. This period begins three months before the month you turn 65, includes the month you turn 65, and finishes three months after the month you turn 65.

The Social Security Administration suggests getting in touch with them to register three months before you reach age 65, since signing up early helps you avoid a delay in coverage. For your Medicare coverage to begin during the month you turn 65, you must register during the first three months before the month you turn 65 (the day your protection will begin depends upon your birthday).

If you enroll later, the start date of your coverage will be delayed. If you don't enroll during your Initial Enrollment Period, you may pay a higher premium for Part B coverage later. You can delay enrolling in Part B beyond age 65 without penalty if you have group health insurance from an employer for whom you (or your spouse) are still working. When you retire and this coverage ends, you'll be entitled to an eight-month special enrollment period (SEP) to sign up for Part B without penalty.

Visit the Medicare website, www.medicare.gov to learn more, or call the Social Security Administration at 800-772-1213.



Material contained in this article is provided for information purposes only and is not intended to be used in connection with the evaluation of any investments offered by David Lerner Associates, Inc. This material does not constitute an offer or recommendation to buy or sell securities and should not be considered in connection with the purchase or sale of securities.

David Lerner Associates does not provide tax or legal advice. The information presented here is not specific to any individual's personal circumstances.

These materials are provided for general information and educational purposes based upon publicly available information from sources believed to be reliable-- we cannot assure the accuracy or completeness of these materials. The information in these materials may change at any time and without notice.

Some of this material has been provided by Broadridge Investor Communications Solutions, Inc.




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Founded in 1976, David Lerner Associates is a privately-held broker/dealer with headquarters in Syosset, New York and branch offices in Westport, CT; Boca Raton, FL; Teaneck and Princeton, NJ; and White Plains, NY. For more information contact David Lerner Associates Cal 516-921-4200 Visit our website: http://www.davidlerner.com

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