Talked to my boss this morning to lay out a retirement plan. (beach, supplement)

[jrkliny]

To each his own. For me that would have been a horrible plan. I had and still have all sorts of things I want to do in retirement including travel. If you need the money, you can work full time for a few more months and then retire. You will be better off financially and will not be tied down with a part time commitment.

[mathjak107]

Originally Posted by brightdoglover

Actually, I've wondered. If my FRA for So. Sec. is 66 and I take Medicare at 65, how am I billed for it, rather, how do I pay for it if it's not being subtracted from my Soc. Security?

keep in mind that when you collect ss you are protected under the hold harmless law. that means your medicare increases can never be more than your cola .

you have no protection under that law if you delay.

we have had quite a few increases where the amount was larger if you were not collecting .

[brightdoglover]

I don't understand. Don't you have to file for Medicare at 65 regardless of your FRA for Soc. Security? What delay are you talking about?

[mathjak107]

If you delay taking ss .

[brightdoglover]

Do you mean delay taking Soc. Security beyond FRA or beyond 62? Sorry I'm so dense.

[brava4]

Originally Posted by brightdoglover

My job (a private non-profit hospital) gives pro-rated benefits to hourly workers down to 16 hours a week.

Same with mine.

[brava4]

Originally Posted by jrkliny

To each his own. For me that would have been a horrible plan. I had and still have all sorts of things I want to do in retirement including travel. If you need the money, you can work full time for a few more months and then retire. You will be better off financially and will not be tied down with a part time commitment.

Kind of what I thought. Why drag it out for so long.

[Kay Effzee]

Originally Posted by Escort Rider

Oh don't worry, they will bill you for it, quarterly, I believe. They are not about to give it to you as a freebee! I was billed the one year my Medicare Part B premium amount exceeded my Social Security retirement benefit. They cancelled the SS payment and billed me for the balance owing.

If I recall correctly I received the bills in the U.S. Mail, but that was a few years ago and I cannot claim to be up to date on their procedures.

You're correct Escort Rider, they are mailed quarterly.

[mathjak107]

Originally Posted by brightdoglover

Do you mean delay taking Soc. Security beyond FRA or beyond 62? Sorry I'm so dense.

If you delay collecting at fra you are not protected .

[brightdoglover]

Thanks so much for your patience and info!