Retirement is on hold indefinitely

Gemma said:
My husband is still working at 65 and he's employer told him that their insurance is primary, and is.
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This is true.. when I turned 65 I received Medicare part A.. Since I was still working I deferred Part B and continued using my employers group insurance as my Primary. This January I am dropping my group insurance and going straight Medicare part A and Part B.. as well as a Blue Cross supplemental plan.
 
QuickSilver said:
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This is true.. when I turned 65 I received Medicare part A.. Since I was still working I deferred Part B and continued using my employers group insurance as my Primary. This January I am dropping my group insurance and going straight Medicare part A and Part B.. as well as a Blue Cross supplemental plan.
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Yes, he also deferred Part B.
 
Gemma said:
Yes, he also deferred Part B.
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Yes.. me too.. But this January I'm dropping my group ins and going full Medicare. I had to bring an affidavit to the SS office to prove I had insurance for the last 3 years so I wouldn't incur a Part B penalty for late application. Make sure your hubby gets that. I think you can print out a blank affidavit on the Medicare.gov site, or pick one up at the SS office. HR will fill it out.
 
QuickSilver said:
Yes.. me too.. But this January I'm dropping my group ins and going full Medicare. I had to bring an affidavit to the SS office to prove I had insurance for the last 3 years so I wouldn't incur a Part B penalty for late application. Make sure your hubby gets that. I think you can print out a blank affidavit on the Medicare.gov site, or pick one up at the SS office. HR will fill it out.
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Good information you provided! Yes, we already knew that. His HR dept had already advised him about the affidavit and told him when he decided to retire or switch over to Medicare, they would automatically take came of this paperwork.
 
I only work part time, but am glad to have the income. Husband is now on SS, but still has a small business that brings in a small amount of income. We do have some savings, but if we wound up in a senior facility, it wouldn't last long. I do hope our health holds out and we are able to stay in our paid for home and independent.
 
Unless you've already figured in the Medicare premium Gemma, it's less than that! Quicksilver...the bottom line is that you must do whatever makes you feel secure and comfortable. There's certainly nothing like having good health benefits. You see the silver lining in staying on the job so that's a good thing. Hopefully you can save money while you keep working.
 
Ray I had read speculation about a cut for a couple of years before actually seeing it on the Social Security web site that they expect there to be a cut by 23% across the board for everyone by 2033 due to the depletion of the fund. SS took the announcement down but a few months later, I got a message from them (within my account) stating the same thing. I wish I had taken a screen shot of it because that disappeared too. Social Security Disability benefits were slated to be cut this year. http://www.pbs.org/newshour/making-...enefit-cuts-for-millions-of-disabled-workers/ And here's an article about the projected cut in 2033.
http://www.heritage.org/research/re...st-fund-reports-massive-deficits-benefit-cuts
 
I think it's good if someone wants and can work as long as they have to. Of coarse being able to do the job physically is a consideration.

I need very little for retirement (I think). I don't mind being broke. I've been there before. I need a safe home and I'm still looking for a mobile in a park. I need the ability to take care of and feed my cats and feed myself. So at this rate, I'm hoping I will have that.

I'm still working full time and looking at some other options.
 
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