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Not to derail this thread, but I am turning 65 in a month and plan on working another 4 years until my wife turns 65, as she is covered under my employer provided coverage. My first thought was to ignore all the Medicare mailings I've been getting, but after doing a little research I see that's it's not that simple.
My current health insurance is provided by XX Corp with XX Corp paying 100% of the premium. It's a UHC high deductible policy with XX Corp funding an HSA account in the full amount of the deductible. XX Corp is an S corporation with fewer than 20 employees and I am a 50% owner.
From what I'm reading I would be penalized 10% for twice the number of years that I delay enrolling in Part A, and 10% for each year that I delay Part B, forever. Enrolling in Medicare also appears to make me ineligible to contribute to an HSA account, not sure if that applies to the employer contributions as well. None of this makes any sense to me.
Any words of wisdom?
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