Imagine that you are getting excited about turning 65 and finally going onto Medicare. Turning Medicare age may mean significant monthly medical premium payment savings for most. However, now imagine that you get a letter from Medicare that you will have IRMAA penalties of up to $500 per month on top of the regular Medicare premium payments. We discuss this and other Medicare mistakes to avoid as a cross-border retiree.
We discuss:
- Qualifying for Medicare as a Cross-Border retiree
- Avoiding the dreaded IRMAA penalty
- When to turn on Medicare
- Medicare as a Canadian resident
- Medicare options as a U.S. resident who spends a lot of time in Canada
Click below to watch the video:
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