Share, Engage & Explore with Kudos 365

Local Focus – Global Reach

Posted by Suder Group, LLC

If you do not have health insurance, there is still time to sign up for coverage. Open enrollment ends on February 15, 2015.

If you need assistance, I can help you find a plan to meet your needs and get enrolled, either on the Washington State Exchange or directly with a health insurance company.

Important information you should know about the income tax penalty:

If you don’t have coverage in 2015, you’ll pay the higher of these two amounts:

•2% of your yearly household income. (Only the amount of income above the tax filing threshold, about $10,000 for an individual, is used to calculate the penalty.) The maximum penalty is the national average premium for a bronze plan.

•$325 per person for the year ($162.50 per child under 18). The maximum penalty per family using this method is $975.

If you have questions or would like assistance, please call Loy Suderman at (206)569-5415.

See More

One of the most frequent questions I get about Medicare is “Do I need to sign up for Medicare when I turn 65 if I have employer group coverage?” And the answer is:  It depends…. on the size of the employer group and some other factors:

-  Your cost for the coverage (including premium contribution and out of pocket expenses for deductibles, copays and your annual out of pocket maximum)

- If the employer plan benefits meet your needs (benefits, provider network)

- If your employer group is less than 20 employees, you should sign up for Medicare Part A and Part B when you are first eligible or face a lifetime late enrollment penalty. You have a 7-month Initial Enrollment Period:       

      - 3 months prior to your 65th birthday
      - your birthday month
      - 3 months after your birthday month

In this case, Medicare is the primary payer and your employer group coverage pays secondary based on the benefit plan.

If your employer group is more than 20 employees, and has medical and prescription drug coverage that is at least as good as Medicare, you may not need to sign up for Medicare Part B right away. However, you should review the benefits and cost of your employer plan compared to the benefits and cost of Medicare plus a Supplement or Medicare Advantage plan. In many cases, people save money by enrolling with Medicare.

There are several options for Medicare Advantage and Medicare Supplement plans available, and the key is determining which one will offer you the best coverage based on your healthcare needs, your lifestyle and your budget.

Medicare agents must be licensed in the state they sell products and must complete an annual certification and insurance company specific product training each year to assure they are qualified to help beneficiaries in making good choices. 

If you need assistance with your Medicare decisions, please contact me at 206-569-5415 or by email at suderloy@gmail.com. I am a licensed and certified health insurance agent in WA State and represent multiple health insurance companies. I can help you with your decision and enrollment for the plan that best meets your needs.

December 15th is the deadline to enroll or make changes to your health insurance for individuals and families. If you need assistance understanding the current options available to you or help in completing your enrollment application, call Suder Group Health Insurance Consultants at (206)569-5415. 

There will not be an extension this year as we have done in the past in WA, so now is the time to act and make sure you have coverage!

The Annual Enrollment Period, which is the time for making changes to Medicare coverage, ends on December 7th. If you have not reviewed your current plan to assure it is meeting your needs, now is the time to do it!  SuderGroup Health Insurance consultants are available to help you define your needs and find the plan that will work the best for you in 2019. Call Loy Suderman at 206-569-5415 to get the help you need.

Get Involved with Your Community

Join Kudos to share your expertise

Share your photography. Showcase your events, expertise, and art. Connect with what's happening.

Feedback