Page 52 - March 2022 Issue.indd

employer or Medicare. Call Mary Moran This includes widows or widowers who
for more information and assistance can start taking Survivor Benefits at
with required Part “D” prescription drug age 60. Hang tight with me as I give an
Spot If you missed the February issue of Senior If one starts receiving Survivor Benefi ts
overview of this important sidebar!
Senior coverage for late enrollees.
Moments try to track down a hard copy

age, that benefit is reduced by a fraction
or go online at www.carolinereview.com at a younger age than full retirement
Senior Moments for in depth coverage of 2022 Medicare of a percent for each month between
by Mary Moran costs and more info on this enrollment age 60 and full retirement age. For this
410-829-2535 / 410-490-3078 opportunity. reason, it is wise to evaluate how much
of a benefi t reduction will be applied if
Thankfully it looks like we are in the Call Social Security in Cambridge at a person applies for Widow Survivor
final stretch of what has been a seriously 888-347-9277 or go online and create an benefits before their full retirement

cold winter! Hope everyone’s fi rewood account on www.mysocialsecurity.com age. It is important to know that if
is holding up as we see some crocus and to enroll and get any supporting forms the deceased worker started receiving
daffodils sprouting through the snow! needed to enroll in Medicare “A” and/or retirement benefits at age 62, and did

C’mon Spring! “B”. If it’s been a while since you entered not reach full retirement age, Survivor
your www.mysocialsecurity account
Reminder: March 31 is the last online and you forgot your information, Benefits will be based on that early
opportunity to enroll in Medicare A&B once you verify your identity it is easy to retirement reduced amount, not the
outside of your IEP (Initial Enrollment reset both your username and password! deceased’s full retirement age amount.
Period). This IEP included the month These days going online is the fastest and If the widow benefit is less than the

of your birthday plus the 6 months most efficient way to enroll and get your full retirement benefit the surviving

surrounding your 65th Birthday. Due personal information, but hard copies widow has earned through her/his work
to late enrollment during this last and snail mail still do the job! Feel free history, the surviving widow may switch
month of the General Enrollment to call Mary Moran at 410-479-2535 for to their own SS higher amount at age 62
Period, beneficiaries will suffer a gap more information. or full retirement age. Just be aware that

in insurance and most likely face taking survivors benefits, or your own

penalties since one is required to sign Please note that those who opt to receive benefits, before full retirement age will

up for Medicare “A”, “B”, & “D” during Retirement Benefits before age 65 are dramatically reduce your benefits for

the Initial Enrollment Period described automatically enrolled in “A” and “B”. a lifetime. That age 62 amount will be

above. Actual coverage will not begin That means the premium for part “B” your base income moving forward, even

until July 1st, 2022. You must enroll in will automatically be deducted and the after you reach full retirement age. Talk
“D” even if you are healthy and do not remainder of the money will be your to a Social Security representative or
take medications. Medicare requires deposited benefit. “D” premiums can go online to www.ssa.gov for complete

beneficiaries to have drug coverage. also be deducted off the top of your benefit information to confirm your full
If not, you will face a penalty for the monthly Social Security check unless retirement age.
months you did not have prescription you qualify for a Medicare Savings Plan In 1983 Congress passed a law to
drug coverage either through an which pays the “B” and “D” premium. gradually raise the retirement age due
TURNING 65? to people living longer, healthier lives.

Therefore, “the retirement age gradually
increases by a few months for every
Confused about all the Medicare Terms & Options? birth year, until it reaches 67 for people
Let Me Help You! born in 1960 and later.” (ssa.gov) If you
start to collect SS before full retirement
age and continue to work, your benefi ts

Anthony Insurance Services will be reduced by specific percentages if
you earn more than your yearly earning
Ann M. Anthony limits. After full retirement age your
earnings do not affect your benefits.
Once again, contact Social Security to
Specializing in Medicare Supplemental Plans, address your unique situation.
Medicare Advantage Plans, Medicare Part-D Plans, On another note: The State of Maryland

Dental and Vision, Long Term Care, and Life Insurance Homeowners property tax Credit
Call Ann Today for an Appointment 410-708-0899 • anthonyins17@gmail.com Program allows credits against the
22850 Fleming Road, Denton, MD 21629 homeowner’s property tax bill “if the

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