FAQs
Feeling overwhelmed? Don't let that stop you from maximizing your future. Here are my top ten most frequently asked questions. Can't find the answer you need here? Please call or email me with any questions. I would be happy to help!
1
What’s my full retirement age for Social Security benefits?
The full retirement age is 66 if you were born from 1943 to 1954. The full retirement age increases gradually if you were born from 1955 to 1960, until it reaches 67. For anyone born 1960 or later, full retirement benefits are payable at age 67.
2
What’s the Early Retirement Age?
You are eligible to start Social Security retirement benefits as early as 62. Be aware however that Social Security will reduce your benefits if you start receiving benefits before your full retirement age.
3
When am I eligible for Medicare?
Medicare Health Insurance is for people age 65 or older. Individuals determined disabled through the Social Security Administration are eligible to start Medicare benefits before they turn 65.
4
Do I have to start drawing my Social Security Retirement benefits when I start Medicare Health Insurance?
No! Medicare Health Insurance benefits and Social Security Retirement benefits are different. You can take one and not the other.
5
When will my Medicare Health Insurance start?
Medicare benefits will start the first of the month in which you will be 65. For example: Ted’s birth is April 11th, his Medicare will be effective April 1st the year he is 65.
6
What is my Medicare sign up timeframe?
You can start signing up for Medicare 3 months prior to the month of your birthday, the month of your birthday, and up to 3 month’s after you turn 65.
7
How do I sign up for Medicare?
If you are drawing your Social Security Retirement benefits, you will automatically be enrolled into Medicare when you are eligible. The Department of Health Services will send your new Medicare card directly to you in the mail.
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If you are not drawing Social Security benefits, you will need to apply for Medicare. You can enroll online at SSA.gov, over the phone with Social Security, or by contacting your local ADRC office.
8
Is ACA, Federal Marketplace, ObamaCare all the same insurance coverage?
Yes, all of the above stated names are used to describe the Federal Health Insurance plans.
9
Who can buy insurance through the Federal Marketplace?
Any individual or family that would like to buy health insurance within the state of Wisconsin is eligible to consider the Federal Marketplace insurance options. You may qualify for a subsidy, or reduction in your monthly premiums depending on your family size and household income.
10
Can I be denied for pre-existing conditions through the Federal Marketplace?
No, you cannot be denied coverage for a pre-existing condition with any health insurance plan that meets the minimum standards of the Affordable Care Act. You will not be charged more based on your health history.
