Is Severance Considered Active Employment

[LostDollar]

Company gave him lump sum and is paying cobra through 6/1

That clarifies the dates of the 8 month sep by removing any possibility of conflict over whether or not Form L564 instructions would be correctly or incorrectly interpreted when the form is completed and obtained for the part B app.

The other concerns I had went beyond your original question to Part D and Cobra coverage.

 

[Devin01]

Part D is the real question , not the B as he has 8 months.

 

[WCMason]

Part D is the real question , not the B as he has 8 months.

The real answer: he’s got an SEP on D until 7/31.

 

[LostDollar]

Part D is the real question , not the B as he has 8 months.

The agents on the forum have taught me that one should always inquire if the prior drug coverage is creditable.

If I was an agent the cobra issues would come into play in helping the person with their full insurance picture. Are there other family members on the Cobra plan? If so, how do we need to plan for their long term insurance needs? Also, does the cobra coverage include dental and vision, if so retaining those to supplement medicare may turn out to be a wise purchase.