David Irwin
New Member
- 8
Wife is turning 65 in January 2019. Husband is turning 65 in December 2018. He is a partner in financial firm making excess of $170,000. Currently they have group health insurance through his employment. It is a HSA plan that they contribute to. They say the firm does not assist in paying for the premium for partners so they premium is $1,500. Neither have Part A or Part B.
We are looking at enrolling both in Part A and Part B with a January 1, 2019 effective date and dropping the group health insurance (and thus quit contributing to the HSA). By doing this, I don't think there is any tax consequences or late enrollment penalties. Thoughts?
We are looking at enrolling both in Part A and Part B with a January 1, 2019 effective date and dropping the group health insurance (and thus quit contributing to the HSA). By doing this, I don't think there is any tax consequences or late enrollment penalties. Thoughts?