Anyone know if a Medicare eligible client on A/B can actively elect to not have Medicare premiums taken out of their Social Security benefits and then pay the premiums directly using monies from a medical savings account…..
Any idea as to whether this is possible? I’m wondering if there is any benefit….. is the taxable portion of Social Security reduced by Medicare premiums? If so, it would be a wash when compared to using the tax-advantaged medical savings account funds…..I had an advisor ask me this and I wanted to get some feedback. I'll of course take credit for the answer! My thou
Any idea as to whether this is possible? I’m wondering if there is any benefit….. is the taxable portion of Social Security reduced by Medicare premiums? If so, it would be a wash when compared to using the tax-advantaged medical savings account funds…..I had an advisor ask me this and I wanted to get some feedback. I'll of course take credit for the answer! My thou
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