• About Us
  • Contact Us
  • Privacy Policy
  • Terms
  • Unsubscribe
No Result
View All Result
Live and Invest Overseas
FREE REPORT
BEST PLACES TO RETIRE
*No spam: We will NEVER give your email address to anyone else.
  • HOME
  • COUNTRIES
    • Top Destinations
      • Portugal
      • Panama
      • Belize
      • France
      • Colombia
      • Dominican Republic
      • Thailand
      • Mexico
      • Spain
      • Argentina
    • Browse All Countries
    • Best For
      • Retire Overseas Index
      • Health Care
      • Cost of Living
      • Investing in Real Estate
      • Editor’s Picks For Retirement
      • Establishing Residency
      • Starting an Online Business
      • Single Women
      • Playing Golf
  • BUDGETS
    • Super Cheap ($)
      • Cuenca, Ecuador
      • Chiang Mai, Thailand
      • The Philippines
      • Las Tablas, Panama
      • Granada, Nicaragua
    • Cheap ($$)
      • Algarve, Portugal
      • Medellin, Colombia
      • Boquete, Panama
      • Carcassone, France
      • Buenos Aires, Argentina
    • Affordable ($$$)
      • Abruzzo, Italy
      • Barcelona, Spain
      • Las Terrenas, Dominican Republic
      • Puerto Vallarta, Mexico
      • Costa de Oro, Uruguay
    • Luxury On A Budget ($$$$)
      • Ambergris Caye, Belize
      • Paris, France
      • Panama City Beach Area
  • Real Estate
  • ARCHIVES
    • Living & Retiring Overseas
    • Raising A Family Abroad
    • Foreign Residency & Citizenship
    • Offshore Diversification
    • Our Latest On Coronavirus ⚠️
  • Making Money
    • International Real Estate
    • Banking
    • Employment
    • Investing
  • CONFERENCES
  • BOOKSTORE
Live and Invest Overseas
  • HOME
  • COUNTRIES
    • Top Destinations
      • Portugal
      • Panama
      • Belize
      • France
      • Colombia
      • Dominican Republic
      • Thailand
      • Mexico
      • Spain
      • Argentina
    • Browse All Countries
    • Best For
      • Retire Overseas Index
      • Health Care
      • Cost of Living
      • Investing in Real Estate
      • Editor’s Picks For Retirement
      • Establishing Residency
      • Starting an Online Business
      • Single Women
      • Playing Golf
  • BUDGETS
    • Super Cheap ($)
      • Cuenca, Ecuador
      • Chiang Mai, Thailand
      • The Philippines
      • Las Tablas, Panama
      • Granada, Nicaragua
    • Cheap ($$)
      • Algarve, Portugal
      • Medellin, Colombia
      • Boquete, Panama
      • Carcassone, France
      • Buenos Aires, Argentina
    • Affordable ($$$)
      • Abruzzo, Italy
      • Barcelona, Spain
      • Las Terrenas, Dominican Republic
      • Puerto Vallarta, Mexico
      • Costa de Oro, Uruguay
    • Luxury On A Budget ($$$$)
      • Ambergris Caye, Belize
      • Paris, France
      • Panama City Beach Area
  • Real Estate
  • ARCHIVES
    • Living & Retiring Overseas
    • Raising A Family Abroad
    • Foreign Residency & Citizenship
    • Offshore Diversification
    • Our Latest On Coronavirus ⚠️
  • Making Money
    • International Real Estate
    • Banking
    • Employment
    • Investing
  • CONFERENCES
  • BOOKSTORE
No Result
View All Result
Live and Invest Overseas
No Result
View All Result
Home Mailbag

Medicare Part A And Medicare Part B For The American Living Or Retired Overseas

Live And Invest Overseas by Live And Invest Overseas
Mar 10, 2014
in Mailbag
0
medical equipment and medicine
210
SHARES
3k
VIEWS
Share on FacebookShare on Twitter

“Kathleen, I’m confused about a paragraph which I received today in your newsletter to do with Medicare.

“As I read this, and perhaps I’m wrong or I’m reading this out of context, but it looked like you were saying that an American living in Panama must keep Medicare Part A in order to continue collecting Social Security payments in Panama. This is not correct. I opted out of Medicare many years ago simply because for me it’s a complete waste of money and I collect Social Security payments every month. They are automatically deposited into my Panamanian bank account. Medicare is recommended but not essential for a retiree to receive Social Security payments.

“Love your newsletter! Just was confused by this.”

–Rick S., Panama

We have received a great deal of mail on this topic, so we’d like to try to clarify.

Medicare Part A is free and automatic for most Americans collecting Social Security.

At age 65 the government automatically enrolls Social Security recipients in Medicare Part A and B. Part B costs just over US$100 a month, which the government takes out of your Social Security benefit each month.

If you are not yet collecting Social Security, about three months before age 65 you should apply for Medicare.

Part A covers hospitalization, Medicare Part B outpatient care. You can opt out of Part B if you wish, in either of the above scenarios, but we recommend you pay for Part B. Even though Medicare doesn’t cover you outside the United States, if you plan to visit the United States or go to the States for treatment, Part B will kick in.

Bottom line, both parts A and B make sense no matter where you’re living. Combined, these become a robust fallback plan.

Late Enrollment For Medicare Part B

“Kathleen, if a U.S. citizen living abroad does not sign up for Medicare Part B when turning 65 and years later returns to the United States, can he or she avoid the late enrollment penalty that Medicare imposes?

“Keep up the good work!”

–Richard R., United States

No, I don’t believe so. If you don’t sign up when you are first eligible for Medicare, then you have to go through underwriting when you do sign up.

Continue reading: The Key To Buying Real Estate Overseas Is A Good Attorney

Tags: mailbag
Share84Tweet53
Previous Post

The Key To Buying Real Estate Overseas Is A Good Attorney

Next Post

Recovering Property Market In Ireland

Live And Invest Overseas

Live And Invest Overseas

Live and Invest Overseas is the world's savviest source for top opportunities to live better, retire in style, invest for profit, do business, and own real estate overseas. Established in 2008, the Live and Invest Overseas' editors and correspondents have more experience researching and reporting on top opportunities for living well, investing for profit, doing business, and owning real estate around the world than anyone else you'll find.

Related Posts

Nohoval Cove, Kensale, County Cork, Ireland
Ireland

The Pros And Cons Of Living And Retiring In Ireland

by Live And Invest Overseas
May 26, 2021
0

“This question is directed to both Kathleen and Lief. “Thank you so much for your recent article about Lahardan House in...

Read more
Nazaré beach resort, Estremadura, Portugal

Retire To The Silver Coast Of Portugal

February 18, 2021
Man bookkeeper working with bills pay taxes online using laptop

How To Do A 1031 Like-Kind Exchange Of Foreign Real Estate

February 15, 2021
Aerial view of Fortress Vila Vella and Badia de Tossa bay at summer in Tossa de Mar on Costa Brava, Catalunya, Spain

Low-Humidity Retire Overseas Options

January 2, 2021
Assisted Living

Assisted Living In Panama

December 11, 2020
Boa constrictor imperator

Malaria, Dengue, Bugs, Spiders, And Snakes In Panama

December 9, 2020
Establishing Retirement Residency In Portugal - Lagos

Establishing Retirement Residency In Portugal

July 6, 2016
Next Post
Dublin, Ireland | Recovering Property Market In Ireland

Recovering Property Market In Ireland

Start Your New Life Today, Overseas

A world full of fun, adventure, and profit awaits! Sign up for our free daily e-letter, Overseas Opportunity Letter, and we’ll send you a FREE report on the 10 Best Places To Retire In Style Overseas Today.







LIOS Resources


  • New To LIOS
  • Ask An Expert
  • Media Center
  • Contact Us
  • FAQs

Quick Links


  • Best Places To Live
  • Best Places To Retire
  • Finding A Job Overseas
  • Real Estate

Sign up for our free daily e-letter, Overseas Opportunity Letter, and get your FREE report: The 10 Best Places To Retire Overseas In 2022

  • About Us
  • Contact Us
  • Privacy Policy
  • Terms
  • Unsubscribe

© 2008-2021 - Live and Invest Overseas - All Rights Reserved.

No Result
View All Result
  • Home
  • Countries
  • Budgets
  • Archives
  • News
  • Events
  • Bookstore
  • Newsletters
  • About Us
  • Members Area
  • Contact Us

© 2008-2021 - Live and Invest Overseas - All Rights Reserved.

Sign up for FREE and learn how to live the good life on a modest budget, find bargain property, and more. Plus, check out our free report on the 10 BEST PLACES TO RETIRE.

RETIRE OVERSEAS AND LIVE LIKE ROYALTY

The World’s Best Places To Be In 2022?

Discover Them Here…