Is a Medicare buy-in for retired first responders over 50 a good idea?
In this episode, our co-hosts discuss new legislation introduced to Congress that would offer a Medicare buy-in option to retired first responders over 50
HR.4527/S.2552 – a bill to amend title XVIII of the Social Security Act to provide an option for first responders age 50 to 64 who are separated from service due to retirement or disability to buy into Medicare, has been introduced, and dubbed the “Expanding Health Care Options for Early Retirees Act.”
Sounds good, yes? But what do we know? Skip Kirkwood asks three questions about the bill that suggest revisions may be needed before providers should rely on the Medicare option.
Coverage provided under this bill would be identical to the coverage provided under the existing Medicare program. Retired first responders would be eligible for tax credits, subsidies and tax-advantaged contributions from their former employer or pension plan.
What do you think of this idea? Listen to the discussion and add your comments below.