Deducting Part B premiums

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Q: If I elect to take Medicare Part B at age 65 and I also elect to defer drawing Social Security until age 70, how will I be able to make the Medicare payments for the five-year gap since an allotment from my Social Security check will not be an option?

A: If you are retired, you can have the Part B premiums deducted from your annuity. If you are still employed, you can have them deducted from your salary. Note: If you are still employed and covered by the Federal Employees Health Benefits program, you have the option of delaying your enrollment in Part B without penalty until you retire.

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Reg Jones was head of retirement and insurance policy at the Office of Personnel Management. Email your retirement-related questions to fedexperts@federaltimes.com.

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