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how do i cancel medicare part b

How do I cancel my Medicare Part B in Mexico?

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maw7815 22 Jan 2014

Can this be done with the US consulate at LCS or in Guad? I checked online and this is what I found out. Instructions
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Call and schedule an interview with the Social Security office. The Centers for Medicare and Medicaid Services (CMS) requires a personal interview whenever possible for those seeking to terminate their services.

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Be sure if you cancel your Part B that you will never want it again.  We cancelled ours when we lived in Mexico thinking we would never come back to the U.S. but guess what, here we are.  We have to pay a penalty of $150 a month EACH to buy back into Part B.  They will penalize you back to the date that you were eligible for Part B, not from the date you cancelled it.  The current Part B charge is $104 a month.  Also, there is a law in the States now that says you have to have Part D prescription insurance.  There is a penalty for buying back into that one too except we were able to skirt that penalty by documenting that we lived out of the country since that saw was passed. 

All we had to do was call Social Security and they sent us the form to opt out, just be careful when you do that because it's costly to get back in to Part B.

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While I realize that this is way off the OP's question, the above statement is not factual. The Part B fees don't always go up from year to year (didn't rise from 2013 to 2014 as well as other years). And my fee increase has never been more than my benefit increase. As an example, for the last 10 years my Part B fees increased only $320/yr but my SS benefit payment

has increased by $2,832/yr.  So, dramatically more benefit increase than fee increase. 

That may have been your experience.  There are other factors involved in getting a large SS increase.  One of them is that they automatically recalculate your benefit it you have been reporting income, but that's off the subject.

 

When we had Part B some years ago, we were bemused that the increase in Part B was larger than the SS increase that year.  Not much, but a few dollars.  I don't mean to mislead anyone, however.  Those who would be willing to return to the States to use Part B should keep paying, since the penalties for dropping it and taking it up again are heavy.

 

Each case is different.  In our case, multiplying the number of years we haven't been paying for it by the amount of the cost of Part B has given us a "medical savings account" large enough to cover just about any kind of medical cost, and there is no way we would go through what would be involved in returning to the States for medical care under Medicare.  But. YMMV.

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Amen.   My worst nightmare would be ending up in one of those "storage facilities" in the U.S. in my declining years.  Hopefully, it won't come to that and I will either croak first or be able to find a caretaker to come and live with me. The lady who had the apartment built on the grounds of the Nueva Posada, looking out at the lake and with meals available downstairs. she really got it right!!

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Well. you do the best you can with what you have to work with.  Nothing wrong with a little planning ahead, even though none of us like to think about being old and disabled. but we know for certain that none of us is getting out of this alive.   Ulp.

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traderspoc 25 Jan 2014

http://www.chapala.com/webboard/index.php?showtopic=48607 how do i cancel medicare part b

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