Are You Earning Enough to Qualify for Medicare?
Are you earning enough to qualify for Medicare? This is a question that many people are not sure about, but it’s one that can have significant implications. To answer this question, you need to know what your government wages are. Medicare Qualified Government Wages include the paychecks of employees who work for state and local governments as well as federal workers–including military personnel. There are other types of income that also count towards qualifying for Medicare eligibility, including social security benefits and pensions from employer-sponsored retirement plans like 401(k)s or 403(b)s.
For a start, if you’re an active or former federal worker, then you automatically qualify for Medicare. You don’t need to do anything else in order to enroll into the program. If your wages are less than $110,100 annually (for 2018), then this is considered government wages and will count towards eligibility as well.
For state workers who earn more than $73,600 per year (this amount changes each calendar year) their earnings also count toward qualifying for Medicare benefits. Employees of any local government with a salary of at least $62,700 can include these wages when calculating whether they meet government wage requirements–as long as it’s not part of another retirement plan like Social Security or private health insurance . The same goes if you receive social security income of $16,920 per year.
Also, if you are also eligible for social security benefits, then this kind of income will count towards Medicare eligibility. However, if your salary is less than $17,040 per year and you receive less than $1693 from Social Security–this won’t apply to the government wage requirement.
In addition to these rules, there are other situations in which a worker’s earnings would qualify them for Medicare coverage: If they’re under 65 years old and have ALS or Lou Gehrig’s disease If a state has opted into the Presumptive Eligibility Program – this allows workers who take home between 133% up to 185% of FPL (depending on their age) can enroll in Medicaid while waiting for official approval some cases where an individual works for two or more employers simultaneously
Wages from certain types of employment don’t count towards the Medicare wage requirement, including income you earn as a farmer, fisherman and railroad worker. Also, compensation for members of Congress doesn’t apply to the Medicare wage requirement either–even if they’re on active duty with any branch of military service.