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I am eligible for the Medicare Plan A , but I am currently covered by HSA Health Plan and don't need Medicare Plan A. Can I delay the enrollment without any penalties until I covered by group health insurance from the Company, and for how long?
You most likely mean part A and not plan A. Plan A is an insurance plan.
Part A is typically free and really doesn’t need to be delayed if it’s already started.
As far as penalties go, that would be for part B. If you have creditable coverage then you can delay part b without a penalty. You need to find out if you have creditable coverage.
having Medicare (any part) will impact what you can do with your HSA (specifically that you won't be able to contribute to an HSA once you have Medicare).
I am eligible for the Medicare Plan A , but I am currently covered by HSA Health Plan and don't need Medicare Plan A. Can I delay the enrollment without any penalties until I covered by group health insurance from the Company, and for how long?
FYI Probably nothing most of us have encountered, but there is such a thing as a Part A LEP Part A late enrollment penalty | Medicare.gov. Also, he probably wants to delay Part A if possible so he can continue contributing to his HSA.
As long as you do not have any part of Medicare you can continue to contribute to your HSA. Two things to keep in mind: 1) once you start drawing Social Security benefits you are required to take Part A so your contributions must stop and 2) whenever you do enroll in Part A the effective date is backdated six months from the date you enroll and your contributions to the HSA have to be prorated based on the effective date not the application date. if you contributed more than the allowable prorated amount you must take that money out and pay normal taxes on it or face a 6% excess contribution penalty.I am eligible for the Medicare Plan A , but I am currently covered by HSA Health Plan and don't need Medicare Plan A. Can I delay the enrollment without any penalties until I covered by group health insurance from the Company, and for how long?