Medicare Qualified Government Wages
If you are a government employee nearing your 65th birthday, it is just understandable that you are concerned about your eligibility towards Medicare. If you are researching if your wages fall within the category of Medicare qualified government wages or not, this article is the best resource to read.
Public Sector Employees
If you are working in the public sector, you must be paying payroll taxes in each pay cycle, which counts towards your eligibility for Medicare. This payment means that for an employment period of 10 years in the public sector, you become eligible for Medicare when you turn 65.
Medicare Qualified Government Employees (MQGEs)
The situation is a little confusing for federal employees. Some of these employees fall into the category of Medicare Qualified Government Employees (MQGEs); while others will have to enroll in the system after turning 65 and pay Part A premium.
The distinguishing factor between the two categories of federal employees is the Federal Employees Retirement System (FERS). If you are covered by FERS, then you are an MQGEs. It is because FERS is designed in such a way that although these federal employees don’t pay for Social Security, they still pay the Medicare tax.
The premiums of Medicare Part A and B will be similar to those paid by private-sector employees. Consequently, if you have worked for at least 40 quarters, you will not pay any Part A premium. Otherwise, the premium will depend on the employment duration of your show.
Standard part B premium, if you choose to enroll in, will stand at $144.60 for 2020.
MQGEs are eligible to enroll in any Medicare Advantage plan, Medigap policy, and/or Part D plan as they wish.
Do your wages fall under the category of Medicare qualified government wages? If so, you are eligible for the whole coverage that comes under Medicare Part A and B.