Mr. Diaz continued working with his company and was insured under his employers group plan until he reached age 68. He has heard that there is a premium penalty for those who did not sign up for part B when first eligible and wants to know how much he will have to pay. What should you tell him?

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chracyrome chracyrome

02-10-2019
Health

contestada

Mr. Diaz continued working with his company and was insured under his employers group plan until he reached age 68. He has heard that there is a premium penalty for those who did not sign up for part B when first eligible and wants to know how much he will have to pay. What should you tell him?

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pandamille pandamille · Answer 1 · 2019-10-03T17:40:00+02:00

pandamille pandamille

03-10-2019

Hi!

Answer:

Mr. Diaz will not pay any penalty because he had continuous coverage under his employer's plan.

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abbusaicharan02 abbusaicharan02 · Answer 2 · 2022-07-11T15:58:11+02:00

Mr. Diaz was continuously insured according to his employer's plans and will not pay a fine.

What does the corporate pension system mean?

If you qualify, you will be eligible for a retirement plan. If you qualify for a planning year that ends within the taxable year or within the taxable year, you are considered eligible for the plan you are working on.

What is applicable employer funding compensation?

Applicable employer-sponsored insurance coverage is typically group health provided by the insured or employer under a self-insurance health insurance plan that may be excluded from the employee's total income. Includes insurance coverage.

Learn more about insurance coverage here: https://brainly.com/question/4953989

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