THE REVERE ADVOCATE – FRIDAY, FEBRUARY 19, 2021 Page 13 BEER | FROM Page 2 ers before ‘Ryde The Waves’ was chosen in early February. Ryder, which is located at 21 Revere Beach Boulevard, features dramatic outdoor murals by the talented Boston-based artists Silvia Lopez Chavez and Sneha Shrestha. The 200-unit project takes advantage of its beachfront views with a variety of amenities – including an outdoor lap pool on a wrap-around deck, elevated courtyard, indoor and outdoor games and grilling stations. The community also features unobstructed ocean views and balconies as well as a street Cabana and Boardwalk that will include seasonal pop-up retail. Other amenities include a fi tness center and studio, game room, communal workspace with private offi ces, residential parking, dog run and dog wash, 24/7 package room and bike storage. The development of Ryder adds to the growing momentum currently underway in revitalizing Revere along the Blue Line corridor, which includes Redgate’s 500 Ocean Avenue community. Redgate is also the creator of the One Beachmont community located in Revere by the MBTA Blue Line Beachmont stop. As a leading Boston-based developer, Redgate creates vibrant apartment communities in targeted urban areas near highly desirable employment and university markets that are easily accessible by public transportation. About Ryder Ryder, an oceanfront property, is a residential community that features 200-units, including studio, one- and two-bedroom apartments on two parcels with a new beachfront restaurant onsite and residential parking spaces. Ryder allows residents to experience oceanfront living just minutes away from downtown Boston. For more information, visit www.liveryder.com. Do I Need to Sign-Up for Medicare If I’m Still Working? Dear Savvy Senior, I will turn 65 in a few months and plan to keep working for several more years. I have good health insurance from my employer now. Do I have to sign up for Medicare when I reach 65? Looking Ahead Dear Looking, Whether you need to enroll in Medicare at 65 if you continue to work and have health insurance through your job depends on how large your employer is. The same rules apply if your health insurance comes from your spouse’s job. But fi rst, let’s review the basics. Remember that original Medicare has two parts: Part A, which provides hospital coverage and is free for most people. And Part B, which covers doctor’s bills, lab tests and outpatient care. Part B also has a monthly premium, which is $148.50 for most benefi - ciaries in 2021, but is higher for individuals earning above $88,000. If you’re already receiving Social Security, you’ll automatically be enrolled in parts A and B when you turn 65, and you’ll receive your Medicare card in the mail. It will include instructions to return it if you have work coverage that qualifi es you for late enrollment. If you aren’t yet receiving Social Security, you will have to apply, which you can do online at SSA.gov/medicare. If you plan to continue working past the age of 65 and have health insurance from your job, your fi rst step is to ask your benefi ts manager or human resources department how your employer insurance works with Medicare. In most cases, you should at least take Medicare Part A because it’s free. (Note: If you’re funding a health savings account you may not want to take Part A because you can’t make contributions after you enroll). But to decide whether to take Part B or not will depend on the size of your employer. Small Employer If your current employer has fewer than 20 employees, Medicare will be your primary insurer and you should enroll in Medicare Part B during your initial enrollment period. This is a sevenmonth period that includes the three months before, the month Like us on Facebook advocate newspaper Facebook.com/Advocate.news.ma of, and the three months after your 65th birthday. If you miss the seven-month sign-up window, you’ll have to wait until the next general enrollment period, which runs from Jan. 1 to March 31 with benefi ts beginning the following July 1. You’ll also incur a 10 percent penalty for each year you wait beyond your initial enrollment period, which will be tacked on to your monthly Part B premium. Large Employer If your employer has 20 or more employees, your employer’s group health plan will be your primary insurer as long as you remain an active employee. If this is the case, you don’t need to enroll in Part B when you turn 65 if you’re satisfi ed with the coverage you are getting through your job. But if you do decide to enroll in Medicare, it will supplement your employer insurance by paying secondary on all of your claims. Once your employment or group health coverage ends, you will then have eight months to sign up for Part B without a penalty. This is known as the Special Enrollment Period. Check Drug Coverage You also need to verify your prescription drug coverage. Call your benefi ts manager or insurance company to fi nd out if your employer’s prescription drug coverage is considered “creditable.” If it is, you don’t need to enroll in a Medicare Part D prescription drug plan. If it isn’t, you should purchase a plan (see Medicare. gov/plan-compare) during your initial enrollment period or you’ll incur a premium penalty (1 percent of the average national premium for every month you don’t have coverage) if you enroll later. If you have more questions or need help, contact your State Health Insurance Assistance Program (see ShiptaCenter.org), which off ers free Medicare counseling. Or call the Medicare Rights Center helpline at 800-333-4114. Send your senior questions to: Savvy Senior, P.O. Box 5443, Norman, OK 73070, or visit SavvySenior. org. Jim Miller is a contributor to the NBC Today show and author of “The Savvy Senior” book.
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