AARP Medsupp Pre-Tax Dollars Pay for Medsupp

May 12, 2016

  1. axeman462
    Offline

    axeman462 Guru

    Posts:
    1,743
    Likes Received:
    108
    State:
    Florida
    I met with a lady yesterday who also met with another agent before me (but she decided to go with me:))

    She is a retired teacher from the state of Florida. As a result, she gets $150 pre-tax in addition to her monthly pension to pay for health insurance in retirement. She told me that the agent she met with before me, said he can set up the medsupp, to where the payment would come out of her bank account using the money PRE-TAX. I have never heard of this, and am not aware of any form that would enable this.

    Does anyone have any idea if this form exists? If so, how do I set up this benefit?
     
  2. sman
    Offline

    sman Guru

    Posts:
    6,243
    Likes Received:
    289
    State:
    Georgia
    The other agent is an idiot.
     
    sman, May 12, 2016
    #2
  3. somarco
    Offline

    somarco GA Medicare Expert

    Posts:
    29,823
    Likes Received:
    3,827
    State:
    Georgia
    Has the state set up a retiree health plan HRA? If so, that could be the answer.

    I have clients that are AT&T retirees with a similar deal involving HRA monies.
     
    somarco, May 12, 2016
    #3
  4. axeman462
    Offline

    axeman462 Guru

    Posts:
    1,743
    Likes Received:
    108
    State:
    Florida
    no, the benefit is added to the pension check she receives every month
     
  5. somarco
    Offline

    somarco GA Medicare Expert

    Posts:
    29,823
    Likes Received:
    3,827
    State:
    Georgia
    Then I don't see how it could be before tax. Have you looked on the FL employee website to see if it mentions this before tax benefit?

    Could be just a fluke or you might run into it again.
     
    somarco, May 12, 2016
    #5
  6. GoPokes
    Offline

    GoPokes Guru

    Posts:
    1,229
    Likes Received:
    167
    State:
    Oklahoma
    Some of those at&t retirees have a pretty sweet deal. I love working with them.
     
    GoPokes, May 12, 2016
    #6
Loading...