Jerseygirl

Something else I know nowt about. We have retiree's healthcare through my husband's company...but I don't know how or if Medicare will come into it.

Mallory

He will automatically receive Part A (free) when he is 65. This covers hospitalization, but there is a deductible, which is where his other policy comes into play. It will pick up and pay what Medicare doesn't.

If you have another policy you don't have to take Part B (doctors, procedures, lab, etc., and don't have to take Part D, drug card), because your other policy will pay. If he wanted to take Part B, it would be about $105 per month. You would be covered at 65 yourself also, same way.

Steve_

I had no doubt this would happen, I think the whole question is academic because by the time I hit retirement age (whatever that will be by then) the whole system will almost certainly have been changed again. It gets messed about with at least once every ten years.

The way I look at it is that Class 2 contributions are peanuts, I can afford it even if I get nothing at the end, presumably I will get something so why not do it?

With all the baby boomers placing increased demands on the NHS etc. I wouldn't be surprised though if people getting their pensions overseas are an easy target. The reason they won't do it is because then they would move back to the UK and that would increase demands on public services.

The UK is fairly unusual in having a system you can contribute to after you leave, even if you don't plan on going back.

Sally Redux

I don't understand why they do this.

Giantaxe

I wouldn't be at all surprised to see these voluntary contributions scrapped.

Jerseygirl

Thank you for explaining. I've never been interested in that or US pensions because we will probably not be in the US when we reach retirement age.

fulwood

Jerseygirl, Mallory is spot on and it would also behoove you to send letter to Medicare adminstration (whatever) from company your spouse retired from stating that he gets prescription drug coverage and the part B portion thru his company sponsored medical program. I did benefits for Delta airlines employees for 4 years and received calls from folks who were angry, distraught, at wit's end cos being penalized for not taking Medicare Part B etc. We had standard letter we sent out and this usually rectified matter for retiree.. Hope this helps..

fulwood

Oh just read your last email. ignore mine then..

Giantaxe

One more thought on this. The claim I've seen is that no one will get less of a pension than they would have under the current system. If that's the case, would a married woman (person ?) still get a mimimum of the "50% of spouses pension" that the current system gives them?

Jerseygirl

What I want to know is...if I get 50% of hubby's UK and US pension...do I have to share it with him...or can I spend it all on myself.

Mallory

Just direct it into your private bank account, with a unique password known only to you ! Sorted.

Sally Redux

The Department for Work and Pensions said the changes would be cost-neutral. To fund it, the DWP estimates that if the reform was introduced in 2017, more than 15% of retirees would gain by more than £2 a week and another 5% or so by less than £2 a week, while the vast majority would be no worse off. Less than 10% – the higher earners – would lose out.

The winners include women who previously lost out by taking time out to look after children or other relatives or because they were dependent on their partners' earnings, and the self-employed, who often failed to qualify for a full state pension.

http://www.guardian.co.uk/money/2013...m-flat-payment

But I thought I had read somewhere else that married women would be losers, and the new scheme reflected changes in society.

Perth

Email confirming the correct application form to apply for Class 2 contributions. This can be found online but will need to be printed.

Thank you for contacting HMRC International Caseworker.

I can confirm that if you could complete and return the CF83 application form we will be able to assess your entitlement to pay voluntary class 2 National Insurance contributions.

If you have any further queries for HMRC Residency, please do not hesitate to contact us. Our office is open Monday - Friday, 8.00am until 5.00pm.

Yours sincerely

Jason Fyfe
HMRC Residency (Newcastle)

http://www.hmrc.gov.uk/cnr/index.htm

Mummy in the foothills

Got my forecast I have 8 years paid in so am now filling out the form to make back payments

fulwood

I am considering investigating how much I have paid into system before coming to US. Can anyone give me an idea of what back payments I can expect to pay? Even if not exact..