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This can suggest scheduling a single session with a therapist to enhance your financial resources or it may indicate having a qualified financial investment advisor on retainer to manage your assets. Payment frameworks vary relying on client needs and the solutions offered by the financial advisor. A monetary advisor may benefit a firm and for that reason make a wage, or they may make a hourly price separately.


Right here are five steps to aid you choose an economic advisor for you. Locate and work with fiduciaries, financial consultants, and monetary planners that will certainly work with you to achieve your wealth objectives.


Our viewpoints are our very own. https://www.slideshare.net/jimthomas30577. Below is a and right here's exactly how we earn money. Before you begin trying to find the appropriate expert, show on what you're wanting to get out of that connection. Financial consultants give a variety of solutions, so it's an excellent idea to recognize what you need assist with before you start your search.

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Identify why you're looking for financial aid by asking the adhering to concerns: Do you need aid with a spending plan? Would you like to create a monetary plan? Your solutions to these concerns will assist you locate the ideal kind of financial advisor for you.


, or CFP, designation have a fiduciary task to their clients as part of their accreditation (https://www.brownbook.net/business/52148824/thomas-insurance-advisors/).


Nerd out on spending news, Subscribe to our monthly investing e-newsletter for our nerdy take on the supply market. Financial consultants have a credibility for being costly, however there is an option for every budget plan.

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Just how much you need to invest on a financial advisor relies on your spending plan, possessions and the degree of economic assistance you require. If you have a little profile, an in-person expert could be overkill you will certainly conserve money and obtain the guidance you need from a robo-advisor. If you have a complicated financial scenario, a robo-advisor might not give what you require.

25% of your account equilibrium each year, typical in-person experts generally set you back around 1% and online financial planning solutions often tend to drop someplace in between. Who can be a financial expert?"Financial advisor" is a general term that is not controlled. If you are attempting to select a monetary expert, know that anybody can legitimately utilize that term.


Any person that offers financial investment advice which most economic advisors do have to be registered as a financial investment expert with the SEC or the state if they have a certain quantity of properties under management. Why is "expert" often spelled "adviser"? Is there a difference? While both terms are often used mutually, "consultant" is the legal term utilized in the united state

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Some organizations like the Foundation for Financial Preparation supply complimentary assistance to individuals in need, including veterans and cancer patients. And while you shouldn't think whatever you continue reading the net, there are lots of trustworthy resources for monetary details online, including government sources like Financier. gov and the Financial Market Regulatory Authority - https://www.slideshare.net/jimthomas30577.

If you are trying to choose a financial advisor, understand that any individual can legitimately make use of that term. Constantly request (and validate) an advisor's particular qualifications. Any individual that gives which most economic experts do should be registered as a financial investment consultant with the SEC or the state if they have a particular wikipedia reference quantity of assets under monitoring.


Lead ETF Shares are not redeemable directly with the releasing fund other than in huge gatherings worth millions of dollars. ETFs are subject to market volatility. When purchasing or selling an ETF, you will certainly pay or obtain the current market value, which may be much more or less than net property value.

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Many economic advisors work regular full-time hours during the work week. Numerous advisors are employed by firms, however around 19% of monetary consultants are self-employed, according to data from the Bureau of Labor Data. In regards to credentials, monetary advisors typically have at least a bachelor's level in a related topic like company, financing or mathematics.

There are a great deal of outstanding economic consultants on the market, yet there are also some unethical ones. Finding one that is experienced and credentialed is extremely important. It's also crucial to consider the demeanor of a financial consultant. One of the most reliable consultants hold your horses, understanding and likely to inform their customers.


Nonetheless, there are some vital distinctions between a monetary advisor and an accountant that you must understand. Accountants are a lot more concentrated on tax planning and preparation, while monetary advisors take an alternative consider a client's monetary situation and aid them prepare for lasting monetary goals such as retirement - Annuities in Toccoa, GA. Simply put, accountants handle the past and present of a client's financial resources, and monetary experts are concentrated on the customer's financial future

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Accountants tend to be employed on a short-term basis and can be taken specialists, whereas monetary experts are most likely to establish a long-term professional relationship with their clients. Accounting professionals and monetary experts vary in their method to economic subjects. Accounting professionals often tend to concentrate on a specific area, while financial experts are typically generalists when it pertains to their economic know-how.

 

Facts About Paul B Insurance Medicare Agency Huntington Revealed

Many Medicare Benefit plans offer added benefits for dental treatment. Lots of Medicare Advantage plans offer added advantages for hearing-related services.


However you can have various other dual protection with Medicaid or Unique Needs Strategies (SNPs).


Medicare health insurance provide Part A (Health Center Insurance) and Component B (Medical Insurance policy) benefits to individuals with Medicare. These plans are normally offered by exclusive business that agreement with Medicare. They include Medicare Benefit Program (Part C) , Medicare Price Plans , Presentations / Pilots, as well as Program of All-encompassing Treatment for the Elderly (RATE) .


Medicare is the federal medical insurance program for people 65 or older, and also individuals of any kind of age with certain impairments.

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Discover much more in a previous post. These plans are provided by personal business. They cover every little thing Original Medicare does and also extra, often consisting of additional advantages that can conserve you money and assist you remain healthy. There are plenty of myths about Medicare Benefit strategies. We bust these misconceptions in a previous article.


It covers some or every one of what Original Medicare doesn't pay, however it does not included bonus. These strategies are offered by private companies. paul b insurance medicare agency huntington. You can't enroll in both a Medicare Advantage as well as Medication, Supp strategy, so it is necessary to understand the similarities as well as distinctions between both. We study these in a previous blog site article.

They're important to think about, since Original Medicare and also Medicare Supplement Strategies do not cover prescription medicines. PDP protection is included with several Medicare Advantage Program.


Brad as well as his better half, Meme, recognize the worth of great service with great benefits. They picked UPMC permanently because they desired the entire package. From physicians' sees to oral insurance coverage to our prize-winning * Health Care Concierge group, Brad and also Meme recognize they're obtaining the treatment as well as answers they require with every telephone call and also every go to.

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An FFS option that permits you to see medical carriers who decrease their charges to the plan; you pay less money out-of-pocket when you make use of a PPO supplier. When you visit a PPO you typically will not have to file claims or paperwork. Going to a PPO health center does not guarantee PPO benefits for all services obtained within that healthcare facility.


The majority of networks are rather vast, yet they may not have all the physicians or hospitals you want. This technique normally will conserve you money. Usually signing up in a FFS strategy does not assure that a PPO will certainly be readily available in your area. PPOs have a stronger existence in top article some areas than others, and also in locations where there are regional PPOs, the non-PPO benefit is the typical advantage - paul b insurance medicare advantage plans huntington.


Your PCP supplies your general clinical treatment. The reference ensures that you see the best service provider for the treatment most ideal to your condition.

You normally pay greater deductibles and coinsurances than you pay with a strategy company. You will certainly also need to file an insurance claim for reimbursement, like in a FFS plan.

Some Of Paul B Insurance Local Medicare Agent Huntington

A Health Interest-bearing accounts allows people to spend for current health costs and save for future competent redirected here medical expenses on a pretax basis. Funds deposited right into an HSA are not tired, the equilibrium in the HSA grows tax-free, as well as that quantity is available on a tax-free basis to pay clinical costs.

HSAs undergo a number of policies and also restrictions established by the Department of Treasury. Visit Department of Treasury Resource Facility for more details.


Medicare beneficiaries pay nothing for most preventative services if the services are received from a physician or various other healthcare provider that gets involved with Medicare (likewise called accepting project). For some precautionary solutions, the Medicare recipient pays nothing for the service, however may have to pay coinsurance for the office visit to obtain these solutions.




The Welcome to Medicare physical examination is an one-time testimonial of your health, education as well as therapy regarding preventive services, as well as recommendations for various other treatment if needed. Medicare will cover this exam if you get it within the initial one year of signing up partly B. You will pay absolutely nothing for the exam if the physician approves assignment.

The Main Principles Of Paul B Insurance Medicare Part D Huntington

On or after January 1, 2020, insurance providers are called for to offer either Strategy D or G in addition to An as well as B. The MACRA modifications likewise my company created a new high-deductible Strategy G that may be used beginning January 1, 2020. To find out more on Medicare supplement insurance plan design/benefits, please see the Advantage Graph of Medicare Supplement Plans.


Insurance firms might not reject the candidate a Medigap policy or make any type of costs rate distinctions as a result of health and wellness status, claims experience, medical condition or whether the applicant is getting health care solutions. Eligibility for policies supplied on a team basis is restricted to those people that are participants of the team to which the policy is issued.

 

What Is Medicare Can Be Fun For Anyone

Part B covers several precautionary solutions. Learn more about what items and also services aren't covered by Medicare Part A or Part B. You'll need to spend for the things and solutions yourself unless you have various other insurance coverage. If you have a Medicare health plan, your plan might cover them.


Helps cover the price of prescription medications (consisting of several advised shots or vaccines). Most individuals don't pay a monthly premium for Component A. You normally do not pay a regular monthly premium for Part A if you or your spouse paid Medicare tax obligations while functioning for a particular amount of time. This is occasionally called "premium-free Component A." Find out more regarding premium-free Part A.


Find out more concerning Component B premiums. With Medicare, you have alternatives in just how you obtain your protection. When you enroll, you'll require to make a decision just how you'll obtain your Medicare coverage. There are 2 primary means: Initial Medicare Original Medicare consists of Medicare Component A (Health Center Insurance Coverage) and also Medicare Part B (Medical Insurance Coverage).

Rumored Buzz on Medicare Faq

When you obtain solutions, you'll pay a deductible [glossary] at the beginning of every year, and also you normally pay 20% of the price of the Medicare-approved solution, called coinsurance. If you desire medicine insurance coverage, you can add a separate medication plan (Part D). Original Medicare spends for a lot, however not all, of the price for protected wellness treatment solutions and also materials.


Plans may offer some added benefits that Original Medicare doesn't cover like vision, hearing, and also dental services. Medicare Advantage Strategies have yearly contracts with Medicare and need to comply with Medicare's protection rules. Medicare FAQ. The plan has to notify you regarding any kind of modifications before the begin of the following enrollment year. Find out about the sorts of Medicare Benefit Program.


They can additionally have various policies for how you obtain services. Discover more concerning just how Medicare Benefit Program work. Medicare medicine protection helps pay for prescription drugs you need. To get Medicare drug coverage, you should join a Medicare-approved plan that provides medication protection (this consists of Medicare medicine strategies and also Medicare Advantage Plans with drug insurance coverage).

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Each plan can vary in expense as well as certain medications covered, but should provide at the very least a standard degree of coverage established by Medicare. Medicare drug protection includes common as well as brand-name medicines. Plans can differ the list of prescription drugs they cover (called a formulary) as well as how they place drugs right into different "rates" on their formularies.


Plans have various monthly premiums. You'll likewise have various other expenses throughout the year in a Medicare medicine strategy.


In 2017, Medicare investing made up 15 percent of total government investing as well as 20 percent of overall national health and wellness investing. The majority of people ages 65 and also over are entitled to Medicare Part A if they or their partner are eligible for Social Security payments, as well as do not need to pay a costs for Component A if they paid payroll tax obligations for 10 or even more years.

A Biased View of Medicare Parts

Enrollees pay monthly premiums and expense sharing for prescriptions, with prices differing by plan. Enrollment in Component D is voluntary; in 2018, 43 million individuals on Medicare were enrolled in a PDP or MA-PD. Of this total, approximately one in 4 receive low-income subsides. Medicare provides protection versus the costs of several healthcare solutions, yet conventional Medicare has reasonably high deductibles and cost-sharing requirements and also places no restriction on beneficiaries' out-of-pocket spending for solutions covered under Components An and B.


5 million beneficiaries that were enrolled in both Medicare Advantage as well as Medicaid). These beneficiaries are recognized as dually eligible recipients due to the fact that they are qualified for both Medicare as well as Medicaid. Many typical Medicare beneficiaries who receive Medicaid (5. 3 million) receive both full Medicaid advantages, including long-lasting services and supports, as well as settlement of their Medicare premiums and expense sharing (What is Medicare).

The Best Guide To Medicare Parts

As policymakers consider feasible modifications to Medicare, it will certainly be necessary to review the possible impact of these adjustments on overall healthcare investing as well as Medicare costs, in addition to on beneficiaries' access to high quality treatment as well as affordable insurance coverage and also their out-of-pocket health and wellness care prices.


Some elements of your care will certainly be continuous whichever plan you choose. Under both choices, any preexisting conditions you have actually will certainly be covered as well as you'll additionally have the ability to obtain insurance coverage for prescription medications. Yet there are substantial differences in the way you'll make use of Medicare relying Medicare Explained on whether you select original or Advantage.

Medicare Advantage plans have come to be significantly popular. Regarding 30 million - or 47 percent of Medicare beneficiaries are enrolled in one of these plans and the typical enrollee has even more than 40 plans to select from.

9 Simple Techniques For Medicare Faq

Under initial Medicare, you can obtain a wide range of medical services consisting of hospitalizations; physician brows through; diagnostic examinations, such as X-rays and also other scans; blood work; and also outpatient surgical treatment. Under Medicare Advantage, you will certainly get all the services you are qualified for under original Medicare. Additionally, some MA intends offer care not covered by the original option.


You should additionally examine if you are qualified for Medicaid or any of the various other help programs Medicare uses to low-income enrollees.


Medicare Component An and also Component B are supplied to you by the federal government. Other components of Medicare are provided via personal insurance companies and also follow regulations established by Medicare. You will certainly register for Components An as well as B on the Social Safety and security Administration internet site. Medicare Component A Medical Facility Insurance Policy Medicare Part An assists cover: Inpatient care in hospitals.

 

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If you approve the automatic enrollment in Medicare Component B, or if you enroll in Medicare Part B throughout the very first 3 months of your preliminary enrollment period, your medical insurance policy protection will certainly start with the month you are very first eligible. If you register during the last 4 months, your insurance coverage will begin from the very first day of the following month.


If you are age 65 or older as well as covered under a group health and wellness plan, either from your own or your partner's present work, you have a special enrollment duration in which to sign up for Medicare Part B. This suggests that you may postpone enlisting in Medicare Part B without needing to wait for a basic enrollment duration as well as paying the 10 percent premium additional charge for late enrollment.

Special enrollment duration policies do not apply if work or employer-provided team health and wellness plan coverage ends throughout your initial registration period. If you do not enroll by the end of the 8-month duration, you will have to wait till the next general registration duration, which starts January 1 of the next year.

The Buzz on Paul B Insurance Medicare Supplement Agent Melville

People choosing when to sign up in Medicare Component B should think about just how this will certainly affect eligibility for medical insurance plans which supplement Medicare insurance coverage. These plans are called Medigap insurance policy. A Medigap plan is a wellness insurance coverage plan, offered by personal insurance coverage business, that helps pay some of the costs that the Original Medicare Plan does not cover.


The open registration duration lasts 6 months. During this period, an insurance coverage business can not deny insurance policy protection, location conditions on a policy, or bill even more for a plan due to past or present health troubles. People age 65 or older with health and wellness protection with an employer or union based upon their or their spouse's existing work might wish to wait to enroll in Medicare Component B and also delay their Medigap open enrollment duration.


If you already have other medical insurance when you end up being eligible for Medicare, you need to ask whether it is worth the monthly costs expense to enroll in Medicare Component B protection. The solution differs with everyone and also the type of other medical insurance you might have. Although we can not offer you yes or no responses, we can provide a couple of ideas that may be helpful when you make your choice.

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This is especially crucial if the plan covers other relative. And equally as Medicare does not cover all wellness services, a lot of exclusive plans do neither. In planning your health and wellness insurance policy coverage, likewise bear in mind that Medicare or private medical insurance plans do not cover most nursing residence treatment.

Group health insurance for companies with 20 or even more staff members are needed by law to offer employees as well as their spouses that are age 65 or older the very same health and wellness benefits that are supplied to younger staff members. If you currently have insurance coverage under an employer-provided team health insurance, you should talk with your personnels office prior to you authorize up for Medicare Part B.


However, if you are an active-duty solution member, or the partner or dependent child of an active-duty why not find out more solution member, you might not have to obtain Medicare Component B as soon as possible. You can get Component B throughout a special registration duration, as well as in many cases you will not pay a late registration charge.

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If you have health treatment defense from the Indian Health And Wellness Solution, Department of Veterans Affairs, or a State clinical assistance program, get in touch with those workplaces to get assist on determining whether it is to your advantage to have Medicare Part B insurance coverage. For additional information on exactly how various other medical insurance plans work with Medicare, phone call or visit online: 1-800-MEDICARE (1-800-633-4227) 1-877-486-2048 Medicare recipients have choices for getting healthcare solutions.


A beneficiary can see any physician or carrier who accepts Medicare and also is accepting new Medicare clients. Those signed up in the Original Medicare Strategy who desire prescription medicine insurance coverage must join a Medicare Prescription Medication Strategy as defined under Prescription Medicine Insurance Coverage, unless they currently have drug protection from an existing or aetna ppo providers previous company or union that goes to least just as good as the conventional Medicare prescription medication protection.

These strategies are handled by Medicare-approved exclusive insurer. They incorporate Medicare Component An and also Part B insurance coverage, and also are readily available in most areas of the nation. A recipient has to have both Medicare Component An as well as Part B, and reside in the strategy's service location, to sign up with a Medicare Advantage Plan. paul b insurance medicare insurance program melville.

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A PPO is a strategy under which a beneficiary utilizes doctors, medical facilities, and also providers coming from discover this a network; beneficiaries can use medical professionals, healthcare facilities, and carriers outside the network for an extra price. Under a Medicare Advantage Strategy, a beneficiary might pay lower copayments as well as receive extra advantages. The majority of strategies likewise consist of Medicare prescription medicine coverage (Component D).


Your Medicare Advantage Strategy would certainly then start January 1 of the list below year - paul b insurance insurance agent for medicare melville. Additionally, the monthly Part C premium can be subtracted from railway retired life or social security benefits paid by the RRB if the beneficiary sends an ask for holding back to his or her Part C plan. You can get more info regarding your health care options from the publication This basic overview is sent by mail after registration in Medicare, with an upgraded version mailed every year after that.




Railway retired life recipients must instead call an RRB office. Palmetto GBA, a subsidiary of Blue Cross as well as Blue Shield, refines clinical insurance coverage (Part B) claims for railway retirement beneficiaries in the Original Medicare Plan. If you remain in the Original Medicare Strategy, your hospital, medical professional, or various other health and wellness care provider need to send Component B claims straight to: Railway Medicare Part B Workplace, P.O.

 

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If you accept the automated enrollment in Medicare Component B, or if you enlist in Medicare Component B throughout the very first 3 months of your first enrollment duration, your clinical insurance coverage protection will certainly start with the month you are very first eligible. If you register throughout the last 4 months, your protection will start from the initial day of the following month.


If you are age 65 or older as well as covered under a team health and wellness plan, either from your own or your spouse's current employment, you have a special enrollment period in which to enroll in Medicare Component B. This implies that you might delay registering in Medicare Component B without needing to await a basic enrollment period and paying the 10 percent premium additional charge for late registration.

Special enrollment period policies do not use if employment or employer-provided group health insurance insurance coverage ends throughout your initial enrollment duration. If you do not register by the end of the 8-month duration, you will have to wait till the next basic registration period, which begins January 1 of the next year.

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People choosing when to register in Medicare Component B need to consider just how this will influence eligibility for health insurance policy policies which supplement Medicare coverage. These plans are understood as Medigap insurance. A Medigap policy is a medical insurance policy, offered by private insurance firms, that helps pay a few of the expenses that the Original Medicare Strategy does not cover.


The open enrollment duration lasts 6 months. Throughout this duration, an insurance coverage company can not reject insurance coverage, area conditions on a plan, or bill more for a plan as a result of previous or present health issue. People age 65 or older with health insurance coverage with a company or union based on their or their partner's existing work might intend to wait to sign up in Medicare Part B as well as delay their Medigap open registration duration.


If you currently have other wellness insurance coverage when you come to be eligible for Medicare, you ought to ask whether it is worth the month-to-month costs price to enroll in Medicare Part B coverage. The response varies with each individual and also the sort of other health insurance coverage you may have. Although we can not offer you yes or no answers, we can offer a few ideas that might be helpful when you make your decision.

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This is especially crucial if the policy covers other household members. And equally as Medicare does not cover all health services, the majority of personal plans do neither. In planning your health insurance policy coverage, additionally remember that Medicare or private wellness insurance policy plans do not cover most nursing home treatment.

Group health and wellness plans for companies with 20 or even more employees are called for by regulation to use workers and their spouses who are age 65 or older the exact same wellness advantages that are provided to younger employees. If you currently have protection under an employer-provided team health insurance plan, you should talk with your human sources workplace prior to you enroll in Medicare Part B.


However, if you are an active-duty service member, or the partner or reliant child of an active-duty service participant, you may not have to obtain Medicare Component B immediately. You can obtain Component B throughout an unique registration period, as well as in many cases you will not pay a late registration fine.

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If you have health treatment defense from the Indian Health Service, Department of Veterans Matters, or a State clinical support program, get in touch with those offices to obtain assist on choosing whether it is to your advantage to have Medicare Part B protection. To learn more on how various other wellness insurance policy prepares collaborate with Medicare, phone call or visit online: 1-800-MEDICARE (1-800-633-4227) 1-877-486-2048 Medicare recipients have selections for getting wellness treatment services.


A beneficiary can see any type of physician or carrier that approves Medicare and also is accepting new Medicare individuals. Those enlisted in the Original Medicare Strategy who want prescription drug coverage must sign up with a anonymous Medicare Prescription Medicine Plan as described under Prescription Drug Coverage, unless they already have medicine coverage from a current or previous company or union that is at the very least as good as the common Medicare prescription drug coverage.

These plans are managed by Medicare-approved personal insurer. They combine Medicare Component An and Component B protection, as well as are offered in many areas of the country. A beneficiary must have both Medicare Component An as well as Part B, and anthem blue cross hmo also live in the plan's solution location, to sign up with a Medicare Advantage Strategy. paul b insurance Medicare Supplement Agent melville.

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A PPO is a plan under which a beneficiary makes use of doctors, healthcare facilities, and also suppliers belonging to a network; beneficiaries can use physicians, healthcare facilities, as well as carriers outside the network for an extra cost. Under a Medicare Advantage Strategy, a beneficiary might pay reduced copayments and obtain added advantages. The majority of strategies also consist of Medicare prescription medicine protection (Part D).


Your Medicare Advantage Strategy would then start January 1 of the list below year - paul b insurance medicare agent melville. The month-to-month Component C costs can be subtracted from railway retired life or social security benefits paid by the RRB if the beneficiary sends a demand for withholding to his or her Part C plan. You can get more info about your health and wellness treatment alternatives from the publication This general guide is mailed after enrollment in Medicare, with hop over to these guys an updated version mailed yearly afterwards.




Railway retirement beneficiaries must instead call an RRB office. Palmetto GBA, a subsidiary of Blue Cross and Blue Guard, refines clinical insurance (Part B) claims for railway retirement recipients in the Original Medicare Strategy. If you remain in the Original Medicare Plan, your healthcare facility, medical professional, or various other healthcare provider ought to send Component B declares directly to: Railway Medicare Part B Workplace, P.O.