Will my Medicare Part B be paid by the state of N.J.?

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Q. I am almost 65. I retired on ordinary disability from New Jersey with 18 years of service. Will my Medicare Part B premium be paid by the state of New Jersey?
— Curious

A. This isn’t an easy one to answer because it depends on a number of factors, some of which are unique to each retiree.

To give you an idea, Martisha Patterson, a certified financial planner with Peapack Private Wealth Management in Morristown, said you need to consider, among other things, what state agency you worked for and the terms of the applicable bargaining agreement.

Also considered are your start date, years of service and the date of retirement or when disability began, she said.

“For the best and most accurate information, we recommend contacting the New Jersey Division of Pensions and Benefits directly,” she said.

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This story was originally published on Jan. 11, 2022.

NJMoneyHelp.com presents certain general financial planning principles and advice, but should never be viewed as a substitute for obtaining advice from a personal professional advisor who understands your unique individual circumstances.