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Caveat, not an insurance agent.This answer pertains to Part B only. If the self employed person's company has 20 employees or more, that is considered a group plan for Part B and a person on that plan can stay on it and defer Part B. Self employed does not necessarily mean sole proprietor. A person can be self employed and have employees.
Not referring to Group Plans in general, only with regards to Part B. Read it again.
The term GHP refers specifically to a group health plan based on the current employment status of the beneficiary or the beneficiary’s spouse. The GHP can be of any size, however when referring to a GHP for the disabled, the term refers to a plan of any size below 100 employees, |
If a “self employed” person’s company has 20 employees, that is not a self employed person.This answer pertains to Part B only. If the self employed person's company has 20 employees or more, that is considered a group plan for Part B and a person on that plan can stay on it and defer Part B. Self employed does not necessarily mean sole proprietor. A person can be self employed and have employees.
This is not true.Less than 20 employees cannot defer Part B.