Fact vs. Fiction Archive

Fiction:
There is no penalty if I wait to enroll in Medicare.

Fact:
Although there are exceptions, failing to enroll in Medicare by the deadline could result in penalties that could lead to a lifetime of more expensive premiums. For every 12-month period that you fail to enroll in Medicare Part B, there is a chance that a 10-percent penalty will be applied. There is also a 1-percent per-month penalty if you fail to enroll for Medicare Part D. Failure to enroll could create coverage delays and gaps in medical coverage.




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