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What is Part B late enrollment penalty?

What-is-Part-B-late-enrollment-penalty
05/19/2021
  • Medicare with Melissa

The Part B penalty increases your monthly Part B premium by 10% for each full 12-month period you were eligible for Part B benefits but did not receive them because you never enrolled.  There are two main ways to avoid the Part B penalty and enroll in the right medical coverage at the right time.  You can delay enrolling in Part B, you must have group health coverage through your own or a spouse’s current employer, and have had that coverage – or have had Part B – during the first month you qualified for Medicare. You then must enroll in Part B coverage within the eight months following the last day of the month in which the sooner of these two things happens:

  1. Your or your spouse’s current employment status ends (even if coverage under the group health plan continues).
  2. Your or your spouse’s current employment-related group health plan coverage ends (even if you continue to be employed).

Learn More: Can I get financial assistance to help pay for Medicare?

People Also Read: What are Medicare Enrollment Periods? What is Medicare Tax?

Meet Melissa MacCalla

Medicare is not simple and can be hard, frustrating, and downright confusing for most. I love when I get someone on the phone and I am given the opportunity to explain the difference in plans to them and have Medicare make sense. I enjoy talking to clients year after year, hearing about their families growing or them asking about mine.

-Melissa

Oh my gosh!! I was so confused about the Medicare Supplement process. I am turning 65 soon and am retired and have always had insurance thru my former employer. I didn’t know a thing about going on Medicare and was struggling to sort it all out.

A friend of mine recommended contacting Senior HealthCare Solutions, so I did. Melissa was FANTASTIC!! She was professional, responsive, caring and friendly. She explained the steps I needed to take, gathered my information, helped me choose good plans for MY specific needs and took care of my applications over the phone. 1-2-3, eesy-peesy and I was done!! And it didn’t cost me a DIME!!! WOW!!! I HIGHLY recommend Senior Healthcare Solutions for anyone who’s overwhelmed with making the right choices with Medicare Supplemental Insurance and Rx coverage. It’ll take a load off your mind!

Janice W.

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