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Medicare

Medicare
Initial Enrollment Period
Penalties Diagram


by Vaughn Aubuchon

APPLY EARLY, or be PUNISHED SEVERELY
Here is a table which shows you the earliest that you can enroll in Medicare, and how individuals are punished, if they failed to register during their Initial Enrollment Period.

YOU MUST KNOW about your "Initial Enrollment Period".
If you don't, you get screwed. Nobody told me anything about this.

If you miss your IEP, you are punished 4 WAYS -
1. You will suffer a PENALTY of NO COVERAGE, until you ARE able to enroll, on the next Jan. 1

2. There is an EXTRA 3 to 6-month waiting period until your insurance will go into effect,

3. Your Part B premium will be increased by 10% (cumulative penalty), and

4. The earlier in the year your birthday is, the more you are punished.

Click on the Chart to expand

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Medicare Enrollment - Waiting Period vs. Application Date


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Disclaimer
The author is not perfect, and errors can occur. I compiled the Medicare enrollment information above. Please check any questioned data for yourself, by visiting the official Medicare Website.
Determine your own personal, detailed initial enrollment period at the official Medicare website.

If you are knowledgable in this area, and you find any errors, report them to me, and I will fix them.
.

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This Vaughns Medicare Initial Enrollment Period
webpage was last updated on 2018-06-14.