You Could be Gaining a Medicare Late Penalty Without Even Knowing it!

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Imagine being assessed a 70% late penalty for Medicare Part B simply because you didn’t know when you were supposed to sign up. Sometimes these penalties can add up to thousands of wasted dollars over your lifetime, so I’ll share with you some best practices for avoiding these penalties all together.

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You Could be Gaining a Medicare Late Penalty Without Even Knowing it!

 

10 thoughts on “You Could be Gaining a Medicare Late Penalty Without Even Knowing it!

  1. What Happens If I Am Enrolled In Veterans Health care ? That Is Free To Me Except For Very Small Co-payments, Much Smaller Co-payments Than Medicare Prescription Co-payments And Smaller than Other Co-payments to see Doctors and or Specialists? I Still have a couple years to go before 65 but SS already took 25% of My SS Payment cause I Worked some years in State Service /Nevada.That was a Chunk And I Do Not Relish 144.00 More Being Taken Out While The VA Healthcare Serves As My Provider for Prescriptions ,Doctors,Specialist,Hospital stays Already. Any Advice or recommendations would e most appreciated.

  2. In the example given at 4 minutes, you start losing money when you turn 78 years old. Be aware that that statement is not adjusted for anything like price increases or inflation.

  3. I am 65 and still working. I am still covered under my employer group plan. I am enrolled in part A. Will I incure a penalty for not signing up for part B or D?

  4. I am really disappointed that you do not have an agent in NY. After you sold me on using you for my plan, I call and I am told you do not have an agent, not happy you should have someway to indicate that!

  5. My mother is 72 and still working. She has insurance through her job but she collects social security. She plans on fully retiring this year and has never dealt with medicare. Will this affect her social security check and benefits when she applies? Will she be penalized? She also has moderate to severe renal failure.

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