Late enrollment penalties are typically enforced either when you do not enroll during your initial enrollment period, or how long you wait to enroll after no longer being covered by a group health plan. Medicare Part A Late Enrollment Medicare Part A’s premium can be free if you receive Social Security or disability benefits and …
Many people qualify for Original Medicare and will be automatically enrolled close to their 65th birthday. Those that are automatically enrolled and do not wish to make any changes will not need to do anything else. Those that wish to enroll in Medicare Advantage or do not automatically qualify have a few different enrollment options. …
Medicare’s Annual Enrollment Period is when anyone can begin enrollment or make changes to their Medicare plan. It’s a period that lasts a little under two months and allows for modification and flexibility. When Is the Annual Enrollment Period? The Annual Enrollment Period (AEP) begins October 15th and ends December 7th. Keeping this time frame in …
Many of Medicare’s different policy options have set periods where it is best to enroll. In fact, many people are forced to pay late enrollment penalties when they fail to enroll during those periods. This is what you need to know to avoid Medicare’s late enrollment penalties. Medicare Part A Late Enrollment Penalty If you …
How Can I Avoid Medicare’s Late Enrollment Penalty Read More »
When signing up for Medicare or changing coverage, there are various enrollment periods to take note of to ensure you avoid late enrollment penalties. Cornerstone Senior Advisors knows how challenging it can be to keep track of all these enrollment periods. That’s why we have broken them down for you. Initial Enrollment Period The Initial …
