Will I Avoid Medicare Enrollment Penalties?
If the Medicare enrollment rules are not followed correctly, you may be subject to significant penalties. It is important to understand available options, applicable deadlines, and your unique circumstances in order to properly enroll in Medicare and avoid penalties.
To help make this analysis easier, we have created the “Will I Avoid Medicare Enrollment Penalties?” flowchart. It addresses some of the most common issues that you may face, including:
Impact of employee headcount for those covered under an employer plan
Special Enrollment Period rules
Penalties for delaying Part A, B, & D
How a creditable drug plan could impact Part D late enrollment penalties
Robert J. Pyle, CFP®, CFA, AEP® founded Diversified Asset Management, Inc., in 1996 to provide personalized, comprehensive wealth management services to successful individuals, families, single women, and business owners. His specialty is addressing the complex financial needs of self-employed professionals, corporate executives, and small-business owners. Our disclosure can be found here. The views, opinion, information, and content provided here are solely those of the respective authors, and may not represent the views or opinions of Diversified Asset Management, Inc. Diversified Asset Management, Inc. cannot guarantee the accuracy or currency of any such third party information or content, and does not undertake to verify or update such information or content. Any such information or other content should not be construed as investment, legal, accounting, or tax advice.