How do I avoid a Part B late enrollment penalty when already on Medicare?
When already on Medicare, understanding how to avoid a Part B late enrollment penalty depends on your current coverage, employer size, and enrollment timing.
Frequently Asked Questions
- Can I change plans?
- Yes. During Open Enrollment you can switch Medicare Advantage plans, change Part D plans, or switch between Original Medicare and Advantage.
- What is IRMAA?
- The Income-Related Monthly Adjustment Amount is an extra premium surcharge for higher-income beneficiaries on Part B and Part D.
- Do I need to re-enroll each year?
- No. Your Medicare enrollment continues automatically. You only need to take action if you want to change plans during enrollment periods.