What Happens If I Miss Medicare Enrollment?
If you miss your Initial Enrollment Period and don't qualify for a Special Enrollment Period, you may face a permanent late enrollment penalty and a gap in coverage until the next General Enrollment Period.
Frequently Asked Questions
- How much is the Part B penalty?
- The penalty is 10% of the standard Part B premium for each full 12-month period you could have had Part B but didn't sign up. This surcharge is permanent.
- Is there any way to avoid the penalty?
- Yes. If you had creditable employer coverage based on active employment during the gap, you may qualify for a Special Enrollment Period and avoid the penalty.
- When is the General Enrollment Period?
- The GEP runs from January 1 through March 31 each year. Coverage begins the month after you sign up.