MEDICARE PART B ENROLLMENT PERIOD

Medicare Late Enrollment Ends March 31

Submitted by April Lujan, The Health Insurance Store New Mexico Manager

March 11, 2017

Did you know that if you miss your enrollment period when you turn 65 you may be subject to a penalty for the rest of your life? People turning 65 have a 7-month window in which they must apply for Medicare Part B; 3 months prior to, the month of, and three months after your 65^th birthday.

If you fail to enroll during that time you could be subject to a 10% penalty for each 12-month period, you did not enroll. If you fail to enroll in part B during your 7-month eligibility period, you may have to wait until the following year to enroll.

The late enrollment period for part B is from January 1^st through March 31^st and you will not actually receive your part B benefit until July of the year you applied for part B. In addition to the part B penalty, you may also get a part D penalty of 1% of the total premium for the rest of your life, if you also fail to enroll in a prescription plan while you’re eligible.

Don’t navigate through Medicare alone, let the licensed and certified agents at the Health Insurance Store help you. Our services are always free and friendly so please don’t hesitate to call us today 505-200-0069 or email me at April@getyourbestplan.com

Make certain to listen to the “Health Insurance and Medicare Hour” hosted by April Lujan every Wednesday morning at 10am on KSWV Que Suave Radio 99.9FM 810AM.