Do I have to Sign Up for Medicare at Age 65?
You don’t have to sign up for Medicare at age 65, but delaying enrollment can have serious financial consequences. If you’re still working and have employer health coverage, you can delay Medicare enrollment without penalty through a Special Enrollment Period that extends eight months after your employment or coverage ends, whichever comes first. However, if […]
Why is my first Medicare bill so high?
There can be several reasons. Medicare generally bills in 3-month increments if you don’t have your premiums automatically deducted from Social Security. Beneficiaries are responsible for multiple Medicare costs, including monthly premiums, deductibles, and coinsurance or copayments. Most Medicare beneficiaries collect Social Security benefits, and for these enrollees, Medicare premiums are deducted from their monthly […]