Will I be penalized if I do not enroll in Medicare when I turn 65?

You may be penalized in you don't meet certain criteria such a active credible coverage in your state, which may exempt you from enrolling into Medicare while employed and receiving group insurance. Never assume one way or the other. If in doubt, call 1(800)MEDICARE.

Answered by Christopher Boyd on March 4, 2025

Agent Licensed in IN, KY, MI, OH, PA & TN

Answered by Christopher Boyd Medicare Insurance Agent

Only if you do NOT have creditible coverage according to Medicare. Your human resources dept should be able to tell you this.

Answered by Gretchen Morris on March 4, 2025

Broker Licensed in MN, AZ, FL & WI

Answered by Gretchen Morris Medicare Insurance Agent

If you have some form of creditable coverage (medication coverage at least as good as that from a Medicare prescription drug plan), then you can stay on your plan if you like and not incur a penalty. If you do not have an employer group plan with creditable coverage, you could incur a Late Enrollment Penalty for Part B after 12 months and Part D for every month after your Initial Enrollment Period!

Answered by Helena Foutz, RSSA on March 4, 2025

Broker Licensed in CA, AK, AR & 12 other states

Answered by Helena Foutz, RSSA Medicare Insurance Agent

You will not be penalized if you are a spouse is still working and are a part of 20 or more employees. Then there are no penalties.

Answered by Ryan Raphael on March 5, 2025

Broker Licensed in MO, AZ, GA, IL & TN

Answered by Ryan Raphael Medicare Insurance Agent

You certainly could be. You must be able to either prove you have medical and prescription drug coverage or get bothPart A and B and a drug plan Part D

Answered by Mark Maliwauki on March 4, 2025

Broker Licensed in ID, AZ, CA & 15 other states

Answered by Mark Maliwauki Medicare Insurance Agent

If you don’t sign up for Medicare at 65 and don’t have other creditable coverage, you could get stuck with lifelong penalties. Part B costs go up 10% for every year you wait, and Part D has a penalty too if you go without drug coverage. But if you have insurance through work, you might be able to delay without a penalty. It’s best to check ahead of time so you don’t end up paying more later!

Answered by Abbie Choate on March 4, 2025

Broker Licensed in CA & NY

Answered by Abbie Choate Medicare Insurance Agent

You can be penalized if you don't have a creditable coverage plan. Most employer group healthcare plans are creditable. So there is no need worry if you work past 65.

Answered by Deborah Bates on March 6, 2025

Agent Licensed in AZ, FL, MN, NM, TX & UT

Answered by Deborah Bates Medicare Insurance Agent

That all depends on your individual situation and whether or not you are enrolled in a credible health insurance plan in which you would not be required to enroll in Medicare Part B. or involuntary or voluntary disenrolled from a health plan at the time you turn 65 you have a 8 month period to enroll into Medicare Part without having a Part B late enrollment penalty accessed

Answered by Edward Allen on March 4, 2025

Broker Licensed in CA & TN

Answered by Edward Allen Medicare Insurance Agent

A big concern for people as they turn 65 is if they DO NOT enroll in Medicare they will be penalized. It is a common misnomer. The truth is someone will be penalized if (1) They do not enroll in Medicare when first eligible AND (2) They DO NOT have credible coverage from another source (employer, spousal coverage, etc). If you continue to work, or have insurance through your spouse, (as long as it is creditable) you WILL NOT be penalized.

Answered by Charles Wheeler on February 11, 2025

Broker Licensed in MA, CT, FL & 7 other states

Answered by Charles Wheeler Medicare Insurance Agent

Will I be penalized if I do not enroll in Medicare when I turn 65?

Question from a Senior: Will I be penalized if I do not enroll in Medicare when I turn 65?

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Will I be penalized if I do not enroll in Medicare when I turn 65?

Question from a Senior: Will I be penalized if I do not enroll in Medicare when I turn 65?

Related Questions

Agent Locator

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Medicare Agents Hub
A non-government resource website