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Avoiding Medicare’s Late Enrollment Penalty - Motley Fool

Just as Social Security is the nation’s foundational retirement financial program, Medicare is America’s foundational healthcare program for seniors aged 65 and over. Medicare, however, can be tricky, especially if you miss the Initial Enrollment Period which starts 3 months before the month you turn 65 and ends three months after you turn 65. Not enrolling during that initial period could result in substantial late enrollment penalties for enrolling later. There are some exceptions that allow you to avoid the Late Enrollment Penalty, as explained in this Motley Fool article by Maurie Backman. Click here to read more.

Also, if you’re unsure about how these basics apply to you, or if you have any questions about your individual situation under Social Security, note that the AMAC Foundation provides a free-to-the-public advisory service to help Americans navigate the complexities of this program. All questions are answered quickly, at no charge. Learn more about it here…

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Comments On This Topic

    • Hector,
      I assume you are referring to H.R. 7084, the “You Earned It, You Keep It Act, introduced on the House floor earlier this year. To date, this bill has attracted only 10 co-sponsors and was referred to the House Ways and Means Committee for consideration. To date, the Committee has taken no action on the bill. If you wish to see the names of the House Representatives who have become supporting co-sponsors of the bill, please go to this link and click on the “Co-sponsors” tab:
      Russell Gloor
      National Social Security Advisor
      The AMAC Foundation

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