Unfortunately that’s true. If you don’t sign up when your eligible, the gubberment penalizes you.
They want you to have 'insurance' on your insurance.
Unfortunately that’s true. If you don’t sign up when your eligible, the gubberment penalizes you.
With regards to Medicare, when I signed up, I had heard of the policy that if one didn't take Part B on signup, then one was penalized for each month that one was without that part. Sadly, they didn't tell me that the same applied to Part D, so we get to pay a penalty for each of 14 months when I was without prescription drug coverage. That penalty is charged each and every month.
So, I tell everyone that when signing up for Medicare, be sure and sign up for both B and D. Granted, there may be a method by which one can delay signing up for those two plans, but I'm not sure it is worth the trouble.
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