Is There a Late Enrollment Penalty for Medicare?


Quick Answer

There are late enrollment penalties for both Medicare Part D and A, according to Medicare.gov. Recipients ordinarily eligible for premium-free Medicare Part A who fail to buy the plan when they first become eligible may pay up to 10 percent more for coverage for the first four years of coverage.

Continue Reading
Related Videos

Full Answer

Similarly, a recipient who goes without Part D prescription drug coverage for 63 days or more pays a penalty along with his monthly Medicare Part D premium, notes Medicare.gov. The cost depends on the length of coverage lapse. Medicare calculates the penalty by multiplying 1 percent of the national base premium by the number of uncovered months. For 2015, the national base premium is $33.13.

Learn more about Health Insurance

Related Questions