Here's What Happens When You Don't Sign Up for Medicare On Time

Contributing sentiments towards policy:

66% : You should also know that if you're collecting Social Security benefits prior to age 65, you'll automatically be enrolled in Medicare (Parts A and B) starting the first day of the month you turn 65.
62% : Social Security eligibility begins at age 62, so it's possible to collect benefits for several years before becoming eligible for Medicare coverage.
60% : If you sign up for Medicare during that initial window, but after your 65th birthday, your coverage will be retroactive to your 65th birthday.
56% : How Medicare enrollment worksYour initial window to enroll in Medicare spans seven months.
56% : As such, it pays to read up on Medicare so you know exactly when to enroll.
54% : Many people can't wait until their 65th birthday to arrive so they can obtain health coverage through Medicare.
54% : But that's not the only problem with failing to enroll in Medicare on time.
54% : So Part B surcharges aside, it pays to enroll in Medicare when you're supposed to if you don't have a group health plan to fall back on.
51% : In some cases, failing to enroll in Medicare on time could negatively impact your finances for the remainder of your retirement, so it's important to not only know the rules, but follow them.
51% : But failing to enroll in this situation could leave you paying more for Medicare throughout retirement.
47% : But then there are some people who don't sign up for Medicare when they're initially eligible to do so.
42% : Also, if you don't enroll in Medicare and also don't have group health coverage, you may be inclined to neglect health issues that should really be brought to the attention of a provider.

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