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Insurance Planning, Retirement/Decumulation

Medicare Enrollment Penalty Rules

Updated 12/01/2024

Will I Avoid Medicare Enrollment Penalties?

If the Medicare enrollment rules are not followed correctly, clients may be subject to significant penalties. It is important to understand available options, applicable deadlines, and a client’s unique circumstances in order to properly enroll in Medicare and avoid penalties.

To help make this analysis easier, we have created the “Will I Avoid Medicare Enrollment Penalties?” flowchart. It addresses some of the most common issues that clients face, including:

  • Impact of employee headcount for those covered under an employer plan
  • Special Enrollment Period rules
  • Penalties for delaying Part A, B, & D
  • How a creditable drug plan could impact Part D late enrollment penalties
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Health And Life Insurance Policy Issues
Category: Insurance Planning, Client Meetings & Client Service Calendar
Early Retirement Health Insurance Marketplace Issues
Category: Insurance Planning
Medicare Part A & Part B Eligibility Rules
Category: Insurance Planning, Retirement/Decumulation
Medicare Part B & Part D IRMAA Surcharge Rules
Category: Insurance Planning, Retirement/Decumulation
Medicare Automatic Enrollment Rules
Category: Insurance Planning, Retirement/Decumulation
Healthcare In Retirement Issues
Category: Insurance Planning
Medicare Open Enrollment Decisions
Category: Insurance Planning, Client Meetings & Client Service Calendar, Retirement/Decumulation

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Hundreds of other advisors are actively using fpPathfinder. Read what those lovely people have to say about us.
“Our firm had been looking for something like this for so many years. A standardized checklist or flowchart of important issues to consider, and a way to integrate the responses into our system. When we stumbled across your service, I couldn't have signed up any quicker. We now use the checklists to conduct monthly webinars about the all of the important topics”
— An advisor in Texas
“We are delighted with the thoroughness of each chart in simplifying the complex questions and helping lead to an answer. These are indeed a helpful asset in our toolbox for work with clients.”
— Victoria L, an advisor in Massachusetts
“Our team has really liked the charts and were particularly pleased with the traditional IRA vs. 401k for a business and the QBI chart.”
— Scott, an advisor in Oregon
“The resources available are beneficial internally and for clients. The checklists help advisors think outside the box of their knowledge and experience covering a multitude of planning areas. The flowcharts are well laid out visuals for the clients with possible scenarios identified and clear paths to take. fpPathfinders does a nice job updating the resources regularly and communicating to their customer base as well.”
— An advisor in Minnesota
“What you guys have created is pretty badass! I’ve used your material for both client meetings and prospective clients.”
— An advisor in California
“My clients and COIs love these. I’ve shown the medicare IRMAA flowchart to a Medicare consultant I work with and she loved it”
— Steve, an advisor in Ohio
“I love these checklists and flowcharts! They are very useful and helpful in making sure I am covering all (or at least most) points regarding a specific topic.”
— Michael, an advisor in Pennsylvania
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