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Retirement / Decumulation, Insurance Planning, Life Events

Will I Avoid Medicare Enrollment Penalties?

Updated 12/1/2023

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
Related Guides
If I Retire Early, Should I Buy Health Insurance Through The Health Insurance Marketplace?
Category: Retirement / Decumulation, Insurance Planning
What Issues Should I Consider Before I Retire?
Category: Retirement / Decumulation, General, Life Events
Will I Avoid IRMAA Surcharges On Medicare Part B & Part D?
Category: Retirement / Decumulation, Insurance Planning, General
Will I Be Enrolled Automatically In Medicare?
Category: Retirement / Decumulation, Insurance Planning, Life Events
Should I Change My Medicare Coverage During Open Enrollment?
Category: General, Retirement / Decumulation, Insurance Planning, Life Events

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— Roger Whitney, CFP®️, CIMA®️, CPWA®️
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— Kate, an advisor in Florida
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