Medicare Enrollment Mistakes You Can't Undo - Don't Miss This Deadline

Описание: LIFETIME PENALTIES start the moment you miss a Medicare deadline. Part B late enrollment = 10% penalty per year delayed × FOREVER. Part D = 1% per month late. These mistakes cost tens of thousands over decades—and they're irreversible.

2026 CRITICAL DEADLINES YOU CANNOT MISS:

🚨 Initial Enrollment Period - 7-month window (3 months before, month of, 3 months after turning 65)
🚨 Part D 63-Day Rule - Lose creditable drug coverage? You have 63 days max
🚨 8-Month SEP - After losing employer health insurance (working past 65)
🚨 2.6 Million MA Plan Terminations - Medicare Advantage users must act by March 31
🚨 Open Enrollment - January 1 to March 31, 2026 for all beneficiaries

REAL COST EXAMPLE:

Late Part B by 24 months = 20% penalty FOREVER

$202.90 × 1.20 = $243.48/month

$43,000+ lifetime cost for one mistake

What happens if you miss:
✓ Part B penalty = 10% × years late (permanent, grows with inflation)
✓ Part D penalty = 1% per month late (5-month lookback period)
✓ Employer coverage gap = forced into high-deductible plans
✓ Creditable coverage trap = no documentation = penalties apply
✓ MA plan termination = scramble to find new plan mid-year
✓ Special Enrollment Periods = only option (strict eligibility)
✓ Guaranteed-issue Medigap = only available if MA plan terminates

This video covers:

Initial Enrollment Period: the 7-month window explained

Part B late enrollment penalty: 10% per year (how it compounds)

Part D 63-day rule: why documentation matters

Creditable coverage definition and the documentation disaster

8-month window after losing employer coverage

2026: 2.6 million Medicare Advantage plan terminations

What to do if your MA plan is being terminated

Guaranteed-issue Medigap rights (limited window)

Special Enrollment Periods (when they actually apply)

Working while on Social Security (earnings test)

IRMAA surcharges (income thresholds)

Medicare Advantage Open Enrollment vs. General Enrollment

Part A early enrollment (before 65)

State Health Insurance Assistance Programs (SHIP)

Appeals and exceptions (rare, but possible)

Immediate action steps for 2026

Timestamps:
0:00 - Why Medicare penalties destroy decades of income
1:30 - Initial Enrollment Period: the 7-month critical window
3:45 - Part B 10% penalty: how it works forever
5:20 - Part D 63-day rule: the documentation trap
7:00 - Creditable coverage: what you need to prove
8:45 - 8-month window after losing employer insurance
10:30 - 2.6 million MA plan terminations in 2026
12:15 - What to do if your plan is terminating
13:50 - Guaranteed-issue Medigap rights (limited)
15:20 - Special Enrollment Periods (strict rules)
16:45 - Working past 65 and Medicare rules
18:00 - IRMAA income thresholds and surcharges
19:30 - What to do RIGHT NOW before deadlines

Perfect for: Anyone turning 65, working past 65, on Medicare Advantage, or with family members enrolling.

SAVE THIS VIDEO - Medicare deadlines repeat. Share with anyone who needs it.

DISCLAIMER:
This video is for educational purposes only and does not constitute professional medical, legal, tax, or insurance advice. Medicare enrollment rules, deadlines, penalties, plan options, and requirements are complex and subject to change. The information provided reflects 2026 Medicare guidelines from the Centers for Medicare & Medicaid Services (CMS) and Social Security Administration and may not apply to all individuals or circumstances. Your personal Medicare situation depends on factors including your age, employment status, current health insurance coverage, income level, state of residence, and individual health needs. Penalties, eligibility dates, and enrollment windows may vary based on life circumstances and qualifying events. For accurate, personalized information about Medicare enrollment, deadlines, plan options, appeals, and penalties, visit Medicare.gov, call 1-800-MEDICARE (1-800-633-4227), or contact your State Health Insurance Assistance Program (SHIP). For employer coverage and creditable coverage questions, contact your HR department or benefits administrator. The creator and this channel are not liable for enrollment decisions, missed deadlines, or penalty assessments based on this video's content.

#Medicare #MedicareEnrollment #HealthInsurance #RetirementPlanning #SeniorHealth #Deadline #MedicareDeadline #HealthcareEducation #PersonalFinance #FinancialPlanning #MedicareAdvantage #RetirementMistakes #MoneyManagement #SeniorCitizens #healthcarecosts