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Signing up late for Medicare Part B can trigger a lifelong penalty Seniors are advised to do research on Medicare because missing the deadline for enrollment in the program could mean a lifelong penalty, in some cases, of 10% of Medicare Part B premium for every year they have not enrolled, according to this article on Los Angeles Times. The seven-month enrollment kicks in three months before they turn 65 and extends through three months after their birth month. Those who have filed for retirement benefits at 65 are automatically enrolled for an insurance package that covers both Medicare Part A and Part B, but those who have deferred their benefits have to enroll themselves into the program. --Los Angeles Times
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