No. of Recommendations: 1
Here is the link:
https://www.fool.com/reports/your-guide-retiring-wealthier/

5. Make sure you know this critical Medicare rule
Here's the critical point to remember: If you fail to enroll during your initial enrollment period, your Medicare Part B (Medical Insurance) premiums can be permanently increased. Specifically, unless you maintain qualifying coverage through an employer, each full year past age 65 in which you don't enroll will increase your Part B premiums by 10% for the rest of your life. Medicare estimates that someone who waits two full years past their 65th birthday to enroll will end up paying an average of $5,628 more in lifetime premiums, and that doesn't even include the effects of inflation. People who wait even longer to enroll will be penalized more.

Potential savings: $5,628 or more.

TO: Fuskie
Who always assumes he's going to need to use the insurance to make sure if he does in fact need it, it will be there...
When we make assumptions, we should calculate how OFTEN they are right, and how OFTEN they are wrong, and the combined consequences of BOTH sets of circumstances, In other words, the EXPECTED VALUE of the outcome.
Print the post  

Announcements

What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.