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CHAPTER 13

every 12-month period that you were eligible but didn’t sign up. For example, you become eligible for Medicare at age 65, but choose not to enroll in Part B until you are 68. Your penalty will be an increase in your premium by 30 percent (3 12-month periods 10%).

Table 13.6.

Coverage Effective Dates

Initial enrollment period month

When Medicare Part B coverage begins

1

The month you become eligible for Medicare

2

The month you become eligible for Medicare

3

The month you become eligible for Medicare

4 5 6 7

One month after enrollment Two months after enrollment Three months after enrollment Three months after enrollment

SPECIAL ENROLLMENT. A special enrollment period applies only if you are 65 or older and are currently covered by your employer’s group health plan, or your spouse’s employer’s group health plan. If this is the case, you will be able to enroll in Medicare Part B without paying the 10-percent penalty. Right now, the rules allow you the fol- lowing:

  • to enroll in Medicare Part B any time while you are covered under the group health plan

  • to enroll in Medicare Part B during the eight-month period beginning the month your group coverage ends, or the month employment ends, whichever is first

By enrolling in Part B while you are still covered by your group health plan (or during that first month that you aren’t covered), you will have the opportunity to have your Medicare coverage begin either the first day of the month you enroll, or to delay the coverage until the first day of any of the following three months. By enrolling in any of the other seven months of your special enrollment period,

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