How to avoid Medicare penalties

1. How to avoid Medicare penalties Some people are enrolled in Medicare Part B, while others have to sign up. In most cases, if you don’t sign up for Part B when you’re first eligible, you’ll have to pay a late enrollment penalty for as long as you have Part B. Whether you stick with the only or choose to buy a private plan, you must continue to pay your Medicare Part B premium each month. Medicare advantage plan This penalty is added to your monthly Part D premium and you’ll have to pay it for as long as you have a Medicare drug plan. Here are the things to avoid medicare penalties:- Enroll in Medicare drug coverage when you're first eligible Keep records showing when you had other creditable drug coverage Enroll in Medicare drug coverage if you lose other creditable coverage