Benefits

Miss the Medicare window and you pay for it forever

Most deadlines cost you a late fee. This one adds a percentage to a bill you will pay every month until you die.

4 August 2026Benefits

Medicare enrollment runs on dates, not on when you get round to it. Miss the first window without a valid reason and the penalty follows you.

Your first window

The Initial Enrollment Period runs seven months. It opens three months before the month you turn 65 and closes three months after it.

Turn 65 in October and it runs 1 July to 31 January. That is the whole window. Nobody chases you.

The other windows

WindowDatesWhat it is for
Initial Enrollment7 months around your 65thSigning up on time
General Enrollment1 January to 31 MarchThe catch-up window if you missed
Annual Enrollment15 October to 7 DecemberChanging plans, not first signup
Medicare Advantage Open1 January to 31 MarchSwitching or dropping Advantage
Special EnrollmentTriggered by an eventLosing job cover, moving, other cases

What the penalty costs

Part B adds 10% to your premium for each full 12-month period you could have enrolled and did not. The standard Part B premium is $202.90 a month in 2026.

Wait two years and you pay 20% more. Every month. For as long as you hold Part B, which for most people means the rest of their life.

Why this catches people

Working past 65 with employer cover is a valid reason, and it opens a Special Enrollment Period. Retiring early and deciding to skip Part B is not. The second group finds out years later.

The three that get missed

More on that last one here.

What to do

Find the month you turn 65 and count back three. That is your date. Put it somewhere you will see it.

If you have employer cover past 65, confirm in writing that it counts as creditable. Then confirm the Special Enrollment Period deadline the day that cover ends.

Sources

Figures are the published prices and public averages named above, correct at the date on this page. Nothing here is legal, tax, medical or financial advice. Prices change and companies fail.