Wondering how to avoid lifelong Medicare penalties? Making a mistake when transitioning to Medicare or deciding whether to stay on your group Health insurance coverage can cost you for the rest of your life.
At Cardinal Advisors, our goal is to get you in the best spot possible—even if our advice is to do nothing and stay on your employer’s group coverage for now!
Frequently Asked Questions (FAQ)
– Can you delay signing up for Medicare if you have group coverage?
Yes, if you have qualifying group health coverage through an employer, you can often delay enrolling in Medicare without facing late enrollment penalties. However, rules vary based on employer size, so it’s critical to verify your status to avoid permanent premium hikes.
– What happens if you miss the Medicare enrollment deadline?
If you miss your initial or special enrollment window without qualifying employer coverage, you may have to pay a permanent late enrollment penalty. This penalty is added to your monthly premiums for as long as you have Medicare.
– How can I find out the best Medicare strategy for my situation?
Because everyone’s Retirement and Employment situation is different, consulting with a professional can help you navigate the rules and avoid costly mistakes. We analyze your current coverage to ensure you make the right choice at the right time.
Contact Us
Questions? Email us at [email protected], call us at (919) 535-8261, or visit our website at https://cardinalguide.com/.
