Late Medicare Enrollees Face Steep Penalties. If a New Bill Passes, That Could Change.

Late Medicare Enrollees Face Steep Penalties. If a New Bill Passes, That Could Change.

Medicare eligibility begins at 65, and seniors' initial enrollment window begins three months before the month of their 65th birthday and ends three months after that month. Signing up for Medicare Part B beyond that point, however, can result in costly lifelong penalties. Signing up for Medicare late means facing extra costs on a permanent basis.