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Chapter 12. Medicare > Enrollment

Enrollment

If you are already receiving Social Security benefits, you do not have to do anything to enroll in Medicare A and B. You will be automatically signed up as of the month you turn sixty-five. At that time you can opt out of Medicare B coverage. There are possible serious consequences to doing so, however, because for every 12 months that you would have been eligible for Medicare B but did not choose it, the cost of your premium goes up by 10%. So if you waited three years to enroll in Medicare B, your premium would be 30% higher than the amount you would have initially paid.

The increase of premium for people who delay enrolling in Medicare B does not apply if you have group health plan coverage through employment.



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