If you don’t enroll in Medicare at 65, and you don’t have another form of creditable coverage, then you’ll be penalized for not enrolling when you were first eligible. You’ll be penalized 10% of the standard Part B premium for every 12 months you went without coverage. You’ll also be penalized 1% of the standard Part D premium per month you delayed coverage. These penalties will be added to your monthly premiums for the rest of your life.If you’re not sure what Medicare enrollment periods you’re eligible for, or currently in, give us a call. Our agents are here to help you navigate the complexities of Medicare. You can also complete our rate form to get rates in your area.