Medicare Supplements

United American has been a prominent Medicare Supplement insurance provider since Medicare began in 1966. Additionally, we’ve been a long-standing participant in the task forces working on Medicare Supplement insurance policy recommendations for the National Association of Insurance Commissioners.

Insurance Products

When you become a United American policyholder, you gain freedom of choice. Our products allow you to keep your choice of trusted doctors and hospitals. 

Group Insurance

United American Insurance Company has been a market leader in providing insurance to employer and union group sponsors for 25 years.

Resources

One of the many things United American is well-known for is our superior customer service. When it comes to your health, we believe education, service, and support are vital. With our experience and stability, we’re the Company that does what it says it will do.

File A Claim

Because of our 50+ years of experience in providing life, supplemental health and Medicare Supplement insurance, United American offers superior customer service to both our agents and customers.  Never stress about your claim status with our online claim tracker. Need more help? Let one of our licensed agents assist you.

Contact

At United American, we only provide knowledgeable and licensed agents to service you. Say goodbye to wasted hours spent on hold and bid good riddance to talking to artificial intelligence. Hear a live voice or get one-on-one time with one of our licensed agents today.

Call Today:  844-593-8913

Will I Be Penalized for Not Signing Up for Medicare at 65?

Will I Be Penalized for Not Signing Up for Medicare at 65?
You may be approaching retirement age, and trying to keep on top of key deadlines to sign up for Medicare to take full advantage of your rights and privileges as a Medicare beneficiary and avoid paying any penalties. While it is true you may be penalized for not signing up for Medicare Part B on time, it is also entirely possible to avoid having to.
 
This article will detail what the Part B late enrollment penalties are and how you can avoid them.

What are the Medicare Part B late enrollment penalties?

Generally speaking, if you do not sign up for Medicare on time, you may have to pay a 10% surcharge on Medicare Part B premiums for each year you go without coverage starting the month you’re eligible for coverage.1
 
You'll have to pay this penalty each time you pay your premiums as long as you have Part B. The longer you wait to sign up for Part B coverage, the more the penalty continues to increase.1
 
To prevent having to pay Medicare Part B late enrollment penalties, sign up for Medicare when you’re first able.

When am I first eligible to enroll in Medicare?

Usually, during your Initial Enrollment Period (IEP) is when you’re first able to sign up for Medicare.
 
Your IEP lasts for seven months:2
  • three months prior to when you turn 65,
  • the month you turn 65, and
  • three months after your turn 65.
Some Seniors may also choose to delay signing up for Medicare Part B and keep their current group health insurance coverage, which you’re able to do provided you have coverage under a group health plan through an employer with 20 employees or more.3
 
If this applies to you, you’ll sign up for Medicare Part B during something that is called a Special Enrollment Period, or “SEP.”

Special Enrollment Period for when you leave your job after turning 65 and have delayed enrolling in Medicare.

You get an eight-month SEP to sign up for Medicare when you leave your job after turning 65.2 Signing up during this SEP ensures you will not have to pay Medicare Part B premium surcharges.
 
You’re also eligible to sign up for Medicare during this eight-month SEP if you delayed enrolling in Medicare Part B because you were covered under your spouse’s employer-provided group health insurance.2

Get a Medicare Supplement plan that allows you to choose your doctor.

Our licensed agents can help you pick a plan based on your needs.

Avoid penalties for not signing up for Medicare Part B.

Generally speaking, you may have to pay a 10% surcharge on Medicare Part B premiums for each year you go without signing up for Medicare Part B coverage starting the month you’re eligible for coverage.1
 
You'll have to pay this penalty each time you pay your premiums as long as you have Part B. The longer you wait to sign up for Part B coverage, the more the penalty continues to increase.1
 
Avoid these penalties by signing up for Medicare Part B during your Initial Enrollment Period (IEP) or, if it applies to you, your Special Enrollment Period (SEP).
 
Learn more about Medicare at medicare.gov, and speak to a licensed insurance agent to get one-on-one help navigating the complexities of Medicare.
 
Sources:
  1. medicare.gov, Part B late enrollment penalty, 2021
  2. medicare.gov, When does Medicare coverage start?, accessed November 2021
  3. medicare.gov, Working past 65, accessed November 2021