To avoid Late Enrollment Penalties, it’s typically recommended that you enroll into both Medicare Parts A and B during your Initial Enrollment Period if any of these situations apply to you:
- You are retired and receiving social security benefits;
- You get health insurance from your or your spouse’s employer, and that employer has fewer than 20 employees;
- You are currently using COBRA or retiree insurance from a previous job;
- You are enrolled in an individual health insurance plan such as an ACA or Marketplace plan;
- You rely on short-term insurance or have no insurance at all;
- You have VA health coverage; or
- You have TRICARE coverage and are retired
