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How to Apply for Medicare Online

If you’re within three months of your 65th birthday, it’s time to apply for your hard-earned Medicare benefits! Follow this guide to apply easily online during your Initial Enrollment Period (IEP).

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How to Apply for Medicare Part B

If you enrolled in Medicare Part A when you turned 65 but delayed Part B (if you
kept working and kept your employer coverage) you’ll need to apply for Part B
separately when you’re ready to retire. Begin by visiting the website below.
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Form SSA-7004

This is the form you need to request your Social Security Statement, a summary of your earning history and the benefits you may be eligible for.


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CMS-L564

In order to apply for Medicare in a Special Enrollment Period, you must have or had group health plan coverage within the last 8 months through your or yoavent.
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Penalty Calculators

These calculator tools are merely estimates and are not guaranteed penalty amounts. For accurate and personalized quotes, please schedule an appointment to discuss your situation further.
Plan G vs Plan N
Part B Penalty
Part D Penalty
Plan G vs Plan N

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Medigap Plan G vs Plan N Benefits Comparison

Medigap Benefit Plan G Plan N
Part A deductible and hospital copays, plus an additional 365 hospital daysYesYes
Part B 20% CoinsuranceYesYes, after $20 office visit copay and $50 ER visit copay
Blood (three pints)YesYes
Part A hospice care coinsurance and/or copaysYesYes
Skilled Nursing Facility CopaysYesYes
Part A DeductibleYesYes
Part B DeductibleNoNo
Part B Excess ChargesYesNo
Foreign Travel Emergency Care80%80%
Medicare Part B Penalty Calculator

Medicare Part B Penalty Calculator (2025)

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Medicare calculates the Part B penalty by adding 10% for each full 12-month period that you could have signed up for Part B but didn't. The penalty is added to your monthly Part B premium and is not a one-time fee - you'll pay it for as long as you have Part B. The standard Part B premium for 2025 is $185.00. Generally, you won't have to pay a penalty if you qualify for a Special Enrollment Period (you or your spouse must still be working and have health coverage based on that job).
Formula: Standard premium ($185.00 in 2025) + (10% × number of years) × $185.00
Penalty is rounded to the nearest $0.10
Medicare Part D Penalty Calculator

Medicare Part D Penalty Calculator (2025)

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Medicare calculates the penalty by multiplying 1% of the “national base beneficiary premium” (also called the “base beneficiary premium”) by the number of full, uncovered months the person didn’t have Part D or creditable coverage. The monthly penalty is rounded to the nearest $.10 and added to their monthly Part D premium. The base beneficiary premium for 2025 is $36.78. This amount may change each year, so the penalty amount can also change each year. Medicare uses the current coverage year’s base beneficiary premium to calculate the penalty amount.
Formula: 1% of base premium ($36.78 in 2025) × uncovered months
Penalty is rounded to the nearest $0.10

Disclosure:
Investment advisory services offered through Foundations Investment Advisors, LLC (“Foundations”), an SEC registered investment adviser. Nothing on this website constitutes investment, legal or tax advice, nor that any performance data or any recommendation that any particular security, portfolio of securities, transaction, investment or planning strategy is suitable for any specific person. Personal investment advice can only be rendered after the engagement of Foundations, execution of required documentation, and receipt of required disclosures. Investments in securities involve the risk of loss. Any past performance is no guarantee of future results. Advisory services are only offered to clients or prospective clients where Foundations and its advisors are properly licensed or exempted. For more information, please go to https://adviserinfo.sec.gov and search by our firm name or by our CRD #175083.

This is not endorsed by the U.S. government or associated with any federal Medicare program. This is not endorsed or affiliated with the Social Security Administration or any U.S. government agency.

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