Losing “creditable coverage,” like some types of employer-based coverage, opens up a special enrollment window for Medicare Part B. You can use the Part B Special Enrollment Period while you have employer-based coverage, or for eight months after you lose your employer-based coverage.
Please note, if you have had more than eight consecutive months without coverage from either current your employer or from Medicare Part B, you will not be eligible for Part B Special Enrollment and must enroll in Part B during the General Enrollment Period which is January 1 through March 31 each year.
FACT: As long as you use the Part B Special Enrollment Period you won’t have to pay a Part B late enrollment penalty.
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