Toni Says: Waiting too long to enroll triggers Medicare penalty

Dear Toni: I lost my job in October 2021 due to COVID layoffs, and my wife and I are now enrolling in Medicare Part B since the company-paid 18 months of COBRA is almost over. We are now 70 years old and the Part B penalty for each of us is 50 percent since it has been five years since we were 65 and enrolled in Medicare Part A. Please inform your readers how important it is to…