Medicare late enrollment penalties reaching $5k: 5 insights

Medicare enrollment policies continue to confuse consumers, according to a new Eligibility.com study.

Advertisement

Here are five insights:

1. The study found hundreds of thousands of Americans have lifetime enrollment penalties totaling $5,000.

2. Many beneficiaries pay penalties monthly.

3. The study found most penalties are associated with confusion about the Medicare program.

4. Forty-six percent of seniors reported they didn’t know if Medicare part D had late enrollment fees.

5. Some Medicare beneficiaries reported they pay more than $50 monthly in late enrollment penalties.

More articles on coding, billing & collections:
UnitedHealth to exit Georgia, Arkansas exchanges — 5 takeaways
5 things to know about the Obamacare co-ops most likely to fail this year
New York law targeting surprise billing yields positive results — 5 things to know

At the Becker’s 32nd Annual Meeting: The Business and Operations of ASCs, taking place October 29-31 in Chicago, ASC leaders, surgeons and healthcare executives will explore strategies to drive growth, enhance operational performance, navigate reimbursement challenges and prepare for the future of ambulatory surgery. Apply for complimentary registration now.

Register to Attend Webinar

Is ambulatory care healthcare’s big margin engine? 4 leaders weigh in

Wednesday, July 29
1:00 PM - 2:00 PM CDT

Presenters: Joe Ganley, athenahealthJeffrey Flynn, CASC, Gramercy Surgery CenterBryan Tsao, Access Center, Loma Linda University HealthJason Zepeda, Northridge Hospital Medical Center, CommonSpirit HealthGreg DeConciliis, PA-C, CASC, Boston Out­Patient Surgical Suites

Advertisement

Next Up in ASC Coding, Billing & Collections

Advertisement

Comments are closed.