Can You Defer Medicare Coverage?
Since Medicare is not compulsory, anyone can defer it when they think this insurance plan does not bring any advantage. However, it is important to know that most people do benefit more or less from Medicare during the initial enrolment period. Specific benefits may include:
– Medicare Part A pays for hospital costs. This part can be deferred because there is usually no expense when you enroll.
– Medicare Part B pays for outpatient expenses. You need to pay a monthly premium, which may depend on your income level. This part can be deferred as well. Nevertheless, there would be huge penalties, in certain cases. [1]
