Turning 65? Medicare Deadlines and 2026 Costs Explained Simply

Turning 65? Medicare has strict sign-up deadlines and lifetime penalties. Here are the official 2026 numbers: Part B premium $202.90/month, Part B deductible $283, Part A deductible $1,736, IRMAA tiers starting above $109,000 single / $218,000 joint (based on 2024 income), and the 7-month Initial Enrollment Period. Chapters: 0:00 Why the Part B deadline matters 0:37 65 is the Medicare age, not 67 1:06 Parts A, B, C and D 1:33 Your 7-month Initial Enrollment Period 2:04 2026 costs 3:07 IRMAA 4:14 Working past 65 and COBRA 5:11 Late-enrollment penalties 5:51 Original Medicare vs. Medicare Advantage 6:29 Common mistakes 6:54 Meet Jim (fictional example) 7:42 Checklist 8:21 Recap Sources: CMS 2026 Parts A & B premiums and deductibles: https://www.cms.gov/newsroom/fact-sheets/2... Medicare Costs 2026 (PDF): https://www.medicare.gov/publications/1157... SSA Medicare premiums / IRMAA: https://www.ssa.gov/benefits/medicare/medi... When to sign up: https://www.medicare.gov/basics/get-starte... Part B late penalty: https://www.medicare.gov/basics/costs/medi... Disclaimer: Education and general information only, not financial, insurance or medical advice. This channel is not a licensed advisor or agent.