Your Retirement Account Could Get an Infusion of Cash Under This Plan

MarketWatch

Avoid the 10%-per-year penalty for not enrolling in Medicare — know these rules

Contrary to what many people believe, not all Americans are automatically enrolled in Medicare at age 65, which means when the calendar flips closer to your 65th birthday, it’s time to pay attention to enrollment rules to avoid hefty, sometimes permanent penalties. Retirement Tip of the Week: Not sure when you’re officially allowed to enroll in Medicare, or if you already missed the deadline? Medicare Part A, which covers hospital insurance, is typically free of premiums for individuals who have worked at least 40 quarters of any job where they paid payroll taxes into Social Security and Medicare.