Turning 65 is a milestone that makes you eligible for Medicare, but the timing of your enrollment can significantly impact your first bill. Many new beneficiaries are caught off guard when their ...

A first Medicare bill may be higher than expected due to the number of months the bill covers, late enrollment penalties, or because a person earns above a certain amount and must pay a surcharge.

Amanda Vining is a writer for Investopedia with 15 years of experience covering personal finance, including stories for Glam, MSNBC, Heavy, and Narcity. Based in Florida’s Gulf Coast, Amanda has ...