As your local Medicare advisors, we are dedicated to clearing up the confusion around Medicare and helping you find the coverage that works best for you.
Medicare-eligible individuals typically fall into one of three categories:
Of course, the circumstances for enrolling are different for each of these categories. Keep reading to learn more.
If you’re turning 65 soon, then enrolling in Medicare is easy! If you are already drawing Social Security Income, Part A and Part B will start automatically for you.
What if you’re not drawing Social Security yet?
You have a 7-month period that begins 3 months before your birth month and ends 3 months after your birth month during which you can enroll in Medicare.
It is important to know that if you wait beyond this point, you will have to wait for an enrollment period, and, after 3 months (if you have no other qualifying coverage) there could be life-long penalties.
If you are older than 65 and are leaving or recently left your employer plan you will need to show Medicare that you had prior, qualifying coverage so that you are not charged a penalty.
If you opted for COBRA (continuation of employer insurance), you MUST still apply for Medicare no later than the 8th month on COBRA, even if you are planning to continue on COBRA beyond the 9th month. This is to avoid the Medicare penalty and having lost this enrollment window.
If you are not turning 65 or not leaving an employer or group plan, and you want to start Medicare, this may be challenging.
You may have to wait for the General Enrollment Period for Medicare Part B, which happens only once per year.
There are exceptions to this, of course, so it’s important to talk to a Medicare expert to determine what your Medicare options are.
Our team of trusted Medicare advisors is here to provide you with comprehensive resources to compare, buy, and enroll in the right health insurance plan at the right price – virtually online, over the phone, or in-person