Are you just turning 65 or just now retiring? You might be feeling a little overwhelmed if this is your first time looking at Medicare and how it works. While there is a ton of information out there, it is still very confusing when you’re first learning about it. First you need to enroll in Medicare, a few months prior to turning 65, or if you’re collecting Social Security, you will be automatically enrolled and your card will be sent to you. Once you get enrolled in the Medicare system, then you can purchase either a Medicare Advantage plan or a Medicare Supplement and a Part D prescription drug plan. If you’re not sure which way to get coverage, you can ask an Insurance Agent for help to guide you through this process.
At 65 you can enroll in Medicare for the first time. Your initial Enrollment Period (IEP) for a Medicare Advantage plan or Prescription Drug Plan (Part D) starts three months before your 65th birthday, includes your birth month and ends three months after your 65th birthday. You have a total of 7 months to enroll into one of these plans. After this time frame is over, you can’t enroll any other time during the year until the Annual Enrollment Period, at which time you can then make a change or enroll into a new plan. Give us a call to help you determine which plan is best for you. We’re here to help and don’t cost you anything!