The answer to this question can depend on whether you still have employer coverage (or other insurance), or if you are planning to have Medicare as your primary coverage.
For people who are retired, have left their employer coverage, and are planning to use Medicare as their primary coverage, you will want to enroll during your Initial Enrollment Period (IEP.)
What is the Initial Enrollment Period? The IEP is a 7 month interval. It starts 3 months before your 65th birthday month, includes your birthday month, and then continues 3 months after your 65th birthday month.
If you’re not 100% sure when you IEP is, we are happy to figure it out with you!.
It is important to know when your Initial Enrollment Period will be. If you miss enrolling during this period, you will be subject to late enrollment penalties.
You can avoid these by enrolling in Part A or Part B (Original Medicare), or Part C (Medicare Advantage). In addition, if you need Part D drug coverage, you can enroll in Part D during your Initial Enrollment Period.
The best way to avoid any penalties, is to simply reach out to a local Medicare Coach and have a short conversation. We can tell you when exactly you should enroll by, and how to do it. And if you need help, we are happy to coach you through the process!
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