Who can Enroll in Medicare?
To be eligible to enroll in Medicare, you must be a US Citizen or be a legal resident who has resided in the US for five continuous years, including the five years just prior to enrolling.
You also must meet one of the following criteria: Age 65 or older, be younger than 65 with a qualifying disability, or have a diagnosis of end stage Renal disease or ALS.
When can I enroll in Medicare?
Around when you turn 65, (or receive your 25th disability check), you will have what is known as your Initial Enrollment Period (IEP). This includes the month you turn 65, three months before, and three months after. If you are receiving Social Security or Railroad Retirement Board Benefits, you will be automatically enrolled. You will still have an IEP when you can make additional coverage decisions. If you are not receiving these benefits, you may or may not be contacted by Medicare, so you should mark these dates to enroll yourself in Medicare. You may have a Special Enrollment Period (SEP) if you or your spouse is working past 65 and you have creditable health coverage.
At Passage Insurance, we help guide our clients to keep them covered to safeguard from financial exposure involved with the gaps in Medicare through providing Medicare Advantage or Medicare Supplement Plans. It is important to note, timing is of the essence in making these critical decisions to also avoid paying more for the same coverages by avoiding late penalties assessed by Medicare. Also, if you are over age 65, and gone without creditable coverage, set up a call with us today so we can stop accumulating more penalties for your medical financial future!
Avoid penalties now. Procrastination may cost you.
Of course, you can delay a decision in Medicare options; however, if you are approaching 65, it is important to know the consequences of delaying such a significant decision as your own healthcare as there are penalties assessed for enrolling later.
Here are the penalties involved in delaying Medicare. Please note, this is directly from Medicare.gov: