29 Aug 5 Tips for Enrolling in Medicare for the First Time
Are you turning 65 soon, or know anyone who is about to turn 65? Well don’t let
Medicare sneak up on you like this 65th birthday, here are 5 key tips to consider when
enrolling for Medicare for the first time:
1. Your Medicare Initial Enrollment Period (IEP) is a 7 Month period (3 months
before 65, the month of your 65 th and 3 months after)
2. You may delay Part B, depending on whether you work past 65 but there is a
penalty for late enrollment (unless you qualify for a special enrollment period)
3. It is possible to enroll in Original Medicare (Federal Government) or a Medicare
advantage plan (Private Insurance company)
4. If you buy original Medicare, you can buy additional coverage to make up for
what the Original Medicare doesn’t cover such as Part D
5. Each plan has sets its own costs and every plan must set an annual out-of-pocket
maximum. After the maximum, the plan pays 100% for all Medicare-covered
services.
Be prepared for this important time in your life. Call David Mcindoo today to find out
more about what consider when that 65th birthday approaches!
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