New to Medicare? One of the most common questions we hear is “how do I enroll in Medicare?”. If you are turning 65 this year, it is important to know when or if you should enroll in Medicare.
The three months before your 65th birthday, the month of your 65th birthday, and the three months following your 65th birthday is considered your initial enrollment period for Medicare Parts A & B.
If you are already receiving social security benefits, you will be automatically enrolled in Medicare parts A and B. If you are not receiving social security, you will have the option to enroll in part A and part B at the same time. Part A is free for most and most everyone should enroll at 65.
Medicare part B is a little different when it comes to enrolling, and you have some options. You can enroll in part B at the time you enroll in part A or you can choose to defer your enrollment. If you are currently working and receiving insurance through your employment, determine if Medicare will be the primary coverage. If so, then you do not need to enroll in part B at this time, and you won’t have a penalty. If it will not remain primary, you should enroll in part B to avoid a penalty.
It is important to enroll during this time to avoid any penalties.