Are you thinking about enrolling in Medicare but aren’t sure what your options are, how to enroll, or what documents you’ll need? There are several parts to Medicare and knowing where to start can be confusing.
The first thing you need to do is enroll in Original Medicare which includes Medicare Part A & Medicare Part B. In addition to Parts A & B, there are Parts C & D and Medicare Supplement which our agents at Guided Medicare Solutions can help you compare once you have Original Medicare.
Most people 65 and older qualify for free Medicare Part A as long as they have paid enough Medicare taxes throughout their time working and may be automatically enrolled upon turning 65. You will also need to sign up for Part B, which has a monthly premium.
You can sign up for Original Medicare during your Initial Enrollment Period (IEP), which spans seven months total: three full months before your 65th birthday, the entire month in which you turn 65, and three full months after your birthday month.
If you happen to miss your IEP, there is a General Enrollment Period (GEP) every year from January 1st through March 31st.
In certain circumstances, people become eligible to apply for Medicare during a Special Enrollment Period (SEP). This is outside of their IEP and the GEP.
You don’t want to miss the window of opportunity to sign up for Medicare. If you sign up outside your Initial Enrollment Period (IEP) or Special Enrollment Period (SEP), penalties may be assessed.
After submitting your application, the Social Security office will send you a copy of your submitted information. Take this as an opportunity to look for and correct any errors you notice.
Once you have enrolled in Original Medicare (Parts A & B), you can decide on additional coverage that you may need. Original Medicare does not cover everything you may need, so there are additional insurance options that you can get. These include Medicare Parts C & D and Medicare Supplement Plans.
Before applying for Medicare, you should compare plans to find the option that’s best for you. Contact one of our agents to help you determine which plan best fits your needs