Of the multiple government assistance programs our country offers, Medicare seems to be the most important, yet the most complex. Due to the magnitude of details and qualifying terms surrounding Medicare, you may find the topic a bit confusing. That is why we have dispelled some common misconceptions and answered the typical questions surrounding when and how to sign up for Medicare:
- If you are already receiving Social Security benefits each month, you will receive your Medicare card about three months before you celebrate turning 65 years old, or on your 25th month of disability.
- When you become eligible for Medicare, you will have a 7 month grade period in which you need to sign up for Part A and/or Part B of Medicare during the Initial Enrollment Period.
- You become eligible three months before your 65th birthday. Therefore, you can enroll during the time that begins three months before your birthday until three months after your birthday.
- If you miss the Initial Enrollment Period, you must wait until the General Enrollment Period (January 1 – March 31 each year), unless you qualify for the Special Enrollment Period.
- You may be faced with an escalated premium if you fail to enroll during your designated enrollment period.
We understand that this can be a daunting subject, and that is why the experts at Senior Choices NW are always available to answer any and all questions you may have.