If you or a loved one is about to turn 65, you’ve probably had questions about what you need to do to sign up. Read more to learn about the key time frames you need to keep in mind so you don't lose access to health coverage or accrue any penalties for signing up late.
We also encourage you to check out our personalized guide here to walk through a customized timeline based on your current healthcare needs.
Before we discuss these, let’s start with two important notes:
These sign-up windows are when you can sign up for Original Medicare, known as Part A and Part B. While signing up for Part A and Part B is a prerequisite to enroll in a Medicare Supplement plan, also known as a Medigap plan, or a Medicare Advantage plan, the process to sign up for those plans can be different. But they have the same starting point: signing up for Part A and Part B.
Once you use one of these enrollment windows and are signed up for both Part A and Part B, you typically do not need to use a subsequent enrollment period. If you only sign up for Part A, however, you may use a subsequent enrollment period to sign up for Part B.
As always, you can reach out to us directly at [email protected] or 833-501-3101 with any questions.
In most cases, Americans are first eligible for Medicare when they turn 65. There is a 7-month Initial Enrollment Period to sign up for Part A and Part B, based on birthdate. The 7-months includes the following:
3 months before the month you turn 65
The month you turn 65
3 months after the month you turn 65
In most circumstances, you should consider using the Initial Enrollment Period to sign up for Original Medicare if you or your spouse do not have employer-based coverage when you turn 65. If you do have employer-based coverage, you may want to use the Initial Enrollment Period to sign up for only Part A.
If your Initial Enrollment Period has ended (or if you choose not to use it because you are employed at an organization with more than 20 people on its health plan), you may have a Special Enrollment Period to sign up for Original Medicare.
This Special Enrollment Period lasts for eight months after losing or ending employer-based coverage (at organizations of more than 20 people) — they do not need to wait for a particular time during the calendar year. (If you are in this situation, you can use our Medicare Premiums Calculator to see if you might be able to get better benefits for less on Medicare relative to your employer coverage.)
If you are eligible and use the Special Enrollment Period to enroll in Original Medicare, you should be exempt from any penalties that might otherwise apply in situations where people wait to sign up for Part B past their Initial Enrollment Period.
Notably, if you want to both sign up for Original Medicare and choose either a prescription drug plan or a Medicare Advantage plan, you will want to make your choice much sooner and ideally right when you retire. This will help to ensure you can sign up for these types of additional coverage.
If you have any questions about the Special Enrollment Period, our team of licensed, independent advisors can help. We can help with any questions on costs, as well as on avoiding or minimizing gaps in coverage, Medigap waiting periods for pre-existing conditions, and potential penalties.
If you missed your Initial Enrollment Period and are not able to use the Special Enrollment Period, you can consider signing up for Original Medicare during the General Enrollment period from January 1 to March 31 of every year. If you choose to enroll during this time period, note your coverage will start on July 1.
If you waited past your Initial Enrollment Period and an eligible Special Enrollment Period, you may be subject to late enrollment penalties.
If your situation falls into this bucket, our Advisors can help you into the best course of action. Give us a call any time to discuss your Medicare.