Common Medicare Questions
Still have questions about Medicare? We can answer them for you. We receive questions every day from our clients, and have compiled a list of those we are asked most frequently. If you don’t see the answer that you’re looking for, contact us and we will speak to you personally!
If I missed my Initial Enrollment Period (IEP), what should I do?
- If you qualify for premium free Part A, you can enroll at any time and your coverage will begin 6 as early as 6 months before the month you filed, but not earlier than the month you met all Part A requirements.
- Relating to Parts A and B, you can enroll during the General Election Period, which runs from January 1- March 31 of each year. If successful, your benefits would begin on July 1st of that calendar year. If within 12 months of your initial eligibility, you can avoid facing a penalty for late enrollment into Part B. If beyond 12 months, you would incur a 10% penalty for each period of 12 months you went without coverage. Note: Individuals enrolling in Part A during the GEP would typically not be eligible for premium free Part A. There is a 10% penalty for Part A late enrollment, however it would last for only twice as long as the period they went without part A. Not forever like Part B late enrollment penalty.
- Relating to Part D, after you’ve enrolled in Parts A and/or B during the General Enrollment Period (GEP), you can apply for a stand-alone Part D plan between April 1 and June 30th. If you do, your benefits would start on July 1st of that calendar year. Note: You would face a Part D penalty of 1% for each month you went without coverage.
- If you choose to enroll in Part A and/or B during the GEP, but chose to not enroll in Part D, you can apply for Part D coverage during the Annual Election Period (AEP). AEP runs from October 15-December 7th of each calendar year.
- You can also choose to enroll in a Medicare Advantage plan during the Annual Election Period (AEP) from October 15-December 7th of each calendar year. You would have to have enrolled in Parts A and B during the General Election Period.
- If you enrolled in Parts A and B during the General Election Period, you can apply for a Medicare Supplement once you are approved for coverage. Note: you will be subject to Medical underwriting and can be denied enrollment into these plans for existing medical conditions.