If you’re new to Medicare, have a life change or need to review and adjust your existing plan,
Medicare Portal’s experienced insurance agents are at your service.
When and How to Enroll in Medicare
Knowing when to enroll in Medicare is equally as important as choosing your Medicare benefits. You need to know the specific Medicare enrollment periods that apply to you. Take the time to familiarize yourself with these dates and have a clear understanding of your options, enroll on time, and avoid the risk of underwriting or incurring a late penalty fee.
How to EnrollNow that you’ve determined your appropriate enrollment period, it’s important to prepare before you enroll. Enrollment is not automatic for everyone. Learn more about the four different ways to enroll in Medicare.
Knowing when to enroll in Medicare is equally as important as choosing your Medicare benefits. Specific enrollment periods were created to accommodate various life events and changes. First, let’s identify the different enrollment period scenarios to determine which best applies to you and your situation. Here are five key categories that guide when you enroll:
- You’re turning 65 – learn more here
- You’re working past 65 – lean more here
- You have a qualifying life event or change – learn more here
- You missed your Initial Enrollment Period – learn more here
- You need a plan and prescription review – learn more here
Enrollment is not automatic for everyone, and it’s important to know which enrollment period best applies to your situation. If you miss your deadline to enroll, you risk incurring late enrollment fees, which is why it’s crucial to enroll on time.
Late Enrollment Penalties – Late Enrollment Penalties (LEP) can be added to your monthly premium if you don’t enroll when you’re first eligible.
If you don’t sign up for Parts A, B and D during the appropriate enrollment period, you assume the risk of incurring a separate late enrollment penalty for each of these Medicare parts.
What many beneficiaries don’t realize is that LEP’s can last for as long as you keep your Medicare coverage, which for most is your lifetime! It’s important to make sure you understand your enrollment periods and how to comply.
Learn more about how to avoid incurring these penalties.
Please note: Each enrollment period has been created to accommodate various life events and changes. Let’s begin by identifying the different enrollment period scenarios to determine which applies to you.
Which Enrollment Period Applies to You?
Initial Enrollment Period (IEP)
For most of us, the Initial Enrollment Period (IEP), which is triggered by our 65th birthday, is the first chance and the best time to enroll in Medicare.
Your IEP is unique to only you, as it is a 7-month window that begins 3 months prior to your 65th birth month, includes your birth month, and the 3 months that follow your birth month.
It provides you the opportunity to enroll penalty-free in Medicare Parts A and B, as well as a Part D prescription plan.
→ Learn more about the Initial Enrollment Period here.
Need Help with Medicare Enrollment?
Understanding these enrollment periods and rules are an integral part of obtaining your Medicare coverage.
Need help with your Medicare enrollment? Give us a call today. We can explain when and how you’ll need to enroll to have the coverage you need, when you need it, without late penalties. Our consultation is at no cost to you – we help because we care.
Get Help with Medicare, Contact Medicare Portal Today!
Our knowledgeable insurance agents can help you navigate and enroll in the Medicare plan that’s right for you. We offer Medicare education and enrollment assistance in person, over the phone and online, and best of all, our services are 100% FREE!
Call 703-214-4600 to schedule a phone or in-person Medicare Consultation today!