SS_Medicare_flipbook_2017 - page 18

Medicare Enrollment
Enrolling in Medicare can be complicated, with substantial penalties
for missing certain deadlines. It is important to become familiar with
the enrollment process and rules, not only as you approach age 65
but also if you already have coverage.
Initial Enrollment Period
To avoid penalties, you should enroll during the initial enrollment period, which
starts three months before the month you turn 65 and ends three months after the
month you turn 65. Depending on when you enroll, coverage will start on the first
day of the month indicated here.
If you enroll during the...
Coverage starts the...
Three months before the month you turn 65 Month you turn 65
Month you turn 65
First month after enrollment
First month after you turn 65
Second month after enrollment
Second or third month after you turn 65
Third month after enrollment
If you are receiving Social Security,
you will be enrolled automatically in Medicare Parts A
and B when you turn 65. If you are not receiving Social Security, you must apply for Medicare
coverage.
If you are still working and have employer-provided health coverage,
it makes sense to
apply for Medicare Part A when you turn 65, but you don’t have to enroll in Parts B or D, and
there is no penalty. The deadline for signing up for Part B (and avoiding higher premiums) is
exactly eight months after your final day of employment, regardless of when health benefits end.
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