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What should you keep in mind when signing up for Medicare?

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You have 7 months to sign up for Medicare. That time starts 3 months before you turn 65, the month of your birthday, and 3 months following your birthday. Some people will automatically be enrolled in Medicae Parts A and B, but others have to sign up. If you are unsure if you are automatically enrolled, it is a good idea to check with the Social Securiy office. 

If you're not aitomatically enrolled and don’t enroll in Medicare or a Medicare Advantage plan during your open enrollment period, you will pay a penalty for enrolling at a later date. This penalty will occur every month you have Medicare.

The same is true if you delay enrollment in a Part D plan for prescription drugs. So don’t wait until you’re sick or need costly medicine before you sign up.

This penalty doesn’t apply if you have coverage through your job. But since some employers may require you to enroll in Medicare, check with your HR department before you turn 65.

From: 9 Things You Didn’t Know About Medicare WebMD Medical Reference

Reviewed by Sarah Goodell on September 16, 2019

Medically Reviewed on 9/16/2019

SOURCES:

Social Security Administration: “History of SSA During the Johnson Administration 1963-1968.”

Medicare.gov.

Tricia Neuman, senior vice president, Kaiser Family Foundation; director, Program on Medicare Policy and Project on Medicare’s Future, Kaiser Family Foundation.

Deborah Chollet, senior fellow, Mathematica Policy Research.

Steve Zuckerman, PhD, co-director and senior fellow, The Urban Institute.

Stacy Sanders, federal policy director, Medicare Rights Center.

Reviewed by Sarah Goodell on September 16, 2019

SOURCES:

Social Security Administration: “History of SSA During the Johnson Administration 1963-1968.”

Medicare.gov.

Tricia Neuman, senior vice president, Kaiser Family Foundation; director, Program on Medicare Policy and Project on Medicare’s Future, Kaiser Family Foundation.

Deborah Chollet, senior fellow, Mathematica Policy Research.

Steve Zuckerman, PhD, co-director and senior fellow, The Urban Institute.

Stacy Sanders, federal policy director, Medicare Rights Center.

Reviewed by Sarah Goodell on September 16, 2019

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