Know All the Facts: Medicare is About Timing

Timing matters when you’re joining Medicare. Most people are eligible for Medicare at age 65, but there’s more to it depending on your situation. It’s important to know all the facts and to start planning now. When you become eligible, enrollment windows open, but some of these windows quickly close.

Your Initial Enrollment Period (IEP) is seven months long.
When you’re first eligible for Medicare, you have a 7-month Initial Enrollment Period for Part A and/or Part B. That includes the month you turn 65, the three months before and three months after. If you wait until the last three months of your initial eligibility to sign up, there could be some delay in the start date of your Medicare.

Medicare has an Annual Enrollment Period. 
The Medicare Annual Enrollment period begins on October 15 and runs through December 7. This is the time to review your existing Medicare coverage and make changes to your Medicare Advantage plan or prescription drug coverage (Part D).

These enrollment windows are the best times to join Medicare, make new choices and pick the plan that best fits your needs. These are also the times to consider a supplement plan or Medicare Advantage Plan. Both plans help to pay some of the costs not covered through Medicare, and all Medicare Supplement insurance plans are guaranteed renewable. That means your policy cannot be canceled unless you stop paying the premium.

It’s important to know all the facts—start with the basics and start planning ahead of time. 

Contact a licensed insurance specialist today: 1-833-291-1309 | careplans@rbfcu.org

RBFCU Investments Group LLC is a wholly-owned subsidiary of RBFCU Services LLC. RBFCU Services LLC is affiliated with Randolph-Brooks Federal Credit Union (RBFCU).

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