Signing up for Medicare is an important step to ensuring you have the right coverage at
the right time. Here are some things to consider as you approach age 65 or plan for
retirement.
When To Sign Up
If you’re already receiving Social Security payments, you will automatically be enrolled
in Medicare Parts A and B starting the month your turn 65. If you need to delay, you’ll
have to send your Medicare card back declining Part B coverage.
Enrollment Periods
Initial Enrollment Period (IEP) – 7- month window starting 3 months before and
ending 3 months after your 65th birthday month.
General Enrollment Period (GEP) – January 1st through March 31st . Coverage begins
July 1st .
Special Enrollment Period (SEP) – starts when you lose group coverage based on
employment and ends 8 months later.
Can I Delay Enrolling?
Many people delay enrolling at age 65 because they are still working and covered
under group insurance. However, if your employer has fewer than 20 employees and
you continue working, you may be required to sign up for Medicare. Check with your
benefits administrator to see what their requirements are for individuals that are eligible
for Medicare, this could help you avoid potential benefits interruptions.
Where to Enroll
You can enroll in person, over the phone, or online through Social Security
administration. Visit a local office, call 1-800-772-1213, or at
https://www.ssa.gov/benefits/medicare/.
Important Forms
CMS 40B – Application for Enrollment in Medicare – Part B
CMS-L564 – Request for employment information.
Questions? Please call Marsha Lewis at (360) 606-2616 or use the Contact Form on this site.
Source: Medicare Scholar