Medicare is a federal health insurance program mainly for people age 65 and older, as well as some younger individuals with certain disabilities or qualifying conditions.Â
Most people can enroll during their Initial Enrollment Period, which starts 3 months before the month they turn 65, includes their birthday month, and ends 3 months after.Â
Medicare has four parts:
Original Medicare includes Part A and Part B and lets you see providers nationwide who accept Medicare. Medicare Advantage plans are offered by private companies and may include extra benefits.
Original Medicare does not usually include most prescription drug coverage. You may need a standalone Part D plan or a Medicare Advantage plan that includes drug coverage.Â
You may be able to delay certain parts of Medicare if you have qualifying employer coverage. It is important to review your situation carefully so you do not face penalties later.Â
Yes, in some cases. If you do not enroll in Medicare when you are first eligible and do not have other qualifying coverage, you may have to pay late enrollment penalties.Â
The right plan depends on your doctors, prescriptions, budget, travel needs, and whether you want extra benefits. Comparing your options can help you choose coverage that fits your lifestyle.Â
Yes. There are certain enrollment periods each year when you may be able to change your Medicare coverage, depending on your situation.Â
A Medicare agent can help explain your options, compare plans, and guide you through enrollment so you can feel confident in your decision.Â
Medicare comes with important dates, decisions, and documents. Download our free Turning 65 Checklist to help you understand what to do before your 65th birthday and prepare for your Medicare enrollment period.
