Medicare - When Turning 65, Should I Sign Up Or Not?

When is the right time for you individually to enroll in Medicare? It all depends on your individual circumstances. See below for some tips:

  • Don’t miss Medicare deadlines for enrolling, or it could cost you big time in late enrollment penalties later on when you do decide to enroll. In most cases, the penalty payment sticks with you once you enroll and carries on for as long as you have the coverage. 
  • Part B: The late enrollment penalty is 10 percent of the Part B premium amount for each full 12-month period you delay enrollment past your eligibility month.
  • Part D: When you finally do enroll in Part D, the late enrollment penalty is 1% for every month you missed once you were eligible for Part D, if you delayed enrolling at that time, and didn’t have credible coverage.
  • Important Take Away: Even if you delay your retirement beyond the age of 65, it doesn’t necessarily mean you should also delay making Medicare decisions and dealing with Medicare enrollment.

Note: Medicare Insurance information can be overwhelming and confusing to many people. As an independent licensed agent I can explain things to you in simple terms so you feel comfortable making a decision. Then I can help you choose and enroll in a plan that you feel fits your needs.

By the way, it doesn’t cost you any more if you enroll in a Medicare Insurance plan through me as an independent agent versus directly with an insurance company either over the phone or via the Internet, since I get paid by the insurance companies for your enrollment. Plus you will have personalized service by a local agent. If you would like my assistance, please call me at 941-404-5334.

By calling this number, I understand I will be directed to a licensed insurance sales agent.

Please take a few seconds to read what my actual clients have to say about my personalized service in their own words by clicking this link. Insurance Agents Reviews