Medicare Open Enrollment |
Posted: September 19, 2020 |
Medicare has specific enrollment periods during which you can enroll. Each one has a particular purpose. Most people sign up during their initial Medicare open enrollment period, but it's good to know all periods and what they are for.
Dates are critical to enrolling in Medicare, and much depends on your specific situation. That is why we organize Medicare open enrollment information based on life circumstances. Once you know when to apply for Medicare, enrollment is easy. There are several ways to do it. This is when you are first eligible to enroll in Medicare. Your initial enrollment period lasts for 7 months and begins around your 65th birthday or 25th month of receiving Social Security disability benefits. You must take action during your initial enrollment period. You will have to make some decisions, even if you have other insurance. The general enrollment period is extra time to enroll. If you didn't sign up for Medicare during your initial enrollment period, you can sign up during this period. The general enrollment period begins on January 1 and ends on March 31 of each year. You may have to pay a late enrollment penalty. Coverage is effective July 1. A Medicare Special Enrollment Period allows you to enroll in Medicare or change your Medicare coverage outside of the standard enrollment periods without a penalty. Different special enrollment periods correspond to specific circumstances, and each one has its own rules about timing. Medicare supplement insurance can be added to Original Medicare at any time after you are enrolled in Part A and Part B, but you have "guaranteed issue rights" at certain times only. If you enroll on other dates, you may have to pay more and coverage could be denied. Once you are enrolled, Medicare has specific enrollment periods to change your coverage. The most important period - Medicare open enrollment - occurs every year from October 15 to December 7.
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