Medicare Health Insurance part 2
Medicare Health Insurance
Your initial enrollment in Medicare is time sensitive.
- The Initial Enrollment Period (IEP) is your first chance to enroll in Medicare. It’s the three months before your 65th birthday month, the month of your birthday, and the three months after your birthday month.
- If you are eligible for Medicare due to disability, your IEP is based on your disability date.
- Late enrollment penalties may be incurred for missing certain enrollment periods for Part B and prescription drug coverage.
Your health care needs may change over time.
- After you choose your Medicare coverage, you can make changes once a year during Medicare Open Enrollment, October 15 through December 7.
- You may change your coverage at certain other times if you qualify for a Special Enrollment Period.
- Review your coverage each year to see if it still fits your needs.
- These enrollment period restrictions do not apply to Medicare supplement insurance.
Special Enrollment Period (SEP).
- In some cases you may be able to enroll in or switch plans at times besides your IEP or Medicare Open Enrollment.
- You may qualify for an SEP if you retire and leave a health care plan sponsored by your employer or union.
- You can usually use an SEP to change your coverage if you move out of your current plan’s service area.
Medicare can work with other health insurance.
- Group or retiree health insurance sponsored by an employer or union can work with Medicare.
- Your plan administrator can help you figure out how Medicare could work with your current coverage.
- Medicare supplement plans work with Original Medicare, but not with Medicare Advantage plans.
Help is available.
- Medicare can be complicated, but help is available.
- You may qualify for financial help.