The Medicare Initial Enrollment Period (IEP) takes place during the 7 months surrounding your 65th birthday. During this time, you can enroll in any eligible Medicare coverage, including Original Medicare, Part C, and Part D.
Signing up during your IEP is a good way to start your Medicare journey. We’ll tell you why and how to take advantage of your IEP.
Medicare Enrollment: When Is it Automatic?
Depending on your work history, you may be automatically enrolled in Original Medicare. If you have worked at least 10 years paying Medicare taxes, you should receive a letter in the mail informing you about your enrollment. And, make sure any calls or mail you receive are from the official office.
You cannot, however, be automatically enrolled in Medicare Advantage (Part C) or a prescription drug plan (Part D). Because these plans are offered privately rather than federally, it is up to you to find a plan and provider that works for you.
What You Should Do During Your IEP
Medicare isn’t mandatory, and you can manually opt-out if you so choose. However, this may cause late penalties later on if you choose to enroll.
If you decide you want Medicare coverage, you will have to choose what plan(s) you want. The most common of these is Original Medicare Parts A and B. You must have both of these plans before you can apply for any additional coverage.
You can also sign up for Medicare Advantage (Part C) and Part D prescription drug coverage. Both of these are optional, and so is Medicare supplemental insurance.
Other Enrollment Options Besides the IEP
The IEP is not your only opportunity to enroll in Medicare, even though it’s the first. If you miss your IEP, you can enroll for Original Medicare during the General Enrollment Period (GEP), or Part C or D during the Annual Enrollment Period (AEP).
You may, however, face penalties for enrolling in Original Medicare during the GEP. For every year you do not sign up for Parts A and B when eligible, a percentage increase is added to your monthly premium payment.
Unless, of course, you’re eligible for a Special Enrollment Period (SEP). You can enroll for any Medicare plan during this period if you have recently left your employer health plan, or if you’re eligible for Medicaid.
Don’t Settle For Anything Less.
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Need Help with Medicare Enrollment? Call Us.
When you’re ready to move forward in your Medicare journey, or you just have some questions before you begin, you know where to go. With InvoBH, you can be sure that all of your Medicare questions are answered. Ready to get started? Call 314-669-4308, or visit our office at 366 S Kirkwood Rd, in Kirkwood, MO.