If You Are Turning 65 Soon
Below are general answers to important questions. Contact us for specific answers regarding your situation.
Important Dates to Remember
Avoid costly mistakes!
Decisions regarding your group coverage involve adhering to specific Medicare timelines to avoid Late Enrollment Penalties and unnecessary additional premiums.
- Turning 63: For those with a higher net worth, contact your accountant and financial planner.
- Turning 64: Start preparing for Medicare now to learn important timelines, coverage, costs & penalties.
- Sept. 30: Annual Notice of Changes to your current plan mailed to beneficiaries. Contact your Senior Specialist to review these important changes.
- Oct. 1 – 14: Pre Annual Election Period. This is your “First Look” opportunity to view next years plans
- Oct. 15 – Dec. 7: Annual Election Period for Medicare Advantage and Part D Prescription plans
- Quarterly: Medicaid and Extra Help Beneficiaries may have the option to make quarterly changes to their Medicare Advantage and Part D drug plans from Jan 1 – Sept 30th.
- Yearly – Oct. 1: For many beneficiaries, this is the Lock in period for Medicare Advantage plans and Part D drug plans unless your situation qualifies you for a Special Election Period or you use the Open Enrollment period
- 25th Month of Disability: Generally Eligible for Medicare Part A & Part B, Medicare Part C Advantage Plans and Medicare Part D Prescription Drug plans.
- Turning 65 – Generally Eligible for Medicare Part A & Part B, Medicare Part C Advantage Plans, Medicare Part D Prescription Drug Plans and Medicare Supplements (Medigap).
Based on your personal situation, you may have other enrollment options available.