How Medicare Smart Are You?

True or False: For all first-time Medicare enrollees, the Initial Enrollment Period starts Jan. 1 of the year in which they turn 65.

The answer is “FALSE.”

Everyone's Initial Enrollment Period is different, because it depends on their birthdays. People become eligible for Medicare at age 65 and have a seven-month window surrounding their 65th birthday to sign up for Medicare Part A (hospital insurance) and\or Part B (medical insurance). You can use this helpful chart in the Medicare BackOffice "Guide to Medicare: Helping You Navigate the Medicare Maze" to help your clients identify their Initial Enrollment Period. It's also important for you to be aware of late-enrollment penalties that can be assessed if your clients don't sign up during their Initial Enrollment Period in Part B and Part D Prescription Drug coverage. Learn more about Medicare's late-enrollment penalties with our infographic.

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