Wednesday, August 23, 2017

Signing up for Medicare

I don’t think everyone is aware of the importance of signing up for Medicare when you’re supposed to. 
You are first eligible to sign up for Medicare during a seven-month window that begins three months before the month you turn 65.
You need to be aware that Medicare parts B and D both have late enrollment penalties, that are permanently added to your premiums, if you delay signing up. Yes, you’ll pay those penalties for the rest of your life. 
Now if you continue to work at a job with a group health insurance plan after age 65, you will need to sign up for Medicare within eight months of leaving the job, or the coverage ending, to avoid the late enrollment penalty.
Also, while most retirees have their Medicare Part B premiums withheld from their Social Security checks, seniors who delay claiming Social Security past age 65 will be billed for their Medicare premiums. If you have questions please call for an appointment, 855-22money, or go to the website yoursafemoneyshow.com.

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