Are you turning 65, time to Sign Up for Medicare

Are you turning 65, time to Sign Up for 2019 Medicare

 The well-known perception is your 65th birthday is the milestone in your life to kick back, and reap the fruits and this is the time you enjoy sunsets sitting in your porch.

The eligibility of Medicare supplement plans are based on the traditional retirement age. However, now people do not retire soon and continue to work as they enjoy working or for financial reasons. This is the reason Americans who are 65 and older are either full or part-time employed. The count of employed people in 2000 was 4 million and it has increased in 2016 to 9 million people.

Ironically, stating financial reasons to work beyond 65 may cost you in the Medicare supplement plans premium penalties. In case you miss the enrollment dates of Medicare, you must be prepared to pay penalty. It is important that you understand about Medicare enrolling keeping your eyes wide open.

Here are a few points to bear in mind in case you are planning to work past your 65th birthday.

Why signing up at 65 for Medicare should be done?

Approaching age 65 implies you can have your Initial Enrollment Period of Medicare supplement plans anytime you make decisions to sign up for Medicare. This is a window for 7-month and includes the month of your birthday of 65th year, 3 months after and before birthday.


For instance, in case your 65th birthday falls on June 20, your IEP will start on March 1 and end on September 30. Your IEP is the time to understand about the option of Medicare coverage.


Medicare coverage options help in figuring out that you wish to enroll and the coverage. In case you are working, it is best to check for plan benefits with your employer to understand how Medicare works and the coverage will benefit. This must be understood before making final decisions.


If you do not have through your employer health insurance, you may enroll in Part A Medicare and Part B Medicare to get full benefit of Medicare supplement plans. Even if you have some other health coverage or employer offered health insurance, you may sign up for Part A on turning 65 as most people can get it and it does come for free of monthly premium.

The bottom line

Delaying your retirement after 65, does not mean you can delay in making Medicare decisions and can delay with enrollment. You will end up paying late enrolment penalties and higher monthly premium.