Open enrollment refers to the period of time you can sign up for Medicare. Part A all the way to Part D as well as Medigap have varying enrolment periods. If you miss an enrollment, this could mean experiencing higher costs for your entire life. To be on the safer side, you must ensure that you have everything in place during the seven month period that surrounds your 65th birthday.
When your Medicare eligibility for Part A and Part B is approved, you will automatically qualify for Part C, Part D and Medigap.
Initial enrollment period
Generally, enrolling in Part A and Part B can be done during the seven month period that surrounds your 65th birthday, that is, your initial enrollment period. Failure to enroll during this period could result to more payment for Part B for a lifetime. The general enrollment period for Part A and Part B is between January 1st and March 31st each year.
You can as well enroll for Part C and Part D coverage during your first Enrollment period, that is, the seven month period that surrounds your 65th year. If you fail to sign up for Part C during this period, you’ll also have to make higher payments for Part D for a lifetime.
Annual election period
The Annual Election Period between October 15th and December 7th is the date for signing up for Part C. the special disenrollment period is between January 1st and February 14th every year.
In general, you are eligible for Medigap during the six months open enrollment period which begins the month that you turn 65 and signup for Medicare Part B. If you fail to enroll during this window, you could be denied Medigap.
If you have newly qualified for this health insurance Florida, simply get Medicare Part A and B to be on the safer side. You should also get Medicare Part C that has a drug plan or Part D and Medigap. It’s better off to scale back coverage than payment of late fees charged for failing to sign up. Once
you are enrolled for Part A and B, re-enrolling each year won’t be necessary. You will only be required to re-enroll if you make a switch to the Medicare Advantage or when you’ve dropped and need to shift back.
Are you ready to enroll for Medicare this year? Check out your options with Medicare Medics.