Three months PRIOR to your 65th birthday, call to ensure your enrollment into Medicare Parts A & B.
To cover the “gaps” that Medicare does not cover, you will have the option to do one of three things:
- Enroll into a Medicare Supplement (Medigap) Plan to help cover the gaps in Original Medicare (add on a Part D)
- Enroll into a Medicare Advantage Plan (can include RX coverage)
- Only use Original Medicare (not recommended)
If you choose a Medicare Supplement Plan you will also want to include a Part D Prescription Drug plan. If you choose NOT to enroll in a Part D drug plan and do NOT have creditable drug coverage, you will be subject to a 1% per month penalty when you do enroll in one. This is going to drive the cost up dramatically so it is always best to enroll and have creditable coverage even if you do not currently take medications.
Learn More: How Much Does Medicare cost?
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