When Should I Sign Up For Medicare?
October 25, 2023 | John Demko
If you are nearing Medicare eligibility, you are likely wondering when exactly you should sign up for your Medicare benefits. The answer to this question is sometimes more complex than one would expect. In this article, we’ll uncover the factors to consider when deciding exactly when you should sign up for Medicare.
When Can I Sign up for Medicare?
For most people, the earliest you can start Medicare is the first day of the month you turn 65. If you’re born on the 1st of the month, you are eligible for the first of the preceding month. For most individuals, this is when you are initially eligible to enroll in Medicare. However, if you’re receiving social security disability or have certain diseases, you may be eligible earlier.
To learn more about choosing Medicare coverage when you first enroll in Medicare, visit our How to Enroll in Medicare page.
When Should I Sign up for Medicare?
It’s essential to address that although someone becomes eligible to enroll in Medicare, this may not necessarily mean it is the right time to sign up. If you or a spouse will continue working past 65 years old, you may decide to maintain health insurance coverage through an employer.
What’s even more important is if you do this, you must ensure that the health insurance plan you are on is considered creditable coverage. It can be helpful to meet with an experienced licensed Medicare agent to help you compare your employer coverage to Medicare plans available. There can be benefits to both options and it can vary significantly depending on your coverage and how much you are paying each month.
It is helpful to understand that one’s eligibility does not solely dictate the decision to enroll in Medicare. Particularly if you or your spouse intend to work beyond 65, keeping employer-based health insurance might be a more suitable choice. Working with a knowledgeable licensed Medicare agent can provide invaluable assistance in assessing your health insurance options and determining the most appropriate Medicare timeline. A comprehensive evaluation, aided by professional guidance, can ensure that you make the choice that aligns with your individual healthcare needs and financial circumstances.
If you have questions about enrolling in Medicare, Twin City Underwriters can help. Contact us today to find out more about your options.
Choosing a Medicare plan can be difficult. Twin City Underwriters helps Medicare recipients in Minnesota, Wisconsin, North Dakota, South Dakota, Iowa and Florida find the Medicare plan that meets their unique needs. Schedule a one-on-one meeting with one of our Medicare insurance brokers to get your questions answered!
Do you need help with Medicare, insurance and health plans? Explore your options with Allina Health Aetna, BlueCross BlueShield of Minnesota, Medica, UCare, United HealthCare and more. We work with you to find the best plan for your needs and budget. Contact us today to get started.
