Turning 65 soon? Here’s how to prepare for Medicare enrollment

If you’re approaching age 65, you’re probably starting to hear a lot about Medicare—and maybe feeling a little overwhelmed. That’s completely normal. Medicare enrollment comes with important choices, and preparing ahead of time can save you money, stress, and coverage gaps.

Know your enrollment window

Your Initial Enrollment Period (IEP) begins three months before the month you turn 65, includes your birthday month, and ends three months after. Missing this window can lead to late enrollment penalties and delayed coverage, so it’s important to mark your calendar early. There are some exceptions—and some cases when signing up later may make sense. 

To avoid potential issues—and penalties—it’s best to consult with a Medicare expert to help evaluate your particular situation.  

Most people sign up….when they’re first eligible (usually when they turn 65). Generally, there are risks to signing up later, like a gap in your coverage or having to pay a penalty.

medicare.gov

Review your existing coverage

It’s important to review your current coverage. If you’re still working or have coverage through an employer or spouse, your Medicare choices may look different. Understanding how Medicare works with existing insurance is key to avoiding unnecessary costs or duplicate coverage.

Understand the basics

Medicare has different “parts,” and each covers different services:

• Part A covers hospital care
• Part B covers doctor visits and outpatient services
• Part D covers prescription drugs

You’ll also hear about Medicare Advantage (Part C) and Medigap plans, which can help fill coverage gaps or bundle benefits together.

Compare plans carefully

Not all Medicare plans are the same. Costs, provider networks, prescription coverage, and extra benefits can vary widely. Taking time to compare your options ensures you choose a plan that fits both your health needs and your budget.

Get help if you need it

You don’t have to figure this out alone. Licensed brokers and trusted resources can help explain your options and guide you through enrollment—at no cost to you. Many brokers offer free workshops or seminars. For more information visit our Medicare resources page.  More resources are also available on the Medicare.gov website.