If retirement is on the calendar this year, Medicare enrollment timing is one detail that can create big headaches if missed.
5 key points to have on the radar in early March:
1️⃣ Medicare’s General Enrollment Period runs each year from January 1 through March 31.
2️⃣ It is designed for people who missed the initial enrollment window and need Part A and or Part B.
3️⃣ Enrollment during this period starts coverage the month after enrollment.
4️⃣ Part B late enrollment penalties can apply, calculated as 10 percent per full year delayed, and can last for life.
5️⃣ Timing can intersect with employer coverage decisions and Medigap enrollment windows, so coordination matters.
Health coverage choices are personal finance choices.
A quick check in March may help manage gaps, penalties, and stress later.
Sources
https://www.ncoa.org/article/a-closer-look-at-the-medicare-general-enrollment-period/