To get Medicare coverage by turning 65, enroll during the open enrollment period around your 65th birthday – preferably three months before. Once you turn 65, you’ll have to pay a small premium for Medicare coverage until the end of your life. It’s generally recommended that people wait until they turn 65 before enrolling in Medicare. This is also why we don’t recommend people enroll in Medicare until after they turn 65 because people are currently paying out-of-pocket for this coverage. In addition to the above, I recommend that people enroll in Medicare only if they live in a high-risk area because most of our studies have shown that it’s better (and cheaper) to save money on your health insurance premiums by signing up through Health Savings Accounts (HSAs). HSAs are low-cost and low deductible health savings accounts (HSAs) designed to help you afford your health insurance premiums when you retire and start saving for health care costs. Kevin Leinum – your local Medicare expert can help you understand the many parts of Medicare and determine the right fit for you. Give me a call at 619.886.5665 to discuss the options available to you.
