954-999-3812

New to Medicare

Medicare Explained

Everything you need to know about Medicare — the parts, the plans, the enrollment periods, and how to make the right choice for your health and budget.

The Four Parts of Medicare

Part A
Hospital Insurance

Covers inpatient hospital stays, skilled nursing facility care, hospice, and some home health care. Most people pay $0 premium if they worked 40+ quarters.

Part B
Medical Insurance

Covers doctor visits, outpatient care, preventive services, and medical equipment. Standard premium is around $174.70/month in 2024.

Part C
Medicare Advantage

An alternative to Original Medicare offered by private insurers. Bundles Parts A, B, and often D into one plan with possible extra benefits.

Part D
Prescription Drugs

Standalone prescription drug coverage. Works alongside Original Medicare or Medigap to reduce your out-of-pocket medication costs.

Medicare Enrollment Periods

Missing your enrollment window can result in lifetime premium penalties. Here are the key periods to know.

Initial Enrollment Period (IEP)

7-month window around your 65th birthday

Begins 3 months before the month you turn 65, includes your birthday month, and extends 3 months after. This is your primary opportunity to enroll in Medicare Parts A and B without penalty.

Special Enrollment Period (SEP)

Triggered by qualifying life events

If you have employer coverage when you turn 65, you can delay Medicare without penalty. When that coverage ends, you have an 8-month SEP to enroll in Part B.

Annual Enrollment Period (AEP)

October 15 – December 7 each year

During this period you can switch Medicare Advantage plans, switch from Medicare Advantage back to Original Medicare, or change your Part D drug plan.

Medicare Advantage Open Enrollment

January 1 – March 31 each year

If you are already enrolled in a Medicare Advantage plan, you can switch to a different MA plan or return to Original Medicare during this period.

Ready to Get Started?

Our licensed advisors are ready to walk you through every step of Medicare enrollment — completely free.