If you are getting closer to retiring or are already 65, you need to seriously think about enrolling in Medicare as soon as you can. Although you may have reasons why you want to wait, after reading this article you may discover that it is not a good idea.
Medicare insurance has several parts to it.
Medicare Part B provides coverage for services such as doctor visits, hospitalization, ambulance services, durable medical equipment, prescription drugs, and some mental health services. It may also cover some preventive services.
Qualifications for Medicare
There really is no reason to not get Medicare Part A if you meet the basic qualifications.
Centers for Medicare & Medicaid Services (CMS) says it is free to people 65 or older, who are a U.S. resident and a citizen. Aliens must have permission for permanent residence—and who has lived in the United States continuously for five years before applying for Medicare.
The Penalties for Buying Medicare Part A Late
Putting off signing up for Medicare Part A when you turn 65 unless you have similar coverage from your employer will cost you.
Medicare says that the penalty is more than just a one-time thing.
