How to Avoid Costly Medicare Mistakes

Over 63 million Americans were enrolled in Medicare as of October 2021. Fizkes/Shutterstock

If you’re approaching 65, signing up for Medicare is looming ahead. It’s the first step to usher in retirement, and there are strict rules as to when you sign up.

If you receive your insurance through the public marketplace, it’s imperative that you sign up for Medicare on time. But are there penalties for not signing up on time?

Signing Up for Medicare

It’s common knowledge about Medicare. You’re eligible for coverage when you reach 65. Medicare’s window of opportunity is three months before your sixty-fifth birthday, the month of your birthday, and three months after your birthday.