A 60-second read by the Baron Team: Medicare is health insurance for individuals who are 65 and older, under 65 with certain disabilities, or those who have End-Stage Renal Disease (ESRD) or Amyotrophic Sclerosis (ALS). The Medicare annual open enrollment period for the 2024 Medicare Advantage and Part D prescription plans begins Oct. 15, 2023, and runs through December 7, 2023. You can change your Medicare Advantage and Part D plans without special enrollment requirements.
The 2024 Medicare Parts A & B premiums and deductibles will be available in the latter part of the Annual Enrollment period at cms.gov.
If you are applying for Medicare for the first time:
- Sign up during first 3 months before you turn 65
- Medicare starts the first day of the month you turn 65
- Can sign up during the 4th – 7th months, but your start date will be delayed
- If the initial enrollment period has passed, you may incur higher premiums
You can call your local Social Security office or the national 800 number at 1-800-772-1213. You can also visit their website at ssa.gov.
You can learn more at Medicare.gov, the official U.S. Government site for Medicare.
If you have any further questions, please don’t hesitate to contact the Baron Financial Group Team.
This post is a general communication being provided for informational purposes only. It is educational in nature and not designed to be as advice or a recommendation for any specific investment product, strategy, plan feature or other purpose in any jurisdiction.