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Idiot's Guides: Medicare by Tanya Feke

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CHAPTER7

Initial Enrollment Periods

In This Chapter

  • When to take advantage of the Initial Enrollment Period
  • Understanding the cost and duration of late penalties
  • Calculating the cost of late penalties
  • Budgeting for the future

Knowing your Medicare eligibility requirements is only half the challenge. Understanding when to sign up for Medicare and how it will impact your wallet makes all the difference. This chapter will discuss the Initial Enrollment Period and the General Enrollment Period.

Initial Enrollment

This is it! If you do not fall in the automatically-enrolled category as discussed in Chapter 6, then this is your one and only chance, ...

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