Medicare is a federally funded insurance program for eligible participants 65 or over. Medicare has two parts, Part A (Hospital Insurance) and Part B (Medical Insurance). Medicare does not cover 100% of all costs. CDI recommends purchasing a Medicare Supplement Insurance policy if you have traditional Medicare to help offset your health care costs. If you have questions related to Medicare, contact Medicare or your local Department of Aging (HICAP).
If you are turning 65 and will be eligible for Medicare for the first time, you have seven months to enroll in Medicare Parts A and B. This timeframe includes:
If you are over 65 and planning to retire soon, you have 8 months to enroll in Medicare Parts A and B. This timeframe usually starts the month after your employment ends.
If you currently get your health care benefits through your employer, make sure to talk to your employer. Your employer can help you understand what you need to do before you retire.