Medicare

Let Goldenwest Insurance Experts Take Care of You

Goldenwest is proud to offer Medicare as a service to our members. We can offer expert advice as you begin a new phase of life. From understanding what Medicare is, what coverage you might need, and how to sign up- We'll take care of you.

Find an upcoming Medicare seminar near you

What is Medicare?

Medicare is federal health insurance for:

  • People who are 65 or older
  • Certain younger people with disabilities

Medicare is split into 4 different parts: A, B, C, and D.

  1. Hospital Stays, nursing facility care, hospice care
  2. Certain doctor's services, outpatient care, medical supplies
  3. Medicare Advantage: combine Parts A and B into one plan plus vision and dental
  4. Prescription drug coverage

How to Sign Up

Initial Enrollment Period Turning 65

If you are enrolling at the age of 65, you will have 3 months before the month of your birthday plus 3 months after the month of your birthday to enroll. That gives enrollees a total of 7 months to enroll during the Initial Enrollment Period (IEP).

For example, if you were turning 65 in May, your IEP would look like this:

Aug

Sep

Oct

Nov

Dec

Special Enrollment Period After Retirement

If you plan on working past the age of 65, your enrollment period will look a little different. The Special Enrollment Period (SEP) will give enrollees 8 months, plus the month of retirement/month of losing coverage, to sign up for Medicare.

So, if you were to retire or lose coverage in March your SEP would look like this:

Jan

Feb

May

Initial Enrollment Period for Disability

For those applying under a qualifying disability, your IEP is similar to someone turning 65. After receiving disability benefits for 24 months you will automatically be enrolled in Original Medicare (Parts A and B). You will have 3 months before and after your 25th month of disability to enroll in other coverage.

For example, if you were to reach 25 months of disability in April your IEP would look like this:

Aug

Sep

Oct

Nov

Dec

General Enrollment Period

When it comes to Medicare, signing up early is the name of the game. Even if you sign up during the allotted enrollment period, the approval process may take longer than your current coverage will last. To avoid any chances of having a gap between coverages, sign up as soon as you can.

If you miss your enrollment period there is a General Enrollment Period (GEP) every year. However, signing up for Parts A and B are broken up from Parts C and D. Also, you will most likely have to pay a late enrollment penalty on top of your monthly premium.

April

May

June

July

Aug

Sep

Oct

Nov

Dec

Jan

Feb

March

July

Aug

Sep

Oct

Nov

Dec

Medicare Open Enrollment

Once enrolled in Parts A and B, there is a Medicare Open Enrollment during Oct. 15 – Dec. 7. During this time you are allowed to change plans.

Penalties

There may be penalties added on to your monthly premium if you don’t sign up within your enrollment period. Sign up as soon as you can to avoid penalties. Talking with a Medicare expert will help you to know what penalties you might have to pay, and help you to avoid them altogether.

Free, No-Obligation Quote

Have a local Goldenwest Insurance Agent contact you:

Thank you! We have received your information. Someone will contact you soon.

Visit with us in person:

Find an Agent