When I'm 65: Retirees should be aware of Medicare options

Now that around 10,000 baby boomers are turning 65 each day, many are considering their options when it comes to Medicare. This can be a tedious process with a lot more questions than answers, but it pays to scrutinize every opportunity before making a final decision. 


Imperial Valley News reports that the first question retirees may want to ask is when they should enroll. Overall, older adults have seven months to successfully enroll - three months before, the month of, and three months after their 65th birthday.


Generally, beneficiaries enroll in Medicare Part A, which covers hospital visits, as well as Part B for doctor and outpatient services.

Part C is Medicare Advantage, which combines A and B. Part D is prescription coverage.


It's important to know that, even if retirees are still covered by an employer's plan, it can pay to enroll in Medicare Part A, because it's a free service that could come in handy in the future. However, workers can choose to defer the other parts of the plan.


This can be a critical thing to remember for healthy retirement living, because if deferrals aren't approved, retirees are charged with fines for late registration. 


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