4 Ways to Make the Most of Medicare in 2020
Millions of seniors get health coverage through Medicare, and whether you're relatively new to the program or have been on it for years, it pays to get as much out of it as possible. Here are a few smart moves you can make in the coming year that will help you do just that.
Your initial Medicare enrollment window spans seven months, beginning three months before the month of your 65th birthday and ending three months after it. If you don't enroll in Medicare on time, you'll face a 10% surcharge on your Part B premiums for each 12-month period you're eligible for coverage but don't enroll. There are also penalties for going too long without a Part D drug plan, so don't wait to secure coverage. Not only will you risk paying more for Medicare, but you'll also risk a scenario where you get hurt or fall ill while uninsured.
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Source Fool.com
