5 Medicare Moves You'll Really Regret

5 Medicare Moves You'll Really Regret

As I write this, open enrollment season for Medicare is in full swing – which means that hordes of retirees are in the middle of making expensive mistakes regarding their Medicare plans. For example, a retiree who misses his initial Medicare enrollment window by six months could be charged an extra $80 per month for the rest of his life (see the next section for more on this). And that's just one way that messing up your Medicare can cost you!

When you first become eligible for Medicare, you have a seven-month initial enrollment period that begins three months before the month in which you turn 65 and ends three months after the month in which you turn 65. For example, if you turn 65 sometime in June of 2018, your initial enrollment period would begin March 1, 2018 and would end September 30, 2018.

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Source: Fool.com