Missed the Boat on Medicare Enrollment? Sign Up Now.
Medicare provides critical health benefits to millions of seniors, and those benefits kick in once you turn 65. In fact, your initial window to sign up for Medicare starts three months before the month of your 65th birthday, and it ends three months after that month.
It's advisable to sign up for Medicare during your initial seven-month enrollment window for a couple of reasons. First, securing coverage in a timely manner could help you avoid having to pay for medical services out of pocket -- a consequence of not having insurance. Secondly, signing up for Medicare on time could help you avoid costly penalties that wreak havoc on your retirement budget.
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Source Fool.com
