Americans that are 65 or older are eligible for Medicare and they will need to understand how the program works when searching for affordable healthcare coverage. This article describes the four parts that Medicare has and provides a brief description of each plan that consumers have to pick from. Retirees should also be aware of the Medigap option and consider whether it will be beneficial for them. “Your initial enrollment period for Medicare (all four parts) begins three months before the month you turn 65 and lasts until the end of the third month after your birthday month – a total of seven months.” Senior citizens should become informed about the Special Enrollment Period (SEP) as well as any other enrollment period that is applicable. People will need to carefully sort out all their options and consider the costs associated with the plan they choose.
See Jim Probasco, How Does Medicare Work After Retirement?, Investopedia, January 27, 2016.
