In this Medicare 101 video CoverRight CEO, Richard Chan discusses the basics of Medicare and covers Selecting and Enrolling in Your Medicare Plan On-time and Penalty-Free. This presentation was done in collaboration with GetSetUp. After this session, you will be able to:
- Understand why you should get your Medicare A&B squared away early
- Define your IEP and why it is important along with actions you should take during this time period
- Establish when coverage starts
- Explain why waiting to enroll later in your IEP can still cost you more money even if it will be penalty-free
- Be ready to enroll in Medicare on time and penalty-free
- You will know the difference between Medicare parts (A, B, C, D etc.)
- Learn about the different enrollment windows and who can make changes during those times
- Have a deeper understanding of the Medicare Drug plans (what they cover, how they are priced, and what you’ll pay) and more