Turning 65? Let’s Make Medicare Easier to Understand.

 Your Initial Enrollment Period generally begins three months before the month you turn 65, includes your birthday month, and continues for three months afterward. Starting early gives you time to understand Medicare and make informed coverage decisions. 

 Original Medicare includes Part A for hospital coverage and Part B for medical coverage. Together, they provide the foundation of Medicare, but they do not cover every healthcare expense. 

 You can remain with Original Medicare and consider a Medicare Supplement and Part D prescription drug plan, or you may choose a Medicare Advantage plan. Each approach works differently and has its own advantages and considerations. 

This is where personalized guidance matters. Everyone’s situation is different. Aura helps you carefully compare your options so you can choose coverage that fits your healthcare needs, preferences and budget. 

 Your physicians, hospitals, medications, preferred pharmacies, travel habits and budget can all influence which Medicare coverage may be appropriate for you. Reviewing these details before selecting coverage is important. 

Turning 65 doesn’t necessarily mean you have to leave your employer health plan or immediately enroll in every part of Medicare.

If you or your spouse are still actively working and you have employer-sponsored health coverage, your Medicare enrollment options may depend on the size of the employer, the type of coverage you have, and whether that coverage is considered creditable. In some situations, delaying Part B or Part D may be appropriate without a late-enrollment penalty.

 Enrolling in any part of Medicare can affect your ability to continue making HSA contributions, and Medicare Part A may be retroactive for up to six months in certain circumstances.

Before making a change, Aura can help you review your current employer coverage, Medicare eligibility and timing so you can understand your options and avoid unnecessary coverage gaps or enrollment penalties.