You may not need part B yet, yall...

WHEN SHOULD YOU SIGN UP FOR PART B? People often ask me when they should sign up for part B and when they should buy a Medigap. It may surprise you that this is not a one-size-fits-all answer either. We prefer to evaluate the specific situation of every person we help with any part of the enrollment process. Three non-bias resources (in the links below) published by the centers of Medicare and Medicaid, and the Social Security Administration say the following: 

• “The best time to buy a Medigap policy is during your Medigap Open Enrollment Period. This 6-month period begins the first month you have Medicare Part B (Medical Insurance), and you’re 65 or older. (Some states have additional Open Enrollment Periods.) After this enrollment period, you may not be able to buy Medigap. If you’re able to buy Medigap, it may cost more. 
• If you delay enrolling in Part B because you have group health coverage based on your (or your spouse’s) current employment, your Medigap Open Enrollment Period won’t start until you sign up for Part B. 
• Federal law generally doesn’t require insurance companies to sell Medigap to people under 65. If you’re under 65, you might not be able to buy the policy you want, or any policy, until you turn 65. However, some states require Medigap insurance companies to sell Medigap policies to people under 65. If you’re able to buy one, it may cost more.”

So much revolves around your 65th birthday, y’all. You may be in a special situation, you may have other options or valid reasons to delay, but across the board, over all the best time to enroll and purchase coverage is when you are first eligible because of your 65th birthday.  There is much more to consider to make the right decision for you. Don’t just do what your neighbor does and don’t be afraid of asking questions and employing the help of a local agent. If you don’t already have one in mind or are still unsure, text or call me personally. 

My name is Ellie Saul, CEO and Mama Bear of Mamabear resources LLC my number is 341-226- MAMA that’s 341-226-6262. You worked your whole life for this. Protect your retirement.