Tip of the Week: Planning for Medicare -- Countdown to 65
Robert Powell, CFP®
Are you turning 65 this year? Then you better start thinking about enrolling in Medicare. But when should you enroll?
Turning 65: Well, if you're turning 65 this year and collecting Social Security you've got nothing to worry about. Your Medicare card should arrive automatically three months prior to your 65th birthday. Coverage will start on the first of the month of your 65th birthday unless you were born on the first of the month in which case coverage begins on the first of the previous month.