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Turning 65 Soon? How to Prepare for Medicare

Imagine (and maybe you don’t have to imagine) you are turning 65 years old later this year. A significant milestone, if for no other reason than becoming eligible to receive Medicare. What do you do? How should you prepare for it? What is next? Read Up On Medicare Eligibility And Coverage Individuals who turn 65 and have been paying into the Medicare system for at least 10 years (or have spouses who have paid) are among those automatically eligible for Medicare Part A. This part of Medicare covers inpatient hospital insurance, skilled nursing facility care, hospice care, and home health care. Inform yourself on what’s covered, what might require additional coverage and how you fit in. Enroll in Medicare Part B Getting covered in Medicare Part B — medical insurance — requires enrolling in the program three months before you turn 65. Delaying enrollment could mean having to pay a…