Medicare, made clear.
Medicare is divided into parts. Here’s how they fit together, when to enroll, and how your choices connect to your taxes.
A, B, C and D, in plain English.
Medicare enrollment dates cheat sheet
Every enrollment window and penalty to know.
Filling the gaps in Original Medicare.
If you choose Original Medicare (Parts A and B), you’ll likely want a private Medicare Supplement, or Medigap, plan to help cover deductibles, copayments and other out-of-pocket costs.
- Plans are standardized by letter.Plans with the same letter offer the same basic benefits; usually only the price differs between insurers.
- Timing matters.Your best window is the 6 months starting when you’re 65 and enrolled in Part B. After that, insurers in most states can charge more or turn you down based on health.
- Plan F isn’t available to newer enrollees.If you became eligible for Medicare on or after January 1, 2020, you can’t buy Plan F or C. Plan G is the closest alternative.
Enrollment windows to know.
- Initial Enrollment Period7 months: the 3 months before your 65th birthday month, that month, and the 3 months after.
- Annual Open Enrollment · Oct 15 to Dec 7Switch Medicare Advantage or Part D plans for the next year.
- General Enrollment · Jan 1 to Mar 31Sign up for Part A or B if you missed your initial window. Late penalties may apply.
- Medicare Advantage Open Enrollment · Jan 1 to Mar 31If you’re in an Advantage plan, switch plans once or return to Original Medicare.
Part B and Part D premiums go up for higher incomes, based on your tax return from two years earlier. A large IRA withdrawal or Roth conversion can push you over a threshold, so we plan those moves with Medicare in mind. If your income dropped because of a life change like retirement, you may be able to appeal.
Medicare Made Simple: Your Choices at 65
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Platinum Tax Advisory is not affiliated with or endorsed by Medicare or any government agency. This page is general information, not advice for your situation.