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CoverRight CEO, Richard Chan explains when your Medicare Coverage becomes effective and how it depends on when you sign up. It is not necessarily as simple as many people think. If you're not careful you might have a coverage gap before your Medicare plan starts. Watch this episode to learn all the details.
We explain the following Medicare topics:
- Signing up in the first three months of your IEP (initial enrollment period)
- When your plan starts if you enroll the month of your birthday
- The different effective dates which are based on when you enroll in the final three months of your IEP.
- Richard also discusses a new proposal by the CMS that would potentially change the delayed start date process. You can learn more about that here:
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If you have questions or want to speak with someone about your specific Medicare situation contact us.
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00:00 Introduction
00:56 When Does Your Medicare Coverage Become Effective
04:19 Proposed changes by CMS to when coverage starts
05:42 Summary and Tips for First Time Medicare Enrollees
When Does Your Medicare Coverage Become Effective
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