Personal Finance

Planning for Medicare

The choices you make can have major impact on the services you receive and your overall costs of health care.

Key Points

  • Nearly all Americans will participate in mandatory enrollment for Medicare when they reach age 65.
  • Begin your planning process no later than six months before you turn age 65. The key is shopping around before you make decisions so that you’ll be able to choose the options that are right for you.
  • The program details, including premiums, usually change annually and can have a big impact on your healthcare costs, so it’s important to stay up-to-date by visiting Medicare.gov periodically.

Next Steps: