What happens if I miss my IEP for Medicare?
If you miss the IEP (Initial Enrollment Period), you can enroll during the GEP (General Enrollment Period) between January 1st and March 31st. The coverage will begin July 1st. Keep in mind that if you miss your IEP, there could be a late enrollment penalty once your benefits start.
When is the Initial Enrollment Period (IEP)?
The first time you can enroll is called your Initial Enrollment Period (IEP), which is a 7-month time frame. It begins 3 months before the month you turn 65, includes the month you turn 65, and ends 3 months after the month you turn 65. For example, if your 65th birthday were in the month…