This episode explores the critical "second chances" for Medicare enrollment, focusing on the options available to those who missed their initial window at age 65. We break down the differences between the General Enrollment Period and various Special Enrollment Periods triggered by life events like moving, retiring, or losing employer coverage. Most importantly, we provide a guide to navigating these windows to ensure continuous coverage and, crucially, to avoid the permanent late-enrollment penalties that can drain your retirement budget for a lifetime.