In this Episode of the Secure Your Retirement Podcast, Radon, Murs, and Shawn discuss Medicare planning for people nearing the age of 65. Shawn explains the timelines and eligibility criteria for the Initial Enrollment Period (IEP), Special Enrollment Period (SEP), and General Enrollment Period (GEP).   

Listen in to learn the importance of understanding enrollment periods to avoid late penalties. You will also learn about Shawn’s seamless approach to guiding clients through the complexities of Medicare planning. 

In this episode, find out: 

• Initial Enrollment Period (IEP) – the seven months before, during, and after you turn 65. 
• Special Enrollment Period (SEP) – working beyond age 65 and coming off an employer group plan. 
• General Enrollment Period (GEP) – three months each year to enroll in Medicare parts A and B. 
• Common scenarios – still working with employer coverage, retirees with retiree health plans, and Social Security beneficiaries. 
• The enrollment process – where to go, the required documents, and the potential penalties for late enrollment. 
• Shawn shares his seamless approach to guiding clients through Medicare planning. 

Tweetable Quotes: 

• “Depending on when either your initial or special enrollment period ended, when you come around and enroll into Medicare during the general enrollment, you may have a late enrollment penalty; it all depends on your situation.”- Shawn Southard 
• “There are some things in Medicare once they're done, they can't be undone, so a mistake that you make can be a lifetime mistake, and late enrollment penalties are monthly lifetime mistakes.”- Shawn Southard 

Connect with Shawn: 

• Email: [email protected]  

Resources:

If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.