Medicare eligibility begins at age 65 for most people. If you are turning 65 soon, you are next up to join the ranks of Medicare beneficiaries. Here’s what you need to know to get prepared.
Retirement used to be closely linked to turning 65. No more. The full retirement age for anyone born in 1943 or later is at least 66. It’s 67 if you were born in 1960 or later. Full retirement age is the age at which you can receive 100% of your Social Security retirement benefit.
Once upon a time, turning 65 years old meant you could get your full Social Security retirement benefits and Medicare coverage at the same time.
It’s tempting to keep the same Medicare coverage year after year without questioning it. Your current Medicare coverage renews automatically every year unless you actively make a change.