Life Events - Retiring from the University of Michigan:
medicare part b enrollment periods

 

Enrollment Period

Timeline for Enrollment
(for you and/or your spouse)

When to Enroll

Initial Enrollment Period
(IEP)

  • Begins 3 months before the month you turn 65
  • Ends 3 months after the month you turn 65

 

If you apply in this month of your (IEP)

Your Medicare Part B start day will be

1

The first day of the month in which you turn 65

2

The first day of the month in which you turn 65

3

The first day of the month in which you turn 65

4
(the month you turn 65)

The first day of the first month after you apply

5

The first day of the second month after you apply

6

The first day of the third month after you apply

7

The first day of the third  month after you apply

 

You and/or your spouse would enroll during this period if:

  • You are retiring within this enrollment period
  • You are already retired and you and/or your spouse or OQA are now turning age 65

Your OQA (Other Qualified Adult) must enroll during their initial enrollment period regardless of employment status.

Special Enrollment Period
(SEP)

  • Any time you are covered by an employer or union group health plan through your or your spouse’s current employment
  • During the 8 months following the month that the employer or union group health plan coverage ends or when the employment ends

You would enroll during this period if:

    • You are retiring some time after your initial enrollment period and are age 65 at retirement
    • Enroll by the end of the month in which you retire for Medicare Part B coverage to begin the first of the month following your retirement date
    • If you wait beyond the end of the month in which you retire your Medicare Part B coverage will not begin until the first of the month following application
    • If you wait beyond 8 months, you will have to enroll during the (GEP). see below
    • Waiting beyond the end of the month in which you retire will leave you with limited health coverage.  The University will not pay for services Medicare should have covered.

General Enrollment Period
(GEP)

  • January 1 through March 31 of each year
  • Medicare Part B coverage will start on July 1 of the year you enroll
  • The cost of Medicare Part B will increase 10% for each 12 month period you could have been enrolled but did not

You would enroll during this period if:

  • You did not enroll during the Initial Enrollment Period or the Special Enrollment Period when first eligible

 

Next: Your U-M Benefits in Retirement