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Applying for Retirement

Applying for Retirement

You’ve finally reached that point in your career, where it’s time to enjoy all the years of hard work. It’s put in hours and hours working away, and now you can kick back in retirement. Retirement is one of the most enjoyable times of your time, but it can be confusing making that transition. How do you apply for retirement? You need to make sure that you’re getting all of the benefits that you deserve, and that you haven’t missed any vital deadlines.

We know that this can be a confusing and difficult process, but that’s why we are here to help. At MedicareWallet.com, it’s our mission to ensure that you’re getting the most out of your Medicare plan and out of your retirement opportunities.

Applying For Retirement – The Requirements

If you’re wanting to get retirement benefits, like enrolling in Medicare and getting Social Security benefits, there are several requirements that you’ll have to meet. Sure, you might be able to retire early, but there are a lot of programs and benefits that you won’t be able to receive. Not being able to get those benefits could drastically limit the things that you can do in retirement.

First of all, when you apply for retirement through the Social Security office, it’s straightforward to do. In fact, you can do the application online, and it will only take you 15 minutes to complete. Thanks to the Internet, you won’t have to drive to the closest office. There are not any documents that you’ll have to sign or proof. While it’s easy to apply for retirement, there are some other notable factors that you’ll need to know.

The most important is Medicare. Medicare is one of the best ways to ensure that you’re getting the health care coverage that you need when you reach retirement. There are only two simple requirements that you have to meet to qualify for the program. You’re allowed to apply for Medicare three months before you turn 65, and that includes the month that you turn 65. That enrollment period will end three months after you turn 65. If you don’t enroll in those six months that you are first eligible, you’ll have to pay some fees and penalties.

There are two mains parts of Medicare, Parts A and B. Part A is not going to cost you anything to enroll, which means that regardless of your health insurance status, you should enroll in Part B. Part B, on the other hand, is going to require that you pay premiums to get the coverage. The premiums are going to depending on your income when you enrolled in the program. There are some cases where it would be wise to delay enrolling in part B.

Another program that you’ll need to apply with when you’re entering for retirement is Social Security. If you’re at least 61 years old and nine months when you applied for retirement, you’ll also be applying for Social Security as well, but you can delay getting those Social Security benefits, which will increase how much you receive from the program when you do enroll. You can get extra credits for every year that you skip applying. If you have the money that you need and don’t need the SS benefits, then we are firmly suggest that you hold off as long as you can to maximize what you’ll get out of your SS account during retirement.

These are the main components of applying for retirement. In most cases, it’s much easier than retirees think. The application process won’t take long, and they are relatively simple to complete. If you have any questions on the applications, a Medicare or Social Security agent will be happy to clarify to ensure that everything is answered correctly.

Life in Retirement

Retirement is an exciting time of life. It’s the time that you get to enjoy all of your hard work and start doing the things that you enjoy. Going from working 40 hours every week to not having those career obligations can be a dramatic shift, but it’s important that you get the most out of your retirement and enjoy all of the opportunities that you have.

If you have any questions about applying for Medicare, Social Security, or you want to purchase a Medigap policy, please contact us today. We would be happy to answer any questions that you have and ensure that you’re getting the best coverage that you need.

We know that it’s confusing trying to juggle all of the applications, programs, benefits, and premiums that you have to pay. We have made it our mission to ensure that all seniors are getting the health care coverage that they need, without having to pay massive fees or penalties.

At MedicareWallet.com, we want to provide you with the resources that you need to not only apply for each program but also to fulfill all of the dreams that you’ve been working towards. We have various articles on health, wealth, and enjoyment that we hope you will be able to use.


MedicareWallet.com is an unbiased, online resource for individuals turning 65 or already on Medicare. Our utmost goal is to provide information in a way that is user-focused, informative and ethical. With a combined 40 years of experience in the Medicare market, we can answer any questions about Medicare and Medigap insurance. Feel free to reach out to us at 800.376.0824 or by email atinfo@medicarewallet.com.

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