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If you’re turning 65 in 2021
Approximately 90 days prior to your Medicare eligibility date, you’ll receive information from the Caltech Retiree Service Center about your Medicare plan options and how to enroll in a Medicare plan.
To enroll in a Caltech Medicare plan, you must be enrolled and remain enrolled in Medicare Part A and Part B. You should contact your local Social Security office or visit www.ssa.gov to sign up for Medicare Part A and Part B. In most cases, your Medicare Part A and Part B coverage should be in effect on the first day of the month you turn 65.
Note: It can take 5-10 weeks for Medicare to process your application for Medicare Part B.
You do not need to enroll in Medicare
Part D. The Caltech Retiree Medical plans include a Part D component. If you enroll in a Medicare Part D plan outside of the Caltech Retiree Medical Plan, you WILL jeopardize your enrollment in the Caltech Retiree Medicare plan.
Don’t Wait!
If you delay or take no action before you turn 65, your cost will increase.
A delay in Medicare Part B enrollment could mean higher cost premiums until your Medicare coverage is in place.
Your Defined Dollar Credit (DDC) amount will be reduced to the Medicare-eligible amount on the first of the month in which you turn 65 whether or not you have taken action to enroll in a Caltech Medicare plan.
IMPORTANT:
When you turn 65, you will not automatically be enrolled into a Caltech Medicare plan. Medicare requires you make an independent medical plan election.
If you fail to update your election, you will continue to be billed for the higher cost, non-Medicare plan, however, your DDC will be reduced whether or not you enrolled in a Medicare plan.
Unfortunately, we can’t automatically switch you from a non-Medicare plan to a Medicare plan. You must call the Caltech Retiree Service Center to make your new plan election.
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