Money Monday: Understanding Medicare before signing up

Americans can sign up for Medicare -- a federal health insurance -- once they reach the age of 65.

But it’s important to understand several steps in order to choose the right plan for you when it comes the time.

Watch the video above to learn more.

Read more from Medicare.gov:

• Welcome to Medicare! Tips to get started
• Get started with Medicare
• Plan for my first year
• Support: Talk to someone

Read more from LetsMakeAPlan.org:

• Understanding Medicare
• 6 steps to prepare for Medicare
• Financial tips for health care planning

Read more from Centers for Medicare and Medicaid Services: Top 5 things you need to know about Medicare Enrollment

Read more from Somerville Cambridge Elder Services: What should you do to prepare for Medicare at age 64?

More: Money Monday section