How Well Do You Know Medicare? Take the Quiz and Find Out!What is the "Initial Enrollment Period (IEP)"?7%Next Correct Incorrect The 7-month window around age 65 to first sign up for Medicare What is the "Initial Enrollment Period (IEP)"? The time between October and December each year to adjust Medicare plans The 7-month window around age 65 to first sign up for Medicare The open enrollment period for Medicaid The phase to pay back Part B penalties 7%