Six Critical Medicare Mistakes Everyone Should Avoid

When you're starting your search for a new Medicare plan, there are widespread Medicare mistakes you should avoid making.

In our resource 6 Critical Medicare Mistakes Everyone Should Avoid, we explore the most common mistakes new Medicare beneficiaries make when starting their search for a new Medicare plan. These mistakes include:

1. Not understanding your Medicare coverage options

   1. As a Medicare beneficiary, you have choices for how you receive Medicare benefits, which can meet a wide variety of healthcare needs and budgets.

2. You assume you’ll automatically be enrolled in Medicare when you turn 65

   1. Some people get Medicare Part A and Part B automatically at age 65, but some may have to sign up manually.

3. You wait too long to enroll in Medicare

   1. If you fail to enroll at the right time, you could end up paying lifetime penalties for your Medicare Part B coverage.

4. You don’t check if you qualify for financial assistance

   1. Some of the financial assistance programs available to people with limited incomes and financial resources

5. Assuming you won’t need prescription drugs

   1. It is impossible to know what the future will hold, and ending up in a situation where you need prescription drugs but do not have coverage for them can be costly.

6. Failing to read your Annual Notice of Change

   1. This important document comes in the mail each September if you’re enrolled in a Medicare Advantage plan (HMO or PPO) or a Part D prescription drug plan.

Download your very own copy of the guide below to learn more about each mistake and how you can easily avoid them.

6 Critical Medicare Mistakes Everyone Sh.

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Questions about what Medicare plan best fits your needs? Reach out to a member of the PlanWell Insurance team today for more information.