The Top 5 Medicare Mistakes Seniors Make and How to Avoid Them

 "The Top 5 Medicare Mistakes Seniors Make and How to Avoid Them":

Navigating Medicare can be tricky, and it's easy to make a few mistakes along the way. But don’t worry, understanding some common pitfalls can help you avoid them and save time, money, and frustration. Here are the top five Medicare mistakes seniors often make—and some simple tips on how to steer clear of them.

1. Not Reviewing Your Medicare Plan Every Year

Many seniors stick with the same plan year after year, but plans change! Whether it's the cost, coverage, or the doctors in your network, annual changes can affect how well your plan fits your needs. Make it a habit to review your plan during the Annual Enrollment Period (AEP) (October 15 - December 7) to ensure you're still getting the best value.

2. Assuming Your Medications Are Always Covered

Never Assume  Medicare Part D plans change their list of covered medications (formulary) every year. Don’t assume that your prescriptions will always be covered at the same price. Each year, take a moment to check your plan's formulary and compare your options. Medicare Agent

3. Missing the Medicare Enrollment Deadlines

There are specific time frames for enrolling in Medicare, and missing these deadlines can result in late enrollment penalties. If you’re turning 65, make sure you sign up during your Initial Enrollment Period (three months before and after your 65th birthday month).

4. Forgetting to Add Medigap or Medicare Advantage for Extra Coverage

Original Medicare covers a lot, but it doesn’t cover everything. If you need help with out-of-pocket costs, consider adding a Medigap plan or switching to a Medicare Advantage plan that includes extra benefits like dental, vision, or prescription drug coverage. SEARCH

5. Not Getting Help When You Need It

Medicare can be confusing, but you don’t have to figure it out alone. If you’re unsure which plan is best for you or have questions about coverage, consider speaking with a Medicare Trusted Advisor who can guide you through the process.

Conclusion

Avoiding these common Medicare mistakes can help you save money and get the coverage you need. Remember to review your plan each year, double-check your prescription coverage, and ask for help if you’re unsure about your options. Being proactive can make all the difference!