9 Major Medicare Mistakes

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7. Not Getting Extra Coverage

Medicare Editorial

Medicare does provide some coverage, but it does cover all your medical needs and expenses. Medicare Part A covers hospital expenses and Part B is medical insurance. Neither plan has prescription drug coverage. Also, things like hearing aids, dental care, and eye exams are not covered.

The lack of prescription coverage is often surprising for new Medicare users, especially when they visit the pharmacy or go to the dentist and are given a large bill. However, you can pick additional options to cover some of the expenses when you buy Medicare coverage.

  • Medicare Part D: An option that pays for prescription medications
  • Medicare Advantage: Known as Medicare Part C, the plans are offered by private insurance companies nationwide. They provide Medicare Part A and Part B benefits plus offer prescription drug coverage. In some situations, they pay for eye exams, wellness, dental and hearing aids.

6. Thinking You Need the Same Coverage as Your Spouse

Medicare Signup

New enrollees often assume that they must have the same plan as their spouse. However, you might need different plans to meet your unique healthcare needs. Usually, picking the plan that is best for you will help save money in the long run.

If you have a lot of prescription medications, then you might need Medicare Part D or a Medicare Advantage Plan, but your spouse might use no medication do not need such costly options.

5. Not Checking Providers

Confused Doctor

You will need to look at local providers when picking a network type. With Medicare, you can go to a physician, clinic, or hospital that is enrolled in Medicare and accepts Medicare patients. You do not need a referral for a specialist, but you will need to pick a primary care physician.

With a Medicare Advantage plan, things quickly become complicated because you will have to choose a network type such as a Health Maintenance Organization (HMO), Preferred Provider Organization (PPO), or Private Fee-For-Service (PFFS). You will want to make sure your healthcare provider works with whatever plan you choose.

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