Top Myths About Medicare: What You Need to Know

Debunking Common Misconceptions to Help You Make Informed Decisions

Misinformation can be a major barrier to making informed decisions about Medicare. Here, we debunk some of the most common myths:

Myth 1: Medicare Covers All Medical Expenses: Many believe that Medicare covers 100% of medical costs, but this is not true. Original Medicare has deductibles, coinsurance, and does not include services like dental, vision, or hearing unless covered under a Medicare Advantage plan.

Myth 2: Medicare Advantage Is Always Better Than Original Medicare: While Medicare Advantage plans often offer additional benefits, they come with network restrictions and out-of-network costs that can be high. The choice depends on your healthcare needs and whether you prefer flexibility or structured coverage with added services.

Myth 3: You Don’t Need to Review Your Plan Annually: Many seniors assume their current plan will always be the best fit, but with changes to coverage, costs, and provider networks each year, annual reviews are crucial.

Myth 4: Medicare Part D Isn’t Necessary if You Don’t Take Medications: Prescription drug coverage can be essential even if you currently don’t take any medications. Not enrolling when first eligible can lead to penalties if you need coverage later.

Key Takeaway: Clearing up these myths helps seniors make more informed decisions about their Medicare options and avoid common pitfalls. 

Written by Gennady