3 Common Medicare Mistakes (and How to Avoid Them)
- Stephanie James
- Aug 17
- 1 min read
Medicare is one of the most important parts of retirement, but it’s also one of the most confusing. Even small oversights can lead to higher costs down the road. Here are three of the most common mistakes people make — and how you can avoid them.
Delaying Enrollment: If you
miss your initial enrollment window for Medicare Part B or Part D, you may face permanent late penalties. Knowing your enrollment dates is essential.
Not Reviewing Coverage Each Year: Medicare plans change annually. Prescriptions, provider networks, and costs may shift — which means the plan that worked last year may not be the best this year.
Overlooking Out-of-Pocket Costs: Medicare doesn’t cover everything. Dental, vision, and long-term care are major expenses that can catch retirees off guard if they don’t plan ahead.
The more you understand how Medicare works, the fewer surprises you’ll face. Taking time to review your options each year and plan for gaps in coverage can save money and stress later.
Comments