Did you know that many people misunderstand how Medicare actually works? At Medicare Info, we’re here to set the record straight by breaking down some of the most common Medicare myths, and giving you the facts you need to make confident healthcare decisions.
Myth #1: Medicare Part B is Free
Fact: While many assume Medicare Part B comes at no cost, that’s not the case. Like other parts of Medicare (A and C), Part B includes a monthly premium, as well as potential deductibles, copays, and coinsurance. It’s important to understand these costs so you can plan your healthcare budget accordingly.
Myth #2: You Can Enroll in Medicare Anytime
Fact: Unfortunately, enrollment isn’t open year-round. Unless you qualify for a Special Enrollment Period, you can only sign up during designated enrollment windows. The good news? Open Enrollment is happening now, making it the perfect time to review your options and ensure you’re covered.
Myth #3: Medicare Costs the Same for Everyone
Fact: Medicare costs can vary based on your income, coverage choices, and the specific plan you select. Premiums, deductibles, and copays may differ, so it’s essential to compare your options carefully to find a plan that fits both your healthcare needs and your budget.
Myth #4: Medicare Covers Everything
Fact: We wish this one were true! Original Medicare covers a lot—but not everything.
- Part A helps with hospital stays and inpatient services.
- Part B covers outpatient care, doctor visits, and some preventive services.
However, Medicare doesn’t cover most prescription drugs, dental, vision, hearing, or fitness services. You may need to explore additional coverage, like Part D or Medicare Advantage (Part C), to fill those gaps.
Myth #5: Medicare and Medicaid Are the Same
Fact: While both are government programs, they serve different populations.
- Medicare primarily covers people age 65+ or those with qualifying disabilities.
- Medicaid helps individuals and families with limited income and resources.
Some people qualify for both, known as “dual eligibility”, and can receive benefits from both programs simultaneously.
Get Expert Help Choosing the Right Medicare Plan
Understanding Medicare can be tricky, but you don’t have to figure it out alone. Medicare Info connects you with licensed insurance professionals who can help you explore your options, compare plans, and make sure you get the coverage that’s right for you.
Ready to get started? Fill out our form and get connected to a licensed insurance agent today and take the guesswork out of Medicare.