Did you know that many people don’t fully understand how Medicare works? With so many parts, rules, and enrollment periods, it’s easy for misinformation to spread. At Medicare Info, we’re here to clear up some of the most common Medicare myths so you can make confident, informed decisions about your healthcare coverage.
Myth #1: Medicare Part B Is Free
One of the most common misconceptions is that Medicare Part B comes at no cost. Unfortunately, that’s not true. Like Medicare Parts A and C, Part B includes monthly premiums, deductibles, copays, and coinsurance. Understanding these costs ahead of time can help you avoid surprises.
Myth #2: You Can Enroll in Medicare Anytime
Medicare enrollment isn’t open year-round. While there are certain situations that allow for Special Enrollment Periods, most people must enroll during designated windows. With Open Enrollment, it’s a great time to review your options and sign up or make changes.
Myth #3: Medicare Costs the Same for Everyone
Medicare costs can vary depending on the coverage you choose. Different plans cover different services, which means out-of-pocket costs may differ from one person to another. Your healthcare needs and plan selection play a big role in what you’ll pay.
Myth #4: Medicare Covers Everything
It would be nice if Medicare covered all healthcare expenses, but that’s not the case.
- Medicare Part A covers hospital stays and inpatient services.
- Medicare Part B covers doctor visits and outpatient care.
Services like prescription drugs, dental, vision, hearing care, and fitness programs typically aren’t covered unless you enroll in additional coverage, such as a Medicare Advantage or Part D plan.
Myth #5: Medicare and Medicaid Are the Same
While both are government-sponsored programs, Medicare and Medicaid serve different purposes. Medicare primarily covers seniors and individuals with certain disabilities, while Medicaid helps people with limited income and resources. Another key difference is how they’re administered: Medicare is federally run, while Medicaid programs are managed by individual states. Some people qualify for both programs, and this is known as being dual eligible.
Want to learn more or find the Medicare plan that’s right for you?
Now is the perfect time to connect with a licensed insurance professional at Medicare Info. We make it easy to understand your options and find coverage that fits your needs. Contact us today to get started!