Fact Based List:

Some Common Medicare Mistakes People Make

Submitted by Anonymous on Wed, 02/11/2015 - 15:17

  1. Not checking that your doctors, hospitals and other providers are still covered by your Medicare Advantage plan each year.
  2. Not realizing that you may be able to switch Medicare Advantage plans after open enrollment.
  3. Keeping your Part D plan choice on autopilot.
  4. Automatically buying the same Part D plan as your spouse.
  5. Not picking the right medigap plan when you first enroll.
  6. Forgetting that you can sign up for Medicare at 65, even though the full retirement age for Social Security is now at least 66.
  7. Not signing up for Part B at 65 if you have retiree or COBRA coverage.
  8. Forgetting about the deadline for signing up for Part B after you leave your job.
  9. Making financial moves that boost your Medicare premiums.
  10. Not contesting the high-income surcharge for the year you retire.
  11. Signing up for Medicare Part A if you want to keep contributing to a health savings account.

Source: Nasdaq
Source URL: http://www.nasdaq.com/article/11-common-medicare-mistakes-cm...

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