The Top 5 Medicare Mistakes to Avoid During Open Enrollment

Introduction

Open enrollment is a key time to adjust your Medicare coverage, but it’s also easy to make mistakes that could impact your healthcare costs and services. Here are the top 5 mistakes to avoid during Medicare’s open enrollment period.

Key Sections

1. Not Reviewing Your Plan Annually
   Plans change every year. Failing to review could mean missing out on better benefits or lower premiums.
2. Overlooking Prescription Drug Coverage
   Not all Medicare Part D plans cover the same medications. Make sure your prescriptions are covered at a reasonable cost.
3. Ignoring Medicare Advantage Network Changes
   Providers in Medicare Advantage networks may change. Ensure your preferred doctors and hospitals are still in-network.
4. Assuming Medicare Covers All Costs
   Original Medicare doesn’t cover everything. Look into supplemental insurance (Medigap) to fill coverage gaps.
5. Missing the Enrollment Deadline
   Missing the deadline can lead to penalties or gaps in coverage. Set reminders for the open enrollment period.

Conclusion

Avoiding these common mistakes will help you get the most out of your Medicare coverage. If you’re unsure about your plan, we can help you evaluate your options.