Medicare Mistakes to Avoid — 15 Questions Everyone Should Ask Before Enrolling

Medicare Mistakes to Avoid Before You Enroll

Avoid common Medicare mistakes involving enrollment deadlines, prescriptions, provider networks, Part B, Part D and Medicare Advantage.

Medicare Mistakes to Avoid Before You Enroll

Medicare mistakes can be frustrating—and some can be expensive.

Here are questions everyone should ask before making a decision.

FAQ

1. Am I enrolling at the right time?

Know your Initial Enrollment Period and any applicable Special Enrollment Period.

2. Do I need Part B?

Don't automatically decline Part B without understanding the consequences of your existing coverage.

3. Do I have employer coverage?

If you're still working, investigate how employer insurance coordinates with Medicare.

4. Do I have creditable prescription coverage?

This can affect your Part D enrollment decision.

5. Are my doctors in-network?

Especially important when considering Medicare Advantage.

6. Is my hospital in-network?

Don't assume it is simply because your doctor is.

7. Are my medications covered?

Always verify.

8. Am I looking only at the monthly premium?

That's a mistake.

Consider the total potential cost.

9. Do I understand my deductible?

Know when you pay it and what it applies to.

10. Do I understand my out-of-pocket maximum?

If you're considering Medicare Advantage, understand the plan's annual maximum for covered services.

11. Do I understand the difference between Medigap and Medicare Advantage?

They are fundamentally different types of coverage.

12. Did I check the prescription formulary?

Never assume your medication is covered simply because the plan offers Part D.

13. Did I check the pharmacy network?

Your preferred pharmacy can affect your prescription costs.

14. Am I choosing based on an advertisement?

Advertisements are designed to get your attention.

Your healthcare needs should drive the decision.

15. Did I compare more than one option?

This is where an independent agent can potentially make the process easier.

JRF Services is an independent agency working with multiple carriers and provides Medicare education and enrollment assistance.