5 Medicare Myths Debunked
Despite the fact that Medicare is used by about 60 million Americans, there is a great deal of confusion about how the program works. In an effort to clear up some of the confusion and educate you further on Medicare, we’ve created this list of five of the most common Medicare myths. By taking the time to understand them, you can reduce your chances of making costly health benefits mistakes.
Myth #1: Medicare coverage is automatic once you turn 65.
Many people believe that as soon as they reach 65, they’ll instantly receive Medicare coverage. The reality is that you will only be enrolled in Medicare Part A and Part B automatically if you are collecting Social Security payments.
If you don’t receive a Medicare card in the mail three months before you turn 65, it’ll be your responsibility to sign up for Medicare by visiting a Social Security office or going online to SocialSecurity.gov.
Myth #2: Medicare is free.
Since Medicare is a government benefit, older adults often assume that they don’t have to pay anything to reap its benefits. Medicare Part A is free if you’ve worked for 40 quarters or 10 years. However, Medicare Part B is not completely free as you will have to pay a premium to collect it. There are programs that can help you pay for Medicare Part B.
Myth #3: Medicare is the same thing as Medicaid.
Although Medicare and Medicaid get used interchangeably, they are two completely different programs. While Medicare is designed for people who are 65 or older and have paid at least 10 years of social security, Medicaid is an insurance program for low-income people of all ages.
Myth #4: Medicare covers everything.
In a perfect world, Medicare would cover all types of medical care and treatments. Unfortunately, this is not the case as there are a few services Original Medicare does not pay for. For example, Medicare does not offer coverage for dental or vision care. You may need to invest in a Medicare Advantage Plan if you’d like to be covered for these services.
Myth #5: Medicare will disqualify me if I have poor health.
The only reason Medicare will disqualify you is if you have end-stage renal disease or kidney failure and need dialysis. If you are leaving an employer plan or are older than 65, you can pick up a Medicare Supplement plan with absolutely no health questions.
Here at Tepsick Insurance, we are experts in all things related to Medicare. If you have any questions about Medicare or how it works, we encourage you to contact us today. We’d be happy to educate you further on Medicare and how you may benefit from a Medicare Supplement or Medicare Advantage Plan. We do not share our customer information with third parties.