Mistake Number 1
Waiting Too Long
They wait too long to learn about Medicare Advantage, Medicare Supplement Plans or Part D Prescription Drug plans available to you.
You really need to start your research 3-6 months before your 65th birthday. Waiting too long could cause a last minute decision resulting in ending up on the wrong plan for you
Mistake Number 2
Not taking a Part B Plan when first eligible. Not taking Part B could cause a substantial penalty in the future. Part B is part of original medicare and it covers services and supplies that are medically necessary to your health condition. This can include outpatient care preventive services ambulance services and durable medical equipment.
Mistake Number 3
Mistake number 3 is choosing a plan because your neighbor, friend or relative chose that plan. This is in my experience the most common of all medicare mistakes.
Just as every person is unique, each plan is unique to that person. Needs incomes and situations should be factored into choosing a plan. This is where a knowledgeable, caring and professional medicare specialist is most valuable.
Mistake Number 4
Buying a plan based solely on cost.
Buying the most expensive plan doesn’t always mean you are getting the best coverage just as buying the least expensive plan doesn’t always mean all of your needs will be met.
Mistake Number 5
Choosing the wrong agent could be the biggest mistake made.
You want to avoid two types of agents.
Lazy agent is an agent who is in a hurry to get you wrapped up so they can move on with the rest of their day. The lazy agent may also appear unprepared .
Greedy agent is an agent who is only interested in there bottom line and may appear to be hurried, anxious or uninterested in listening to your needs.