Key Decisions to Avoid When Enrolling in Medicare

Key Points:

Being strategic with Medicare decisions can impact your healthcare costs.

1. Waiting to enroll:

• Beware of steep penalties for late enrollment.
• Sign up for coverage during your initial Medicare enrollment window.

2. Choosing Medicare Advantage from the start:

• Consider potential higher costs and limited in-network providers.
• Miss out on Medigap if you start with Medicare Advantage.

3. Sticking with the same Part D drug plan:

• Explore other Part D plan options yearly during open enrollment.
• Review the cost of medications and switch plans if necessary.

Make informed Medicare decisions to avoid financial burdens in retirement.