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4 Medicare Myths You Can Confidently Ignore

When it comes to Medicare, there are a lot of Medicare myths and misconceptions floating around—maybe you’ve encountered information on social media or in conversation and thought, “Is that really true?” You deserve accurate information on your health coverage and your Ohio, Kentucky, Indiana, and Florida Medicare options.

Read further as our advisors debunk some common Medicare myths.

“Medicare Is Only for Retirees”

Our advisors correct this Medicare myth all the time. In fact, retirement isn’t a requirement for Medicare. You can continue your career and enjoy the benefits of a Medicare plan once you become eligible at age 65.

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“Medicare Is Free”

When you enroll in Medicare, you will still pay monthly and out-of-pocket costs for your plan. These vary based on the kind of coverage you choose:

  • Original Medicare (Part A and Part B)
  • Medigap/Supplement plan
  • Medicare Advantage plan
  • Medicare Prescription Drug plan

If you want help comparing costs for your Ohio, Kentucky, Indiana, or Florida Medicare options, you can contact our advisors for guidance.

“Medicare Doesn’t Give You as Many Options”

Sometimes people assume that because Medicare is run by the government, it’s a one-size-fits-all program. But this is another one of the Medicare myths!

Compared to your employer group coverage, Medicare typically offers you far more health insurance plan options. Where you may have chosen from only a couple of plan options when you enrolled in employer coverage, you have dozens of Medicare options. Medicare allows you to customize your coverage more closely to your unique needs.

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For example, do you need a plan that will travel with you? Would you rather pay more in monthly premiums or more when you visit the doctor? Do you want lifestyle benefits included in your plan, such as a gym membership?

You have access to Medicare benefits like grocery gift cards, allowances for over-the-counter products, and even flex-spending cards for glasses, hearing aids, and dentures. Our advisors will help you compare all available plans and enroll in the right one for your needs.

“Medicare Is Complicated”

It doesn’t have to be. You have a team of expert advisors in your corner, so you never have to navigate the world of Medicare alone. We can help you understand your Ohio, Kentucky, Indiana, and Florida Medicare options during Annual Enrollment and beyond.

Schedule a call with us to talk through your situation and get no-cost, no-obligation advice on your next steps.

If you’re a RetireMed client, you can reach your advisors by calling 937.915.3563