Late Enrollment
Missing initial enrollment periods can lead to hefty penalties and gaps in coverage.

Wrong Plan Choice
Choosing the wrong plan can result in inadequate coverage, leaving you with high out-of-pocket expenses.

Ignoring Drug Plans
Failing to sign up for Part D can lead to penalties and expensive prescription drug costs.

Assuming Full Coverage
Medicare doesn’t cover everything, leading to unexpected out-of-pocket costs for certain services.

Skipping Medigap
Not getting supplemental insurance can leave you vulnerable to high medical costs.

Failing to Reevaluate
Not reviewing your Medicare coverage yearly can leave you stuck with a costly or inadequate plan.

Misunderstanding Networks
Not realizing that some Medicare Advantage plans limit you to specific networks can reduce care options.

Long-Term Care
Medicare doesn’t cover long-term care, leaving individuals unprepared for extended care expenses.

Skipping Part B
Opting out of Part B when first eligible can lead to costly penalties if you need it later.