Medicare is a health insurance plan designed for individuals 65 and older and those who have certain health conditions. Although the program has been around for decades, there are still many misunderstandings about it. If you plan on enrolling in Medicare soon, it is important to find out the facts.
Here are a few common misconceptions about Medicare.
Medicare Pays for All Your Medical Expenses
When some people first enroll in Medicare, they may assume that all of their medical expenses are covered. However, this is not true. It is important to understand that Medicare only covers some of your healthcare costs. You still have to pay premiums, copayments, and deductibles.
Standard Medicare also does not cover yearly eye and hearing tests.
I'm Not Eligible for Medicare If I'm in Poor Health
Unfortunately, some individuals do not sign up for Medicare because they think they will be rejected for their poor health. However, Medicare is not allowed to deny you health insurance if you have pre-existing conditions. Therefore, if you have pre-existing health conditions, don't hesitate to sign up for the program.
Medicare and Medicaid Are the Same
Some people use Medicare and Medicaid interchangeably. Although they may sound similar, the programs are not the same. Medicare offers health coverage for those 65 and over and individuals with serious health problems. Medicaid, on the other hand, provides coverage to individuals with low incomes.
Medicare Doesn't Cover Prescription Medications
This is another common myth about Medicare. Although Original Medicare just has basic drug coverage, Medicare Part D covers prescription drugs and can be purchased through private health insurance. If you need to take prescription drugs, you should make sure that the plan you purchase covers all of them. If you're unsure if a plan covers your medications, don't hesitate to reach out to a Medicare agent.
After I Enroll in Medicare, I Can't Change My Coverage
There are several types of Medicare plans. If you are not satisfied with your current plan, you have the option to enroll in a different plan the following year. As long as you enroll by the deadline, you may be able to change your plan.
As you can see, there are a lot of different misconceptions about Medicare. If you qualify for Medicare and wish to sign up, be sure to do so during the enrollment period.
If you have further questions about Medicare health insurance, contact a Medicare agent.Share