In this blog, I want to talk about how you can unknowingly make a Medicare mistake and not realize it before it’s too late. Sometimes these mistakes are discovered months later or even years later. No matter the time frame, they are almost always very costly.
I recently got a call from a woman in Illinois, and she had turned 65 almost a year ago. She did all her Medicare research on her own. She talked to other people, and she spoke with Medicare directly to get recommendations on what to do. Because of her extensive research, she was confident in her decision.
Fast forward 12 months later, she found out the decision she had made was not the right one. Unfortunately, she had got bad advice from the Medicare person she spoke with, and that advice will cost her around $20,000.
Here is the thing: she had employer-related health insurance and was told it would cover her after she turned 65, and it did not pay her claims because Medicare should have been primary for her.
Due to Medicare rules, we may not be able to get her enrolled in Medicare until next July.
Not to mention, she was scheduled to have hip replacement surgery next month, but she will have to reschedule because of this insurance mess that she is in.
I have told this story before and I will continue to tell it because I want you to understand that Medicare is confusing. Unfortunately, even Social Security and Medicare employees don’t understand all of the rules and can provide bad information. So, if you’re not asking the right questions and talking to the right person, you’re probably not getting the right advice.
Even in your best efforts, you could easily miss some critical information that could end up costing you a lot of money down the road.
‘Little” Medicare mistakes can quickly add up, which end up impacting your health care rights as well as your retirement savings.
To get help with your Medicare decision, you can register for my next free online Medicare workshop by going here: https://join.themedicarecoach.com/free-workshop
