I want to go over BAD Medicare advice in this blog today as there is so much out there, so I want you to avoid it as much as you can.
I recently received an email from Mary, and she said, “I’m trying to figure out Medicare, and my sister and brother-in-law have a zero-premium plan, and they tell me not to overthink Medicare.”
This made me cringe. I will say that this is probably the worst advice I’ve ever heard anyone give.
The thing is, their advice can be true. When you’re joining Medicare, you can pick any plan if you don’t care at all. If you don’t care what doctors you see or how much you pay for that coverage, any plan will work. But I can guarantee you, that plan would likely become a nightmare for you down the road.
Just like Mary’s sister and brother-in-law’s with their zero-premium plan (Medicare Advantage plan), this plan will become incredibly expensive when they have health issues.
My advice is to be thoughtful about the Medicare plan that you pick. Because of Medicare insurability rules in most states, the Medicare plan you pick is likely the one you’re going to have for the rest of your life.
Make sure you make a list of doctors you want to see when you’re on Medicare and make sure that those doctors accept the plans you’re looking at. It’s important to remember that Medicare Advantage and those zero premiums plans have their own doctors and networks.
Think about the things you want to have coverage for in the event health issues arise and make sure those things are included in the plan because, as I said above, it’s likely the plan you’ll have for the rest of your life.
Your Medicare decision is such an important decision to get right, and the Medicare nightmares stories you hear are real. But, most importantly, be careful when your family and friends are just telling you to pick anything or choose what they picked.
Pick the right Medicare plan for your unique situation, not anyone else. I don’t want you to put your retirement savings and health care rights at risk.
To easily make the right Medicare decision you can CLICK HERE to sign up for our Medicare Enrollment Concierge.
