• Medicare Enrollment: Five Mistakes to Watch Out For
  • November 28, 2014 | Author: Norman ("Gene") E. Richards
  • Law Firm: Foster, Swift, Collins & Smith, P.C. - Farmington Hills Office
  • One of the benefits of reaching age 65 is the opportunity to qualify for Medicare. Unfortunately, as with many government programs, enrolling for Medicare is usually intimidating and daunting. There are many factors to keep in mind. It is also possible to make bad decisions if you don't have full understanding or guidance.

    Picking the best policy for you can be challenging with so many options available and information to understand. Check out this article by "My Medicare Matters", a nonprofit National Council on Aging (NCOA), for more information on common mistakes made when enrolling in Medicare. The article discusses these common mistakes:

    1. Signing up too early or too late for Medicare and its parts

    2. Not understanding the difference between a Medicare Supplement and a Medicare advantage policy

    3. Guessing when picking specific plans

    4. Not applying for extra help

    5. Not re-evaluating your coverage every year

    Don't end up guessing which policy is right for you; contact Gene Richards to learn more about Medicare enrollment and long-term care planning.