Ep 1: 7 Deadly Mistakes You Make With Your Medicare

As part of our wealth and tax planning, we work with people on healthcare and long-term care options. Many of the questions we get involve Medicare, which isn’t surprising because it can be pretty confusing. Today we’ll explain the basics of the program and then identify seven key mistakes that people make with Medicare.

Read more and get additional resources here: https://www.mlnrp.com/ 

Listen to the full episode or use the timestamps below to find a specific segment. 

1:24 – How does Medicare work?

3:48 – How advantage plans started

5:00 – Understanding what Medicare will cover

6:14 – None of the supplements cover long-term care

6:41 – If I drop/change a Plan F Supplemental, can I get it back?

7:53 – The 3 enrollment periods

8:36 – Part D prescription plan covering all medication?

9:35 – No out-of-pocket expenses

11:43 – The premiums are taken out of my Social Security benefits

12:33 – Pre-existing conditions

13:21 – Are you sacrificing care for not paying out-of-pocket expenses?

15:06 – Getting plans online vs using a broker

16:54 – Next steps if you want a Medicare evaluation