Myths about Medicare

Medicare Open Enrolment season is almost here and this is typically the time when there is a lot of confusion and misinformation about Medicare. I just want to deal with the most common misconceptions:

1. The Affordable Health Care Act does not mean that a medicare eligible person does not need medicare supplement along with original medicare. The main focus of the Act is Health Plans for persons who are under 65 years of age. If you are turning 65 and plan to stay with Original Medicare, you still need a Medicare Supplement.

2. If you are currently on MEDICAID  you do not need a Medicare Supplement or a Part D Prescription Drug Plan. 

3. If you have a Medicare Part C Plan (Medicare Advantage) then during the Open Enrolment period you can leave these plans and go  back to Original Medicare and a Supplement. You are guaranteed issue during the Open Enrollment and pre-existing conditions do not matter, you cannot be denied coverage.

4. All Medicare Supplement Plans offer the same coverage. So if someone is telling you that one Company's Plan F is better than another Company's Plan F; that is incorrect.

When in doubt please consult an Insurance Professional who specializes in Medicare.