For individuals that qualify, Medicare can be an important type of medical coverage that can provide them with necessary access to medical care. Despite the fact that millions of individuals are enrolled in Medicare, there are still a few misconceptions about this type of protection.
Myth: Medicare Insurance Is Only For Elderly Individuals
While it is true that the Medicare program is primarily designed to support elderly individuals, it is also the case that individuals who are disabled may be able to receive this coverage. In fact, there are states where individuals who are approved for disability benefits will automatically be enrolled into the state's Medicare program. This can be an invaluable type of coverage for these people as they may have limited options for affordable health coverage.
Myth: Medicare Insurance Will Always Cover The Full Costs Of Your Medical Needs
Medicare is a popular health coverage option, and this may be due to its expansive and generous coverage. However, there are some types of medical coverages that this protection will not be able to cover. For example, you may still have to pay for your prescriptions out of your own pocket. This can be a major expense for many individuals who experience chronic conditions. In order to minimize these potential issues, it is possible to purchase Medicare Advantage plans that will be able to provide you the additional coverage that a standard Medicare plan does not completely cover. Furthermore, these policies are also extremely affordable, which can make it possible for any individuals that are on a fixed income to be able to afford this coverage.
Myth: You Will Always Have The Same Medicare Insurance Plan
Another belief that people may have about Medicare coverage is that they will always have to keep the same policy. However, there is actually a yearly enrollment period where individuals will be able to search and buy coverage. This can allow individuals to have the freedom to switch insurance providers in the event that they want to change their Medicare advantage policy provider. However, you should be aware that there are penalties for enrolling in this type of coverage outside of the yearly enrollment period, and these penalties can result in a rate hike on your policy. As a result, any individuals interested in Medicare will want to ensure that they have purchased one of these policies by the end of the enrollment period.