Medicare Team discusses hesitation around changing plans, late enrollment penalties, Part B premium considerations, and fear of the unknown when reviewing coverage.

The team also breaks down Medicare Advantage vs. Medicare Supplement, explains the difference between Medicare and Medicaid, highlights pharmaceutical assistance programs, and discusses when additional insurance may be needed for hospital costs.

Takeaways

The Annual Enrollment Period is a critical time to review and update your Medicare coverage.

• Importance of the Annual Enrollment Period
• Common Medicare mistakes to avoid
• Late enrollment penalties and how to avoid them
• Understanding Medicare Part B premiums
• Medicare Advantage vs. Medicare Supplement
• When additional insurance may be needed for hospital costs

Chapters

00:00 Why the Annual Enrollment Period Matters

06:17 Late Enrollment Penalties Explained

12:30 Medicare Advantage vs. Medicare Supplement

18:35 Additional Insurance for Hospital Costs

📞 Have questions or want a second opinion on your Medicare coverage? Call (717) 807-7649 to speak with on of our trusted Medicare advisors.

🌐 Learn more or book an appointment at medicareteam.com