Medicare should come with these 4 warning labels

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Medicare should come with these 4 warning labels
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Medicare enrollment can present an overwhelming variety of choices. Here are pitfalls to avoid as you compare specific plans.

“It’s shocking how many people have no idea that they need a,” says Charles Weeks, founding partner at Barrister Wealth Management in Philadelphia. Indeed, there are approximately 6 million people with Original Medicare who lack Medigap coverage, per a 2022 analysis from KFF.

Be forewarned: For residents age 65 and older in most states, your guarantee of enrolling in Medigap, regardless of pre-existing conditions, expires six months after you enroll in Medicare.Beware the strategy of initially signing up for free or cheap Medicare Advantage, then switching to more costly Original Medicare if you need extensive treatment., in a later annual open enrollment period they can switch to Original Medicare,” says Tricia Neuman, a senior vice president at KFF.

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