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Costliest Mistakes You Can Make When New to Medicare


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Nine Costliest Mistakes You Can Make When New To Medicare

I have been helping seniors with insurance and financial decisions since 1984.  In that time I have spoken with seniors of all ages; both new to Medicare and people who have had Medicare of some form for many years before I came into their life.  I have witnessed or been privy to just about every Medicare horror story you can imagine.  All of the stories are heartbreaking and, in many cases, preventable.  In this article, I will present the costliest mistakes you can make when new to Medicare, based on my experience.

Costliest Mistakes New To MedicareThe most frustrating point from my perspective is that many, if not most of the heartbreaking occurrences I have seen or heard could have been avoided with proper guidance and decision making early on.  If people knew the risks and potential pitfalls of their decision ahead of time, they may have chosen a Medicare different path.  Unfortunately, too many people don’t make the effort to research or understand Medicare and then talk about their choices with a person who is both experienced and knowledgeable.   Too many people make decisions about their Medicare/healthcare without being fully informed of their all their options.  My goal, with the free educational videos on my website and the articles I write, is to help you make an informed decision about your Medicare.   Because of my experience, I can provide insight you may not have even considered. I hope the articles and videos I provide are helpful and educational. 

When you are just starting out with Medicare you have some important decisions to make.  These decisions and the amount of effort you put into making the right decision for your needs and your budget will set the stage for the quality of healthcare you receive for the rest of your life.

My company motto is to “Help you to make an informed decision.” An informed decision about which Medicare plan is right for your needs and your budget is critical.  There is no true right or wrong as long as you are informed ahead of time about the pros and cons of each decision.  No one likes surprises when it comes to their healthcare.   

To help you make an informed decision I have produced a full library of educational videos on Medicare.  These are offered free and without obligation.  You can find them here: https://medigapseminars.org/on-demand-webinar/  All the videos linked in this article can be found on that page.

In addition, here are the Nine Costliest Mistakes you can make when new to Medicare (in no special order).  Yes, this is a long article.  Print it out if you must.  This is important information that can save you both money and heartache. 

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Medicare and the Cost of Cancer Treatment

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This article is for both the person facing cancer today, wanting to know what to expect from their Medicare insurance as well as for the person turning 65 and weighing the pros and cons of staying with Original Medicare or moving to Medicare Advantage. Medicare and the cost of cancer treatment is written to help everyone on Medicare.  If you find this article helpful, please share.  We have also included a link to a printer friendly version so that you may save this article for your files.

For those who prefer video:  Medicare & the Cost of Cancer Treatment

I realise the article is a bit long, but the subject matter is critically important.  When first diagnosed with cancer, there is a lot going through your mind. One small part is the question of “What is this going to cost me?”  The battle with cancer can be emotionally draining without worrying or wondering about your health insurance and how it works.  This information on how Medicare handles the cost of cancer treatment is much more difficult to find and piece together than it should be.  I believe the information in this article can be a great relief, benefit, and resource for anyone about to embark on a very tough personal battle.  The information has been compiled from numerous sources including Medicare.gov and the National Cancer Society.

For those new to Medicare, this information will help you decide if you are more comfortable with Original Medicare or Medicare Advantage.  For the person who has cancer or a history of cancer, we hope the information will ease any financial uncertainty of not knowing what part of your treatment may or may not be covered by your current Medicare plan and how much out-of-pocket expense can be expected from you.

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