Medicare Mistakes To Avoid During Open Enrollment Season

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It’s Medicare open enrollment season, so in today’s episode, we’re going to dive into some of its complexities and share the common mistakes you want to avoid during this critical period. Listen in as Don and Marc discuss the differences between traditional Medicare, Medicare Supplements and Medicare Advantage plans, and stress the importance of understanding Medicare drug plans.

It’s Medicare open enrollment season, so in today’s episode, we’re going to dive into some of its complexities and share the common mistakes you want to avoid during this critical period. Listen in as Don and Marc discuss the differences between traditional Medicare, Medicare Supplements and Medicare Advantage plans, and stress the importance of understanding Medicare drug plans.

Join us as we shed light on the potential pitfalls of switching plans, the importance of understanding your benefits, and share how to ensure your medications are covered. Learn why working with a Medicare specialist can be so beneficial and the ultimate trade-offs that come with different Medicare choices. Don’t miss this episode to navigate the maze of Medicare and ensure your healthcare choices align with your unique needs.

Here’s some of what we discuss in this episode:

  • The key differences between traditional Medicare, Medicare Supplements and Medicare Advantage plans
  • What is Medicare Open Enrollment and when does it occur?
  • What are the potential downsides of Medicare Advantage plans?
  • The importance of reviewing annual letters of notification from your Part D drug plan.

 

Additional Resources

Wall Street Journal Article:

https://www.wsj.com/health/healthcare/medicare-advantage-enrollment-risks-923e7952

Previous Medicare Episodes:

Medicare 2022 Episode

Medicare 2021 Episode

 

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ABOUT YOUR HOST...

Donald W. Cash – CPA, CFP®, is an independent advisor. After graduating from Rutgers University, he began his career in 1985 as an accountant. In 1990, he entered the field of Estate Planning, concentrating on long-term care planning. Don has been advising clients in the baby boomer and retirement market for 20 years. He has helped over 1,000 families with their planning needs.

Don advocates for a holistic approach to Estate and Financial Planning and has relationships with other professionals including Attorneys, CPA’s, Mortgage Specialists, Insurance Specialists and Asset Managers.

He is married to Cathy and they have 4 children, Carly, DJ, Nick and Tori. They live in Freehold, NJ.

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