Medicare mistakes can be costly, and many seniors find it hard to avoid Boomer Benefits. If you make these common Medicare errors, you can end up paying out-of-control costs, missing important deadlines, or get into a serious penalty for failing to fill out the appropriate forms. Medicare Advantage Plans can be great solutions to high costs for healthcare. They are designed to help lower deductibles and co-pays and cover more of the services that Medicare does not cover. Unfortunately, many seniors make the mistake of using Medicare as their only insurance, rather than having supplemental insurance like Medicare Part D or Part B.
When you use Medicare only, you are really just getting yourself in trouble with the IRS, and you could end up paying thousands of dollars a year in taxes, penalties, and interest. One common mistake that many seniors make is not selecting Medicare Part D when they are first eligible for Medicare. This allows them to receive both prescription drug coverage and durable medical equipment coverage through Medicare Part D, so they get the maximum benefit possible.
Many seniors do not get coverage from Medicare Part D until they reach the age of 65. If they do not take advantage of this special coverage right away, they will be in for quite a surprise.
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