At Jeannie Pierce Insurance Agency, we make sure to stay up-to-date on the latest changes to Medicare so that we can give our clients the information they need to make the right decisions for their health needs. In our experience, giving our clients accurate information frequently involves correcting misinformation or clarifying common misconceptions that people have about this program. To further that goal even more, we have put together this article to correct a few of the most common misconceptions about Medicare.
- Misconception: Medicare is Completely Free- One of the most common misconceptions about Medicare is that the services it covers are completely free. Unfortunately, this is not true, as you will still have to deal with some out-of-pocket costs, such as deductibles or copays.
- Misconception: Medicare Covers Everything- Another misconception that people have about Medicare is that it covers any health service that you will ever need. While Medicare parts A and B do cover a great deal, they do not cover things like prescription drugs (although part D does), dental, vision, or hearing health care services, fitness programs, or logistical services such as transportation to doctor visits.
- Misconception: Medicare is the Same Thing as Medicaid- While the two programs certainly sound similar, Medicaid is not the same thing as Medicare. To put the difference into simple terms, Medicare is a program intended to provide health care coverage to seniors or disabled individuals, while Medicaid is intended to provide that coverage to low-income individuals regardless of age or ability.