Mistake 1: Signing up too early or too late for Medicare and its parts.
Mistake 2: Not understanding the difference between a Medicare Supplement and a Medicare Advantage policy
If you are new to Medicare, you have a fundamental choice to make: enroll in original Medicare with a Medicare Supplement and prescription drug plan or opt into a Medicare Advantage plan. It is very important that you understand the pros and cons of both types of coverage.
Mistake 3: Guessing when picking specific plans
You don't have to do this on your own. You can get help from a trusted source that can help you think through your options and compare plans. If you're unsure about your choices, start a conversation with a licensed insurance agent
Mistake 4: Not applying for extra help
Mistake 5: Not re-evaluating your coverage every year