What's one hidden Medicare expense that people don't think about until it's too late?

Question

Chris Bumgardner · Accepted Answer

Skilled Nursing Facility Costs.  Days 1-20, Medicare pays 100%.  Days 21-100, the member pays a daily co-pay.  After 100 days, Medicare no longer covers expenses.

Melonie Wood · Answer

I carefully review everyone's plan including giving the members an enrollment book that clearly outlines costs for providers/ facilities/ medications, so my members do not have "surprise" costs

Gregg Matheny · Answer

The biggest expenses that often creep up on folks are hospital cost and prescription drug deductibles on a Medicare advantage plan. On a Medicare supplement plan the annual rate increase can often sneak up and surprise folks. No matter what plan you’re on if your income is on the high side an IRMAA part B and part D can be A huge shock.

Answered by Gregg Matheny on March 25, 2025

Agent Licensed in AZ & UT

Answered by Gregg Matheny Medicare Insurance Agent

Lea Ayres · Answer

Skilled Nursing. For anyone that has a Medicare Advantage plan Skilled Nuring is always a 2nd thought. After your plan benefit is used up Skilled Nursing becomes very expensive. We at MediConnect have product to protect against what can turn into a very expesive stay.

Answered by Lea Ayres on March 12, 2025

Broker Licensed in PA, CT, MD & 8 other states

Answered by Lea Ayres Medicare Insurance Agent

Bruce Kern · Answer

Hospital co-pays that the clients don't realize that they have until they leave the hospital and reaceive there Bill.

Frank Woerner · Answer

Original Medicare Part A & B usually doesn't include prescription drug coverage. Make sure it's part of your package. Dental insurance too is a needed coverage as we get older.

Michael Young · Answer

Today I spoke to a retiree referred by a current client. She had dropped her Medicare Supplement because she was healthy and not seeing a return on her money. One of the costs she never considered was a heart attack. Under Part B of original medicare, she is responsible for her Part B Deductible ($257 for 2025) plus 20% of the cost. A heart attack can easily cost $5k or more dollars with just Part A and Part B.

Answered by Michael Young on March 31, 2025

Broker Licensed in CA, AZ, ID, NC & NV

Answered by Michael Young Medicare Insurance Agent

Aisha Saleem · Answer

Sometimes people don't think about the deductibles and out-of-pocket maximum until it's too late. It's best to make sure you weigh all the information of each plan compared to your expected use and situation in order to pick the best option while choosing a plan.

Answered by Aisha Saleem on March 13, 2025

Agent Licensed in MD & FL

Answered by Aisha Saleem Medicare Insurance Agent

Jill Belvin · Answer

Dental is an expense that traditional Medicare does not cover and that can be very expensive to cover depending on what is required. Some Medicare Advantage plans do include this coverage to some extent.

Answered by Jill Belvin on March 24, 2025

Agent Licensed in TX, AZ, FL, MI & NJ

Answered by Jill Belvin Medicare Insurance Agent

Adriane Williams · Answer

Prescription drug costs. And that their doctor may not be in network and they may have to pay out out of pocket to see them.

What's one hidden Medicare expense that people don't think about until it's too late?

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What's one hidden Medicare expense that people don't think about until it's too late?

Agents: Share Your Expertise

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A non-government resource website