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

Answered by 10 licensed agents

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.

Answered by Chris Bumgardner on March 21, 2025

Broker Licensed in FL & IL

Answered by Chris Bumgardner Medicare Insurance Agent
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

Answered by Melonie Wood on March 25, 2025

Agent Licensed in FL & AL

Answered by Melonie Wood Medicare Insurance Agent
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
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
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.

Answered by Frank Woerner on March 31, 2025

Broker Licensed in IN & IL

Answered by Frank Woerner Medicare Insurance Agent
Hospital co-pays that the clients don't realize that they have until they leave the hospital and reaceive there Bill.

Answered by Bruce Kern on March 25, 2025

Broker Licensed in NJ, AZ, CO & 13 other states

Answered by Bruce Kern Medicare Insurance Agent
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
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
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
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.

Answered by Adriane Williams on March 26, 2025

Agent Licensed in OK, AK, AL & 48 other states

Answered by Adriane Williams Medicare Insurance Agent

Tags: Advice for Seniors

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