Quick Answer: Understanding the essential facts about Medicare can help you make informed choices about your health coverage. From enrollment rules to avoiding scams, here’s what every credit union member should know.

Navigating Medicare can feel overwhelming, but knowing the basics can save you time, money, and stress. Here are seven important facts about Medicare to keep in mind as you make decisions about your health coverage.

1. Medicare Has Different Parts

Medicare is divided into four parts: Part A covers hospital insurance, Part B covers medical insurance, Part C includes Medicare Advantage plans, and Part D covers prescription drug. Each part serves a different need.

2. Enrollment Timing Matters

Your initial enrollment period begins three months before your 65th birthday and ends three months after. Missing this window may lead to late penalties or gaps in coverage.

3. Medicare Isn’t Free

While Part A is often premium-free for most people, Parts B, C, and D usually come with monthly premiums, deductibles, and co-pays. Planning for these costs is essential.

4. Supplemental Coverage Can Help

Medigap or Medicare Supplement Insurance policies are private insurance plans that cover expenses Medicare doesn’t, such as co-pays and deductibles. This helps protect you from unexpected out-of-pocket costs.

5. Medicare Doesn’t Cover Everything

Services like dental care, vision, hearing aids, and long-term care are typically not included. Be prepared to explore additional insurance options if these are important to you.

6. Scams Are on the Rise

Fraudsters often target seniors with fake Medicare calls, emails, or offers. Remember: Medicare will never call to ask for your personal information or demand payment over the phone.

7. You Have Choices Every Year

During the annual enrollment period, you can review and change your Medicare coverage. Comparing plans ensures you’re getting the best value for your health needs.

CCCU is Here to Help

We know how important it is to make confident decisions about your health coverage. That’s why we offer MedicareCU, a trusted resource for members navigating their Medicare options. Visit our Resources webpage or call 702-228-2228 to learn how MedicareCU can support you.