Medicare Myth-Busting: What You Really Need to Know Before Turning 65

Turning 65 is supposed to be a milestone, not a headache. But if you’ve started researching Medicare, you may have noticed a maze of letters (A, B, C, D), enrollment deadlines, and penalties that feel like a test no one prepared you for. Don’t worry — it doesn’t have to be that way.

At MyCarePro, we help individuals and families navigate Medicare every day. Here are the top myths we hear most often — and the truth you need to know.

Myth 1: “I can sign up for Medicare anytime.”

The Truth: You only have a limited window — your Initial Enrollment Period (IEP) — to sign up without penalty. This is a seven-month window: the three months before your birthday month, your birthday month itself, and the three months after. Miss it, and you may face lifetime penalties on Part B and Part D.

Myth 2: “Medicare is free.”

The Truth: Medicare Part A (hospital coverage) is usually premium-free if you’ve worked and paid taxes. But Part B (outpatient coverage) comes with a monthly premium — $174.70 in 2024, though higher for some incomes. Add in Part D (prescriptions) or Medicare Advantage, and costs can stack up.

Myth 3: “Medicare covers everything.”

The Truth: Medicare doesn’t cover dental, vision, hearing aids, or long-term care. You’ll need supplemental coverage (like Medigap or Advantage plans) if you want a fuller safety net.

Myth 4: “I’m still working, so I don’t have to worry.”

The Truth: If you’re covered by a large employer’s group plan, you may qualify for a Special Enrollment Period later. But if you’re on COBRA or a retiree plan, the rules are different — and waiting too long can mean late fees and gaps in coverage.

How MyCarePro Helps

We make the Medicare maze human. Our advisors walk you through:

• Whether you should stick with employer coverage or switch to Medicare.

• Which plan types (Advantage, Medigap, Part D) match your lifestyle.

• How to avoid hidden penalties or costly gaps.

The Bottom Line: Medicare is complex, but it doesn’t have to be confusing. With the right guidance, you can enter this next chapter of life with peace of mind and confidence.