What Are the Biggest Medicare Mistakes to Avoid?
Medicare is full of rules, deadlines, and options. Unfortunately, many retirees in Oklahoma make mistakes that cost them money—or reduce their coverage. Here are the biggest Medicare mistakes to avoid in 2025.
Mistake 1: Missing Enrollment Deadlines
If you don’t sign up for Medicare Part B when eligible, you may face a lifetime penalty of 10% per year delayed. The same applies to Part D drug coverage.
Mistake 2: Choosing the Wrong Plan
Many seniors pick the cheapest plan without comparing networks, drug formularies, or out-of-pocket costs. This often leads to higher long-term expenses.
Mistake 3: Ignoring Annual Reviews
Medicare plans change yearly. Not reviewing your plan during open enrollment can mean missed savings or lost coverage for key prescriptions.
Mistake 4: Not Coordinating with Other Insurance
If you have employer or retiree coverage, Medicare rules can be complex. Failing to coordinate properly can leave gaps in coverage.
Anchor’s Role
Anchor Financial Group educates Oklahoma retirees on deadlines, comparisons, and coordination so they avoid costly Medicare mistakes.
Avoiding Medicare mistakes can save thousands. Anchor helps Oklahomans make confident choices.