Turning 65 is an exciting milestone—but it’s also one of the most important times to make informed decisions about your healthcare coverage.

Every year, I meet hundreds of people who unknowingly make Medicare mistakes that cost them money, limit their coverage, or create unnecessary stress. The good news is that most of these mistakes are completely avoidable.

Here are the Top 3 Medicare Mistakes People Make When Turning 65 in Utah.

Mistake #1: Missing Your Medicare Enrollment Deadline

This is by far the most common—and potentially the most expensive—mistake.

Many people assume they can simply enroll in Medicare whenever they retire. Unfortunately, that’s not always true.

If you don’t enroll during the appropriate enrollment period, you may face:

• Late enrollment penalties that last forever
• Gaps in health coverage
• Delays before your coverage begins

If you’re still working and covered under an employer health plan, you may qualify to delay Medicare A and B. However, not every type of health insurance allows you to postpone enrollment without consequences.

For example, COBRA coverage and many retiree health plans generally do not allow you to delay Part B without risking penalties.

The safest approach is to understand your enrollment timeline before your 65th birthday.  This way you can know with out a doubt you won’t run into problems later on.

Mistake #2: Choosing a Plan Based Only on Premium

It’s tempting to choose the plan with the lowest monthly premium.

But your monthly premium is only one part of the equation.

Before choosing a Medicare plan, ask yourself:

• Can I see any doctor that accepts Medicare?
• Will I need referrals?
• Will certain services require prior authorization?
• What could my out-of-pocket costs be if I have a major health event?
• Does the plan include my doctors and medications?

For many beneficiaries, Medicare Advantage is a cost-effective option. Others prefer the flexibility and predictable expenses of a Medicare Supplement plan.

The goal isn’t to find the cheapest plan—it’s to find the plan that best fits your healthcare needs and financial goals.

Mistake #3: Assuming You Can Easily Change Your Mind Later

Many people believe they can switch Medicare plans at any time.

In reality, changing coverage can become much more difficult after your initial enrollment period.

If you enroll in a Medicare Advantage plan and later decide you’d rather have a Medicare Supplement, you may be required to answer health questions and could be denied coverage, depending on your state and circumstances.  In most states including Utah, if you are past your initial 6 month window, you will have to qualify to go onto a medicare supplement plan.

Likewise, Medicare Supplement premiums can vary significantly between insurance companies over time. Reviewing your coverage periodically can help ensure you’re still receiving good value.

The choices you make when you first become eligible for Medicare can affect your options for years to come.

Bonus Tip: Don’t Wait Until the Last Minute

Many people don’t start researching Medicare until just a few weeks before turning 65.

That’s rarely enough time to fully understand:

• Medicare Parts A, B, C, and D
• Medicare Supplement plans
• Medicare Advantage plans
• Prescription drug coverage
• Enrollment deadlines

Starting your Medicare planning three to six months before your 65th birthday gives you time to compare options, ask questions, and avoid costly mistakes.

Final Thoughts

Choosing Medicare doesn’t have to be overwhelming.

With the right guidance, you can avoid common pitfalls and select coverage that fits your healthcare needs, budget, and retirement goals.

If you’re approaching age 65 or helping a family member prepare for Medicare, now is the perfect time to start planning.

A little preparation today can help you avoid costly mistakes tomorrow.

Tyler Haskell, CFP®

Professional Insurance Solutions

Helping individuals and families make confident Medicare decisions throughout Utah.