“Don't make these common, costly Medicare mistakes” features Medicare expert, Diane J. Omdahl, RN, MS
If you are nearing retirement, you could fall prey to common misconceptions about Medicare.
And that can lead to costly errors.
"Medicare is very complicated and confusing," said Diane J. Omdahl, co-founder and president of 65 Incorporated, a provider of Medicare software and consulting services. "The people who are turning 65 are at the biggest risk for making mistakes."
These issues are increasingly common as more people continue working past age 65. The labor force participation rate is expected to grow fastest for individuals ages 65 to 74 and 75 and older through the year 2024, according to the Bureau of Labor Statistics.
Age 65 generally marks a key decision point for Medicare coverage.