Trending...
- The 2025 ESPY Awards After Party- Presented by Poppi & High Noon
- General Auction Company Announces August 8th Auction- Now Accepting Consignments
- $53 Million Company Valuation Investment with Majority Acquisition Option, Plus New Stock CUSIP Supporting Brand Transition of Fan Engagement Company
Financial Consultant Steve Sexton Shares the Truth Behind Common Medicare Misunderstandings
SAN DIEGO - Californer -- SAN DIEGO, Calif.—The majority of older Americans will end up with Medicare coverage, and yet, 70% don't feel confident in their understanding of the program (https://www.nationwide.com/personal/about-us/ne...). After watching money consistently fall through the cracks as a result of Medicare misunderstandings, Steve Sexton, financial consultant and CEO of Sexton Advisory Group (http://www.sextonadvisorygroup.com/) in San Diego, California, is debunking the top Medicare myths of 2020.
Myth #1: Once enrolled, you cannot change your Medicare coverage.
More on The Californer
According to Sexton, this is a giant misconception that causes many people to unnecessarily settle on a Medicare plan that doesn't work for them. In fact, right now, from October 15, 2020 through December 7, 2020, individuals are able to adjust and/or change their Medicare plan as needed.
Myth #2: Medicare is free.
"If you're currently working, you pay a FICA tax that goes toward covering Medicare," explains Sexton. "Additionally, there is a monthly cost for Medicare and depending on which plan you have, there will be varying expenses by way of copays, coinsurance, emergency expenses, and more."
Myth #3: Medicare covers everything.
In truth, Medicare does not cover all health-related expenses. "For starters, most plans do not cover long-term care, should you need it beyond 90 to 100 days," says Sexton. "There is also no dental and extras like hearing aids, dentures, certain prescriptions may not be fully covered by the program." Additionally, Sexton warns that Medicare costs can and will change overtime. He emphasizes the importance of regularly reviewing your coverage to ensure it aligns with your needs and budget.
More on The Californer
Myth #4: Original Medicare and Medicare Advantage are the same thing.
Sexton explains there are actually many differences between the two plans, each with its own benefits. For instance, Original Medicare is an 80/20 program with an additional Medigap or "supplement," while Medicare Advantage functions more like the PPO or HMO program one might have previously had through work. "It's so important to speak with an expert and to review your chosen plan carefully," says Sexton. "You want to think about any procedures or treatments you may need in the near future and be sure that it is covered in a way you are comfortable with both from a financial and a quality care perspective."
For more information on Sexton Advisory Group, please visit https://www.sextonadvisorygroup.com/
Myth #1: Once enrolled, you cannot change your Medicare coverage.
More on The Californer
- Laube Titanium to Attend MADE Bike Show in Portland, Oregon
- A Century of Compassion: Butte Humane Society Hosts 114th Anniversary Gilded Garden Gala
- United Set to Hire More Special Olympics Athletes As Customer Service Ambassadors
- Exelon Leader Tamla Olivier Named 2025 Technologist of the Year by Waves of Change STEM Conference
- KIDZ BOP RELEASES BRAND NEW ALBUM 'KIDZ BOP 51' FEATURING HITS "APT" & "PINK PONY CLUB"
According to Sexton, this is a giant misconception that causes many people to unnecessarily settle on a Medicare plan that doesn't work for them. In fact, right now, from October 15, 2020 through December 7, 2020, individuals are able to adjust and/or change their Medicare plan as needed.
Myth #2: Medicare is free.
"If you're currently working, you pay a FICA tax that goes toward covering Medicare," explains Sexton. "Additionally, there is a monthly cost for Medicare and depending on which plan you have, there will be varying expenses by way of copays, coinsurance, emergency expenses, and more."
Myth #3: Medicare covers everything.
In truth, Medicare does not cover all health-related expenses. "For starters, most plans do not cover long-term care, should you need it beyond 90 to 100 days," says Sexton. "There is also no dental and extras like hearing aids, dentures, certain prescriptions may not be fully covered by the program." Additionally, Sexton warns that Medicare costs can and will change overtime. He emphasizes the importance of regularly reviewing your coverage to ensure it aligns with your needs and budget.
More on The Californer
- Be Part of the World's Largest Art Biennale | Moons, Castles, Trees | Copenhagen Chronotopes
- California sends more search and rescue crews to Texas
- YourEggs Is Leading the Way in Providing Access to the Best Asian Egg Donors to Families Worldwide
- California: Governor Newsom and Acting Governor Kounalakis honor fallen CDCR Parole Agent
- California sues to stop Trump's politically motivated attack on high-speed rail
Myth #4: Original Medicare and Medicare Advantage are the same thing.
Sexton explains there are actually many differences between the two plans, each with its own benefits. For instance, Original Medicare is an 80/20 program with an additional Medigap or "supplement," while Medicare Advantage functions more like the PPO or HMO program one might have previously had through work. "It's so important to speak with an expert and to review your chosen plan carefully," says Sexton. "You want to think about any procedures or treatments you may need in the near future and be sure that it is covered in a way you are comfortable with both from a financial and a quality care perspective."
For more information on Sexton Advisory Group, please visit https://www.sextonadvisorygroup.com/
Source: Sexton Advisory Group
Filed Under: Financial
0 Comments
Latest on The Californer
- WonderDays Launches the UK's First AI Experience Gift Finder – Gifting Just Got So Much Easier!
- CelluHeal™ Launches Full Line of Advanced Wound Dressings for Online Purchase in the USA, Canada, and Beyond
- California: Governor Newsom responds to Trump's latest gift to China: Defunding America's only high-speed rail
- California: Governor Newsom announces appointments 7.16.25
- California: Governor Newsom calls on Trump to end Los Angeles militarization, shares community resources
- City of Long Beach to Host Compost and Recycling Ambassador Program
- AMAZON DRIVERS IN CITY OF INDUSTRY JOIN THE TEAMSTERS
- Silva Construction Details Common Home Renovation Mistakes and How to Avoid Them
- Governor Newsom invites LA Fire survivors to continue shaping rebuilding efforts through Engaged California
- DOGUE Magazine and CoverDogs Announce Series A to Redefine Modern Pet Culture
- Voices for Humanity Treks High into the Himalayas to Deliver the Way to Happiness with Meena Sharma
- Nonprofit innovator named Mensa Executive Director
- Following Trump cut to LGBTQ youth suicide hotline, California steps up to fill the gap
- Yasmine Roulleau named Managing Director in Vancouver, Canada
- Chasing Elizabeth Taylor — The Dazzling True Story Behind the Queen of Diamonds Now Available in Limited-Edition Hardcover
- Swim Up Hill Animation Premieres Pilot Episode of "The Adventure of Swim Up Hill"
- LOS ANGELES TEAMSTERS AT METRO TRANSIT RATIFY FIRST CONTRACT
- Calmwater Capital Funds $22.8 Million Loan to Refinance Retail Complex in Park City
- From Barrio to Transgender Pioneer: Chapter 14 Personal Injustices Faced by the Protagonist
- Blacksmith InfoSec and Liongard Launch Strategic Integration to Simplify MSP Compliance Audits