Sexton Advisory Group Debunks the Biggest Medicare Myths
The Californer/10099505

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

• Cal State LA secures funding for two artificial intelligence projects from CSU
• Colbert Packaging Announces WBENC Recognition
• New Mobile Car Detailing Platform Connects Drivers with On-Demand Local Pros
• Over the past three months, California seized $476 million worth of unlicensed cannabis products
• California scores more clean energy records: 9 in 10 days this year partially powered by 100% clean energy

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

• "Mobile Suit Gundam" Takes Over San Diego Comic-Con 2025
• DivX Empowers Media Enthusiasts with Free Expert Guides for Advanced MP4 Management
• Assent Expands Executive Team to Accelerate Global Growth & Innovation
• The World's Largest Green Economic Revolution Emerges as Nature, Tech, and Finance Converge
• Hamilton Zanze Sponsors the Acquisition of Two Garden-Style Communities in Reno Area

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/