Rampant confusion about Medicare is bad for your health and costing you money. Experts help make sense of coverage and fees

Fortune November 20, 2023
Richard Eisenberg

Since it’s Medicare Open Enrollment season, you’re likely seeing a host of TV commercials for private insurers’ Medicare Advantage plans and mailers to enroll in them and in Medicare Part D prescription drug plans. So, you might think people 65 and older would be especially sharp about all things Medicare.

Wrong.

In fact, several recent surveys show that most Medicare beneficiaries are quite confused about Medicare’s coverage and costs.

For example, in a MedicareAdvantage.com survey of 2,013 people aged 65 to 99, 65% of Medicare beneficiaries said the government’s health insurance program was confusing and difficult to understand. This is the third year the site conducted a similar survey and confusion about Medicare abounded each time.

Medicare confusion: ‘surprising and...

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