Millions of Americans join Medicare every year, and most arrive with the same handful of assumptions. Some are right. Several are expensive. Read each belief, pick an answer, and tap Next. Keep count of how many you get right.
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Belief 1
“I paid into Medicare my whole working life, so now it’s free.”
True or false?
Correct!
Not quite.
Payroll taxes earn most people premium-free Part A, which covers hospital stays. Part B, which covers doctor visits and outpatient care, has a monthly premium that is usually deducted from Social Security. On top of that come deductibles and, for most services, 20 percent coinsurance. Drug coverage under Part D is a separate premium again.