How Many People Reach 65 Thinking Medicare Will Cover Everything?

Many assume Medicare provides free, complete health coverage at 65, but it often involves premiums and gaps. Medicare Part A is usually premium-free if taxes were paid, but Part B and Part D require monthly payments. Original Medicare excludes routine dental, vision, hearing, and long-term care, leading some seniors to work longer to cover costs. Enrollment rules and penalties add complexity, making professional financial guidance valuable.