9 costly Medicare mistakes to avoid

Once you turn 65, having the ability to get Medicare can provide significant relief. By getting Medicare coverage, you can get the essential insurance coverage you need for medical and hospital services. Unfortunately, Medicare can be surprisingly complicated.

According to the Centers for Medicare and Medicaid Services, there are 62.4 million Medicare beneficiaries in the U.S. If you already have Medicare or you’ll soon be joining that number, it’s important to understand how Medicare and the open enrollment period work so you can avoid making one of these common (and sometimes very costly) mistakes.

Related: 7 money moves to make if you have more than $50,000 in your 401(k)