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Many Americans misunderstand Medicare costs and penalties, risking financial exposure.

Market News
20 Aug 2026
PRNewsWire
View Source
Neutral
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A new survey by eHealth reveals that many Americans, including current Medicare beneficiaries and those nearing eligibility, lack understanding of key Medicare details such as the 20% cost-sharing under Original Medicare and potential late enrollment penalties. Despite high confidence in their knowledge, 42% of beneficiaries underestimate out-of-pocket costs and 88% of those approaching Medicare age are unaware of penalties for delayed enrollment. This gap in knowledge could lead to unexpected financial burdens. The findings highlight the need for better education on Medicare options to help Americans make informed healthcare decisions.

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