As the annual Medicare open enrollment period starts on October 15th, individuals on Medicare Advantage plans may face changes due to insurers reducing costs and pulling back from certain markets. Experts predict potential price increases for prescription drug plans as well.
FILE - A UnitedHealthcare Group Medicare Advantage PPO card rests on top of a Medicare card is seen in Portland, Ore., June 10, 2024. Shopping season for Medicare coverage is about to begin. With it comes the annual onslaught of TV ads and choices to consider.
Many people on Medicare Advantage plans will probably have to find new coverage as major insurers cut costs and pull back from markets. Industry experts also predict some price increases for Medicare prescription drug plans.Don’t put off shopping for Medicare coverage Insurance agents say many people wait until after Thanksgiving to decide coverage plans for the new year. That could be a mistake this year: The holiday falls on Nov. 28, leaving slightly more than a week to decide before the enrollment window closes.Many Medicare Advantage plans promote a $0 premium. That may sound attractive, but price is only one variable to consider.
Medicare Medicare Advantage Open Enrollment Health Insurance Prescription Drug Plans
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