Medicare Advantage Enrollment is up in SoCal and Nationwide, and More Plan Options are Becoming Available
1 year, 2 months ago

Medicare Advantage Enrollment is up in SoCal and Nationwide, and More Plan Options are Becoming Available

LA Times  

Medicare is big business. During the Annual Election Period - which runs from October 15 to December 7 - enrollees have the choice to change prescription drug plans, enroll in Medicare Advantage plans or return to Original Medicare. In Southern California, Medicare Advantage enrollment figures surpass statewide averages and are similar to the highest rates of enrollment - plans account for 60% of totals in Los Angeles and Orange Counties. The average Medicare enrollee has access to 43 Medicare Advantage plans in 2023, the largest number of options ever, according to KFFresearch. Despite most beneficiaries having access to many plans, Medicare Advantage enrollment is still highly concentrated among a small number of firms.

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History of this topic

Medicare drug plans are getting better next year
2 months ago

Medicare drug plans are getting better next year

LA Times  

Every year, Medicare officials encourage beneficiaries to shop around for their prescription drug coverage. “I might be able to afford fresh fruit in the wintertime.” The act, a climate and healthcare law that President Biden and Vice President Kamala Harris promote on the campaign trail as one of their administration’s greatest accomplishments, radically redesigned Medicare’s drug benefit, called Part D, …

California tries but fails to fix a major Medicare loophole for seniors
4 months, 4 weeks ago

California tries but fails to fix a major Medicare loophole for seniors

NPR  

California tries but fails to fix a major Medicare loophole for seniors toggle caption Judith Dambowic Many seniors are grateful when they turn 65 and become eligible for Medicare. “One of the main benefits of Medigap is that it provides people on Medicare predictable expenses, because people pay monthly premiums to avoid unpredictable expenses if they get sick,” said Tricia …

More and More People are Enrolling in Medicare Part C plans – One Big Reason is the Benefits and Perks
1 year, 2 months ago

More and More People are Enrolling in Medicare Part C plans – One Big Reason is the Benefits and Perks

LA Times  

Medicare Advantage - an addition to Original Medicare that rolled out in the late 1990s - has changed the scope of the ambitious government program. Well beyond the basic offerings of Original Medicare’s Part A and Part B plans, Advantage plans offer benefits that are both familiar to those used to being on employer- The ‘Big Four’ According to KFF, …

Exercise caution with zero-premium Medicare Advantage plans
2 years, 2 months ago

Exercise caution with zero-premium Medicare Advantage plans

Associated Press  

Health insurers will flood the Medicare Advantage market again this fall with enticing offers for plans that have no monthly price tag. “You don’t want to look at a zero plan and just enroll in it.” Medicare Advantage plans are privately run versions of the government’s Medicare program for people who are age 65 and older or have certain disabilities. …

What you should know about Medicare, Medigap and Advantage plans
3 years, 2 months ago

What you should know about Medicare, Medigap and Advantage plans

LA Times  

The premiums for Medicare plus Medigap can be higher than for Medicare Advantage plans but may ultimately be more cost-effective for some users. For readers who haven’t kept up with the discussion: Medicare Advantage plans are offered by private insurers as an all-in-one alternative to traditional Medicare, the government-administered health insurance program for people 65 and older. Medicare Advantage plans …

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