Soon after this year's Medicare Annual Enrollment Period (AEP) began in October, a majority of seniors said they're reevaluating their plans, according to a survey.
Extend Health polled 372 seniors between Oct. 22 and Oct. 25. That was about a week after Medicare enrollment began on Oct. 15, which is a full month earlier than the previous start date, and ends on Dec. 7 instead of Dec. 31.
Fifty-eight percent of seniors who have purchased private Medicare supplemental plans in previous years using a health insurance exchange intend to reevaluate their plans during the AEP. The top three reasons for reevaluating plans include "I want to confirm that I have the best coverage for me" (45 percent); "My premiums increased" (19 percent); and "My out-of-pocket expenses increased" (9 percent).
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