Since becoming eligible, only 5 percent of seniors have changed their Medicare plan. But a new survey from Allsup suggests that proportion could surge to as much as 16 percent next year, as more seniors are considering a switch.
Albeit a relatively low number, experts say the percentage indicates seniors are factoring whether they're protected in their current plan. In fact, only one in four seniors is very confident that their Medicare coverage would be adequate should their health condition change.
Still, many are reluctant to switch due to a number of barriers, including finding information, comparing plans and understanding the different Medicare options.
Continue Reading for Free
Register and gain access to:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
