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). 
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.
