Forbes October 31, 2022
For Americans on Medicare, it’s open enrollment season, the period each year where you can switch your Medicare Advantage or stand-alone Medicare Part D prescription drug plan if you find something better. But many Medicare enrollees are potentially leaving better coverage on the table because they never shop around to see if better options are available.
According to new research released today from online private health insurance marketplace eHealth, 45% of Medicare beneficiaries have not reviewed their coverage options in the past year and 53% have had the same coverage for three or more years.
More people said they will review their coverage this year than have actually done so to date. In eHealth’s survey of more than 1,000 Medicare...