KFF Health News December 2, 2019
A new KFF analysis finds that a relatively small share of people with Medicare Advantage or stand-alone Medicare Part D prescription drug coverage voluntarily switch plans during Medicare’s open enrollment period, which runs annually from Oct. 15 to Dec. 7.
With less than a week remaining for beneficiaries to make their selections, shopping around among plans is important, since plans can vary significantly and change from year to year, which can have a large impact on enrollees’ coverage and costs.
The analysis finds that, among beneficiaries without low-income subsidies, 8 percent of those in Medicare Advantage plans with prescription drug coverage voluntarily switched to another plan during the 2016 open enrollment period for the 2017 plan year. Similarly, only 10...