Fortune January 12, 2024
If you’re one of the majority of Medicare beneficiaries in private insurers’ Medicare Advantage plans (the alternative to Traditional Medicare), you’ll want to make smart choices during their Open Enrollment season which started Jan. 1 and ends March 31.
It’s the time when you can switch from your Medicare Advantage plan to a different one or leave Medicare Advantage for Traditional Medicare instead.
Reasons to switch plans
There are many reasons why you might want to make such a move.
Cost, coverage, and network of providers
“Maybe you’re now going to new doctors and health providers. Maybe your plan’s coverage or network of doctors is different than it was,” says Roger Wohlner, a financial advisor in Arlington Heights Ill. “Maybe...