Fortune February 28, 2025
Medicare Advantage plans from health insurers have grown so popular that more people are in them than in Original Medicare due to their extra benefits, out-of-pocket caps and, often, lower costs. One other thing that’s grown: dissatisfaction with the plans.
“I just met with an acquaintance who’d signed up for Medicare Advantage because Costco was in the network and she’d get her glasses for a lower price. Well, this year Costco’s not in that network and she’s not happy about it,” says Diane Omdahl, president of 65 Incorporated, a Medicare consultant. “The closest eye provider she would want to see is now 25 miles away.”
An all-time high in switching Medicare Advantage...
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