HealthLeaders Media October 21, 2022
More benefits and a limit on out-of-pocket costs are the top reasons older adults are opting for Medicare Advantage (MA).
KEY TAKEAWAYS
– The Commonwealth Fund’s 2022 Biennial Health Insurance Survey examines older adults enrolled in Medicare to determine why they chose MA or traditional Medicare, and where they received information from.
– About one in four (24%) respondents cited additional benefits as their reason for choosing MA, while more provider choice led the way (40%) for respondents choosing traditional Medicare.
– Respondents that received help to choose their plans relied primarily on an insurance broker for Medicare (30%) and MA (31%).
With the open enrollment period under way, millions of Americans are weighing their coverage options to make the...
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