Commonwealth Fund December 7, 2020
Toplines
Medicare beneficiaries need objective information to navigate open enrollment and choose the best plan for their physical and financial health
Policymakers could make Medicare enrollment more transparent by expanding navigation resources from unbiased sources and by fixing incentives in plan-sponsored resources
During Medicare’s annual enrollment period, which runs from October 15 through December 7 each year, millions of beneficiaries compare and switch their health insurance coverage. Beneficiaries have, on average, 33 Medicare Advantage plans and 30 stand-alone Part D prescription drug plans to choose from.
Navigating these choices can be challenging for consumers. Many beneficiaries have questions, including what type of plan to select (e.g., whether to stay with traditional Medicare or select Medicare Advantage), how much it will...