Nearly 7 in 10 Medicare Beneficiaries Did Not Compare Plans During Medicare’s Open Enrollment Period

KFF September 26, 2024
Nancy Ochieng, Juliette Cubanski, Meredith Freed, Tricia Neuman

Each year, people with Medicare can review their coverage options and change plans during the annual Open Enrollment Period (October 15 to December 7). Medicare beneficiaries with traditional Medicare can compare and switch Medicare Part D stand-alone drug plans or join a Medicare Advantage plan, while enrollees in Medicare Advantage can compare and switch Medicare Advantage plans or elect coverage under traditional Medicare with or without a stand-alone drug plan. Beneficiaries have no shortage of plans to choose from: in 2024, the average Medicare beneficiary can choose among 43 Medicare Advantage plans and 21 Part D stand-alone prescription drug plans (PDPs).

The marketplace of Medicare private plans operates on the premise that people with Medicare will compare plans during the...

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