Commonwealth Fund October 17, 2022
TOPLINES
Commonwealth Fund survey findings reveal the key factors underlying older Americans’ choice of traditional Medicare or Medicare Advantage
More benefits and a limit on out-of-pocket costs are the main reasons older adults gave for selecting Medicare Advantage, while greater selection of providers is cited by those opting for traditional Medicare
Introduction
Since almost the inception of the Medicare program, beneficiaries have had the choice of receiving coverage through traditional Medicare or private insurance plans, known today as Medicare Advantage plans. Each year, during Medicare open enrollment, beneficiaries can reassess their coverage options to decide which coverage best meets their health needs and budget. Little research has been conducted to understand...