Keckley Report October 7, 2024
On October 15, the open enrollment period for Medicare begins running through December 7 for coverage starting in January 2025. In this period, 67 million Medicare eligible seniors can review features of Medicare plans offered in their area, switch from traditional Medicare to a Medicare Advantage (MA) plan (or vice versa), change their MA selection and add/change their Medicare Part D prescription drug plans.
In 2024, Medicare Advantage plans enrolled 33 million seniors and Medicare paid private insurers $462 billion to pay for their care. But conditions for Medicare Advantage have changed in recent years prompting many to ask ‘what is the Medicare Advantage?’
Background:
Medicare began July 30, 1965 as a key element in President Lyndon Baines Johnson’s Great...
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