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Medicare open enrollment is ending. Ignoring the deadline could cost you

Angela M. Du Bois, a retiree in Durham, North Carolina, faced a tough decision when she learned her doctor and hospital would not accept her UnitedHealthcare Medicare Advantage plan next year. She chose to stick with her doctor and switch to a Humana Medicare Advantage plan instead. However, many seniors find it overwhelming to navigate the Medicare Advantage plans available, leading to few changes during the open enrollment period. Despite the limited options after the deadline, programs like Senior PharmAssist and State Health Insurance Assistance Programs (SHIPs) help seniors find better plans and save money on medications and premiums. While CMS sends letters to encourage beneficiaries to consider other options, many still miss out on potential savings or better coverage due to lack of awareness. Click here for article.

  • Many seniors find it overwhelming to navigate the Medicare Advantage plans available during the open enrollment period.

  • Few changes are made during open enrollment, with only 10% of beneficiaries switching Medicare Advantage plans in 2019.

  • Programs like Senior PharmAssist and SHIPs help seniors find better plans and save money on medications and premiums.

  • CMS sends letters to encourage beneficiaries to consider other options, but many still miss out on potential savings or better coverage due to lack of awareness.

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