Don’t miss the opportunity to change your coverage

  • Medicare Advantage open enrollment period runs through March 31
  • Enrollees can switch plans or go back to traditional Medicare
  • Advantage plans offer extras like gym memberships and dental/vision benefits
  • Some insurers are experiencing higher costs and lower profitability
  • Advantage plans may have limited doctor networks and require prior authorization
  • Consider switching to traditional Medicare and buying a Medigap plan
  • Medicare Advantage is more affordable but has out-of-pocket limits

The annual Medicare Advantage open enrollment period is currently underway, allowing enrollees to switch plans or return to traditional Medicare. Advantage plans offer additional benefits like gym memberships and dental/vision coverage, but some insurers are facing higher costs. These plans may have limited doctor networks and require prior authorization for certain procedures. Consider switching to traditional Medicare and purchasing a Medigap plan for more comprehensive coverage. While Medicare Advantage is generally more affordable, it has out-of-pocket limits. Don’t miss the chance to make a change during this enrollment period.

Public Companies: Humana (HUM)
Private Companies:
Key People: Louise Norris (health policy analyst for medicareresources.org)

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Factuality Level: 7
Justification: The article provides information about the Medicare Advantage open enrollment period and the opportunity for enrollees to change their coverage. It also mentions the advantages and drawbacks of Medicare Advantage plans. The information provided is generally accurate and objective, but there are some statements that could be misleading or need further clarification.

Noise Level: 4
Justification: The article provides information about the Medicare Advantage open enrollment period and the option to switch to another plan or go back to traditional Medicare. It also mentions the popularity and drawbacks of Advantage plans. However, the article contains some repetitive information and lacks in-depth analysis or actionable insights.

Financial Relevance: No
Financial Markets Impacted: No

Presence of Extreme Event: No
Nature of Extreme Event: No
Impact Rating of the Extreme Event: No
Justification: The article does not pertain to financial topics and does not describe any extreme events.

Reported publicly: www.marketwatch.com