Even after the ACA cut the subsidy to Medicare Advantage Plans enrollment continued to grow. MA plans typically add extra benefits and in many cases without additional premiums above the Part B premium. A little over a third of Medicare beneficiaries have elected this private insurance alternative. The plans with most enrollment have been rated high quality as well.
Whats going on? More benefits, efficient, high quality and less cost … and private for-profit insurance.
Read the full story in this report
Medicare Advantage enrollment has grown rapidly over the past decade, and Medicare Advantage plans have taken on a larger role in the Medicare program. This data collection provides current information and trends about Medicare Advantage enrollment, premiums, and out-of-pocket limits. It also includes analyses of Medicare Advantage plans’ extra benefits and prior authorization requirements.
Source: A Dozen Facts About Medicare Advantage in 2019 | The Henry J. Kaiser Family Foundation
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Categories: Healthcare, Medicare
So did I read this report correctly? If you manage expenditures, you’ll manage plan costs and save money compared to an open ended, a blank check, see anybody you want, anytime, anywhere plan?
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Thanks for posting this. I volunteer my time as a SHIP (Senior Healthcare Insurance Program) counselor, and I’m frequently asked to compare Medicare Advantage Plans vs. Original Medicare. This information will definitely help me be more effective in my volunteer role.
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