<img height="1" width="1" style="display:none" src="https://www.facebook.com/tr?id=302779086974399&amp;ev=PageView&amp;noscript=1"> Medicare Blog | Medicare News | Medicare Information

Medicare Blog | Medicare News | Medicare Information

Medicare Advantage Plan Switching: The Exception or The Norm?

Posted by www.psmbrokerage.com Admin on Thu, Sep 22, 2016 @ 01:47 PM

M/A Plan Switching: The Exception or The Norm?

Each year, Medicare Advantage enrollees have the opportunity to change plans during an annual enrollment period. This opportunity is important because Medicare Advantage plans can make changes in their benefits, cost-sharing, provider networks, and premiums each year, and beneficiaries health needs may change from one year to the next. The open enrollment period allows enrollees to compare plans, stick with their current plan, switch to another plan, or shift to traditional Medicare. It is also the time when beneficiaries in traditional Medicare can switch to Medicare Advantage plans.

Little is known about the extent to which Medicare Advantage enrollees change plans during the annual open enrollment period. Prior research shows that roughly the same share of beneficiaries, 5 percent, shift between Medicare Advantage and traditional Medicare each year that most enrollees tend to stay in a Medicare Advantage plan once in Medicare Advantage and that switching rates from Medicare Advantage to traditional Medicare are higher among high-need, high-cost patients.

This analysis focuses on enrollees in Medicare Advantage plans with prescription drug coverage (MAPDs) who change plans when given the opportunity. It also analyzes the variation in the rate of plan switching by enrollee and plan characteristics and whether people who voluntarily switch plans tend to move to plans with lower premiums, lower out-of-pocket limits, or higher quality ratings. The analysis is based on a five percent sample of Medicare claims data merged with plan data from 2007 to 2014.

Source: http://files.kff.org/attachment/Issue-Brief-Medicare-Advantage-Plan-Switching-Exception-or-Norm

1-1.png

2-2.png

3.png

Additional Updates:
  • 3 Reason why insurance agents fail  - View
  • Express: Mutual of Omaha weekly product updates  - View
  • 2017 Medicare Advantage proposed benefits now available  - View
  • 2017 Medicare Advantage Certification instructions now available - View
  • Small Business Guide to Capturing Leads - View
  • Trending Products: Thrivent Financial Med Supp - View / Liberty Bankers Med Supp - View
  • FREE Medicare Supplement Online Quoting Tool for PSM Agents - View

Tags: Humana, Cigna, Medicare Advantage, Medicare, aetna, AEP

    Join thousands of insurance agents who receive weekly news updates and original articles.

    Follow Precision Senior Marketing on Facebook!





    Follow Precision Senior Marketing on Twitter!

    Most Popular Posts

    Posts by Topic

    Click for More