Congress must address Medicare needs
By
Over 18 million seniors just picked a
That didn't used to be the case. Up until a few years ago, seniors had an opportunity to switch plans in the first weeks of the new year if their budgets or health circumstances changed.
Seniors select their
But as of
This wasn't always the case for seniors. During a 90-day "open enrollment period" following
The Affordable Care Act eliminated this open enrollment period. Instead, the law offers a poor substitute - an "annual disenrollment period." For the first six weeks of the year, seniors can exit their
This lack of flexibility can have real negative consequences for seniors. For instance, some seniors might not realize the benefits and providers covered by their
Others may be unaware another Advantage plan has lower premiums and deductibles, or more valuable benefits, until a friend informs them of other options.
Before the Affordable Care Act eliminated the open enrollment period, seniors who enrolled in a plan for
Low-income seniors have been hit particularly hard. Without the open enrollment backstop, many find themselves stuck in a
Fortunately,
Credit: By Janet Trautwein For the


Top Stories of 2016, No. 1: Hurricane Matthew floods northern Pender, erodes beaches
Utahns will play key role in repeal of Obamacare
Advisor News
- CT governor’s candidates claims: What’s true, and what’s misleading
- Retaining clients by giving them a memorable experience
- Addressing the longevity paradox
- Employers shift focus from retirement access to financial outcomes
- Helping widowed clients navigate their new financial reality
More Advisor NewsAnnuity News
- National Life Group expands annuity portfolio
- AM Best to Join Life/Annuity Insurance-Focused Panel Discussion at Capitol Forum Event
- USAA Earns No. 1 Ranking in JD Power Individual Annuity Study for the Third Consecutive Year
- How flexible annuities fit today’s retirement portfolios
- Foresters Financial appoints Tom Ross as chief distribution officer for U.S. annuity sales
More Annuity NewsHealth/Employee Benefits News
- Sand, Lahn call for increasing mental healthcare access, Medicaid oversight in debate
- CT health insurance premiums are going up but help is available. What to know
- Can your finances handle an unexpected health crisis?
- NC's State Health Plan taps retiree funds amid cash crisis, reaches deal with Atrium Health
- Study: Colorado’s Medicaid covers more services than private insurance
More Health/Employee Benefits NewsLife Insurance News