Time running out for Medicare plan switches
A
Even so, trouble with physician networks and medication costs are two reasons that more than 1,500 people have contacted the state for help switching Medicare plans, according to the
"There is a considerable number of people who have found out the plan they chose for
Most seniors tend to stick with Medicare coverage from year to year, so the shift set off a competitive frenzy among health insurers.
For Minnesotans who've found their new coverage isn't working well, three deadlines for making changes are coming quickly.
Seniors who lost their Cost plans and are supplementing original Medicare with a stand-alone Part D prescription drug plan have until Thursday to pick a different Part D plan, according to the
Finally, any Medicare beneficiary who enrolled in a Medicare Advantage health plan for 2019 has until
The
Prescription drug coverage is a key variable with health plans for seniors because so many on Medicare routinely take medications. So, if people selected a health plan that required much higher costs for their medications, those problems likely showed up quickly in January, said Greiner of the
If the new coverage requires higher payments at the doctor's office because the clinic is not in-network, the change might not yet be apparent to seniors who haven't visited the doctor in the new year. Seniors can check on the network status of their health care providers by contacting their doctor's office, calling their new health insurer or checking the health plan's online directory of health care providers.
"We are busier than we usually are after open enrollment ends," Greiner said.
Neither
Going the Medigap plus Part D route typically involves higher premiums and lower out-of-pocket costs than Medicare Advantage plans, which in some cases don't even charge a monthly premium. Across the country, these "zero-premium" plans account for about half of all Medicare Advantage plans sold, according to the
But a
There were no zero-premium Cost plans, so people losing the coverage often were simply looking to hold their premium payment steady for 2019, said
With higher premiums, Cost plans had relatively rich benefits that didn't trigger big out-of-pocket costs when people used health care. So, Medicare shoppers facing a change looked for that sort of coverage among the remaining options, said
A third factor is that the federal government pays Medicare Advantage plans different rates in different parts of the country, said Worcester of UCare. Insurers in
Data editor
Twitter: @chrissnowbeck
___
(c)2019 the Star Tribune (Minneapolis)
Visit the Star Tribune (Minneapolis) at www.startribune.com
Distributed by Tribune Content Agency, LLC.


Studies Conducted by N. Adhikari et al on Health and Medicine Recently Reported (Factors Affecting Enrolment in the Community Based Health Insurance Scheme of Chandranigahapur Hospital of Rautahat District)
Dental Practice Management Software Market : Prime Factors Anticipated Piloting for the Estimated Period 2017-2025
Advisor News
- Election 2026: Which of Berkeley's 7 ballot measures will pass?
- How advisors can help frugal retirees finally enjoy their savings
- Wealth planning vs. estate planning: Honoring your client’s wishes
- What to discuss during the first retirement planning meeting
- Inflation, competing priorities and uncertainty erode retirement security
More Advisor NewsAnnuity News
- Equitable, Corebridge steam toward merger with strong Q3 annuity sales
- Jackson Announces New Annuity Offering for AARP Members
- 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
More Annuity NewsHealth/Employee Benefits News
- My unhappy day in small claims court | Letters to The Republican
- Enrollment is open for Affordable Care Act coverage. What do New Mexicans need to know?
- A Smarter Approach to Employee Health Insurance Costs
- Are GLP-1s Good for Business? The Jury Says …
- Closing gaps in group disability coverage
More Health/Employee Benefits NewsLife Insurance News
- Unum Group Reports Third Quarter 2026 Results
- First American Financial Corporation Appoints Darryl D. Button to Board of Directors
- Corebridge Financial Announces Third Quarter 2026 Results
- MassMutual announces record $3.3 billion policyowner dividend for 2027
- Protective Completes Acquisition of Obsidian, Establishing Specialty Property and Casualty Business Line
More Life Insurance News