Every year, Medicare beneficiaries face the daunting task of choosing health and prescription plans. On average, beneficiaries can choose from 18 health plans and 31 prescription plans; in South Florida, they have 88 plan choices altogether. As a result, seniors tend to stick with the same plan every year (even if it may not be the right fit) because they find it difficult to compare plans. Many companies also change prices and benefits every year which can end up costing seniors more money.
Experts from the Center of Medicare Advocacy say Medicare beneficiaries find plans that are “good enough” when they’re healthy, but end up not meeting their needs when they get sick. Several years ago, the federal government began rating plans to give seniors better tools to choose the right plan. However, seniors seem to pay little attention to the ratings.
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