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Medicare Advantage Enrollment in Chronic Illness Benefits Has Tripled in 2021
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$firstname, Welcome to this week's Medigap Life Newsletter
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Fierce Healthcare has reported more than 3 million Medicare Advantage beneficiaries chose plans for the 2021 coverage year that provide additional supplemental benefits for chronic illnesses, a major increase over the more than 1 million that signed up in 2020, a new analysis found.
The analysis, by consulting firm Avalere Health, also found the number of enrollees in MA plans that offer such benefits increased this year compared to 2020. The analysis comes as the Biden administration is likely to make social determinants of health a major priority, with supplemental benefits in MA plans an area in which to address those issues.
The analysis found that this year, 787 MA plans are offering special supplemental benefits that range from meal delivery to pest control and virtual visits. The plans represent 16% of all plans that Avalere analyzed.
“Overall, in 2021, 15% of enrollees in non-employer MA plans are enrolled in plans offering [supplemental benefits], as compared to 6% in 2020,” Avalere said.
The analysis also found that 86% of the total Medicare beneficiary population live in a county with at least one MA plan that offers one of the benefits. |
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Medicare Advantage Plans Popularity Have Increased
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AJMC has reported that a 9% year-over-year increase was observed in the number of US Medicare beneficiaries who enrolled in a Medicare Advantage health plan in 2020, with the increase in enrollment influenced by the coronavirus disease 2019 pandemic and its related effects.
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Based on preliminary open enrollment data collected from October 15 to December 7, 2020, 36% of the 67.7 million Medicare beneficiaries in the United States are enrolled in a Medicare Advantage (MA) plan this year, marking a 9% year-over-year increase.
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29% chose the MA plan for its prescription drug coverage, and 16% for its affordability, 9% of MA enrolled Americans chose it for its supplemental benefits.
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Reasons You Can Switch Your Medicare During Special Enrollment Period
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Did you know that if you’re unhappy with your Medicare Advantage Plan (Medicare Part C), you have options? Each year, there’s a Medicare Advantage Open Enrollment Period from January 1 – March 31. During this time, if you’re in a Medicare Advantage Plan and want to change your health plan, you can do one of these:
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Medicare Advantage Open Enrollment Period
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- Medicare Advantage Open Enrollment Period: You can switch from your Medicare Advantage Plan (excluding Medical Savings Accounts, cost plans, and PACE) to another Medicare Advantage Plan, or to Original Medicare with or without a stand-alone prescription drug plan (Part D), during the Medicare Advantage Open Enrollment Period (MA OEP). The MA OEP occurs each year from January 1 through March 31.
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Only If You Have a Medicare Advantage Plan
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Remember, you can only use this enrollment period if you have a Medicare Advantage Plan. Changes made during this period take effect the first of the month following the month you enroll. For example, if you switch to a new Medicare Advantage Plan in February, your new coverage begins March 1. Unlike Fall Open Enrollment, you can only make a single change during the MA OEP.
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| Affordable Final Expense Insurance! |
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The average funeral now costs between $7,000-$10,000, which can be a lot for families to take on at the time of a loss. Final Expense insurance can help take care of these end-of-life expenses, giving your family one less thing to worry about while grieving. Call us now to receive a quote for final expense insurance.
As your agent, we look forward to serving you and your needs for Medicare.
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Call Now
To Review Your
Medicare Benefits
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| Affordable Hospital Indemnity Plans |
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As a client of Medigap Life, we value your business and we want to make sure you are protected. There is a new product available that we are offering this year which not many people know about. This product is called a Hospital Indemnity Plan.
Having a Hospital Indemnity Plan will help cover the cost of out of pocket expenses in the event you are hospitalized. The plan helps cover the co-pays associated with hospitalization in the event of an emergency.
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Thank You Again
Please call us at (855) 800-5258 to explore your options for Medicare Advantage, Dental Benefits, Vision Benefits, Over-The-Counter Benefits, Silver Sneakers and Transportation Benefits.
(855) 800-5258
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We're available to answer your questions and help you in any way via telephone, email or through information on our website.
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Call Now to Qualify & Sign Up
for Medicare Advantage Programs |
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| Compare & Save. Review Your Medicare. Get the Benefits You Need. |
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Each year new plans are made available in your zip code. We can help you improve your coverage.
- $0 co-pay on many plans
Dental, Vision, Hearing Benefits
- Transportation
- Gym Memberships
- And More!
- Find out if you qualify for Extra Help.
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We're Here to Help You
Not Sell You |
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| We're here to help you compare plans. You may qualify for Vision, Dental, Hearing, Transporation, Over the Counter Benefits or a $0 Medicare Plan and more. Our licensed agents can help whenever you have a question. |
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