Seniors rarely consider switching medicare plan, provider

Seniors rarely consider switching medicare plan, provider

(HealthDay)—Most seniors report being satisfied with Medicare coverage and most would not consider switching plan or provider even though the Medicare annual open enrollment period, which lasts from Oct. 15 to Dec. 7, allows people the opportunity to make changes, according to a report from Allsup.

In an effort to examine Medicare planning and trends, Allsup Medicare Advisor conducted a survey among 1,000 randomly selected seniors aged 65 years or older who currently have Medicare coverage.

According to the report, most seniors are extremely (45 percent) or somewhat (44 percent) satisfied with their current coverage. To save money on health care, most seniors would switch to generics or use preventive screenings, but most have not and would not consider switching Medicare plan or health care provider. However, 59 percent of seniors have made spending cuts for unexpected costs, with 26 percent cutting back on groceries/food. Most are concerned about cost increases, including out-of-pocket costs, medical premiums, and prescription drug premiums.

"Comparing plans and choosing coverage can be complex. As a result many people stay where they are, missing out on important benefits and cost savings, rather than deal with the complexity," Paula Muschler, operations manager of the Allsup Medicare Advisor, said in a statement.

More information: More Information

add to favorites email to friend print save as pdf

Related Stories

IBM moving some retirees off its health plan

Sep 08, 2013

IBM plans to move many retired workers off its health plan and give them money to buy coverage on a health-insurance exchange. The move is part of a corporate trend away from providing traditional retiree health benefits ...

Recommended for you

AMA 'Code of Ethics' offers guidance for physicians

1 hour ago

(HealthDay)—The American Medical Association (AMA) Code of Ethics and other articles provide guidance for physicians in relation to public health emergencies, according to a report from the AMA.

Pot-infused edibles: One toke over the line in Colorado?

5 hours ago

Marijuana shops have sprouted across Denver ever since Colorado legalized the drug for adults in January, but the popularity of pot-infused edibles has surprised authorities, and parents are seeking a ban ahead of Halloween.

US sues Gerber over claims on infant formula

7 hours ago

U.S. government regulators announced Thursday they were suing Gerber, the well-known baby food maker, for claiming that its Good Start Gentle formula can prevent or reduce allergies in children.

User comments

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.