Preliminary open enrollment data show that enrollment in Medicare Advantage is up by nine percent this year. A new study finds that this uptick in enrollment could be due to the COVID-19 pandemic.
Why the growth?
- In the survey, 29 percent of people chose Medicare Advantage due to the prescription drug coverage, 16 percent because of affordability, and 9 percent due to the supplemental benefits.
- Of the 9 percent that cited supplemental benefits, 35 cited COVID-19 supplemental benefits and 27 percent cited telehealth benefits. Other supplemental benefits cited were dental (62 percent), vision (52 percent), and over-the-counter benefits (38 percent).
- The Congressional Budget Office predicts that 51 percent of Medicare beneficiaries will be enrolled in Medicare Advantage by 2030.
Related Medicare Resources
Trump Expands Telehealth Benefits for Medicare Beneficiaries During COVID-19
