October 07, 2024
Lauren Berryman
Next year’s Medicare Advantage landscape appears relatively stable on the surface. But beneath that lie notable coverage cutbacks health insurers made to recover margins after a turbulent year.
The large number of Medicare Advantage plans available for 2025 and a lower average premium tell one story. Insurers exiting geographic markets, reducing benefits and imposing higher out-of-pocket costs reveal another. Just over half of nearly 67 million Medicare beneficiaries are on Medicare Advantage and open enrollment begins a week from Tuesday.