Medicare Advantage plans are increasingly popular, with 30.8 million Americans enrolled. However, once you’re in a Medicare Advantage plan, it may be difficult to switch back to traditional Medicare. Advantage plans can be appealing due to lower costs and additional benefits, but they also have limitations on hospitals and doctors. The Biden administration recently issued new requirements for prior authorization. Open enrollment for Medicare Advantage is happening now, allowing individuals to switch plans. Many people are unable to switch back to traditional Medicare due to chronic conditions. Experts are discussing potential solutions to address the barriers to switching back to traditional Medicare.
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Medicare Advantage Is Popular, but Some Beneficiaries Feel Buyer’s Remorse
