Do you want to know why Americans said they were signing up for Medicare Advantage (MA) plans in 2021? According to a survey done by the folks at Medicare Advantage plans, it largely boiled down to COVID-19 supplemental benefits and telehealth supplementalbenefits.
- 35% of respondents said they are enrolled in a MA plan for 2021 because they’ve had it before and prefer it, 29% like the prescription drug coverage, 16% like the affordability, and 9% like the supplemental benefits.
- Of those who decided on a MA plan because of supplemental benefits, 35% cited COVID-19 supplemental benefits specifically, while 27% cited telehealth benefits.
- 45% were switching from an original Medicare plan in 2020 to a Medicare Advantage plan in 2021.
- Of those enrolled in a MA plan for 2021, 65% compared all of their Medicare options before enrolling, while 26% did a “brief amount of research.”