In 2021, more than 26 million Medicare beneficiaries enrolled in a Medicare Advantage plan, accounting for about 42% of the total Medicare population.
This year, the average Medicare Advantage beneficiary has access to 39 Medicare Advantage plans, more than double the number of plans per person in 2017, and the largest number of options available in more than a decade!
With all these options available, it’s more likely that each beneficiary can enroll in a plan that works best for them. However, we all know that sometimes having too many options can be stressful. It can be a seemingly impossible task to select a plan that works best for your unique medical and prescription needs, all while staying within a particular budget.
The Medicare Advantage Open Enrollment Period runs through March 31st. Right now, many of your employees may be reviewing their coverage, sifting through plan-specifics, and ultimately selecting a new Medicare Advantage plan for 2022. Whether they’re doing this for themselves, or helping an aging loved one, this process can take hours to finish.
Wouldn’t it be great if you could wave a magic wand and reduce the work, worry, and stress for your team? The good news is you absolutely can, by offering them a caregiving benefit, such as Homethrive.
Homethrive’s partnership with a highly rated Medicare advisory service can help your employees and their families save critical time and energy that could instead be refocused on key personal and professional responsibilities.
Learn more about how our Medicare expertise can support your team through Open Enrollment.