Over 1 Million People Are Losing Their Medicare Advantage Plan — Here Are Your 3 Options

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More than 1 million people will lose the Medicare Advantage plan they are currently on at the end of the year. Because of cost and reimbursement issues, insurance companies are shutting down plans and even leaving certain markets.

The good news is that you have good options. It's important to understand those options and to make sure you meet the deadlines.

*Resources*

Ari Parker Interview: https://youtube.com/live/RlBmPB7Dexw

MedPac Slides: https://www.medpac.gov/wp-content/uploads/2024/08/Medicare-agents-MedPAC-03.25sec.pdf

Healthcare Dive Article: https://www.healthcaredive.com/news/medicare-advantage-plans-2026-unitedhealthcare-humana-aetna/801761/

Medicare Guaranteed Issue Rights: https://www.medicare.gov/health-drug-plans/medigap/ready-to-buy


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0:00 Intro
1:07 Why MA Plans are Closing
2:33 Annual Notice of Change
3:48 Option No. 1: Nothing
4:50 Option No. 2: Choose a New MA Plan
11:24 Option No. 3: Switch to Original Medicare/Medigap/Part D
18:22 Using a Broker
23:08 Key Takeaway

ABOUT ME

While still working as a trial attorney in the securities field, I started writing about personal finance and investing In 2007. In 2013 I started the Doughroller Money Podcast, which has been downloaded millions of times. I've since sold my websites, bought them back, and started a new website and this YouTube channel.

I'm also the author of Retire Before Mom and Dad--The Simple Numbers Behind a Lifetime of Financial Freedom (https://amzn.to/3by10EE)

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DISCLAIMER: I am not a financial adviser. These videos are for educational purposes only. Investing of any kind involves risk. Your investment and other financial decisions are solely your responsibility. It is imperative that you conduct your own research and seek professional advice as necessary. I am merely sharing my opinions.

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