Jane Sung, JD, is a senior strategic policy advisor at the AARP Public Policy Institute. Her areas of expertise include private health insurance, health insurance market reforms, Medicare Advantage, and Medicare supplemental insurance. Read her full biography.
For the 5.6 million adults ages 50 to 64 who are uninsured, this Open Enrollment Period offers an important opportunity to get coverage for 2024. For the over 5 million older adults already enrolled in individual coverage, it’s a good time to compare plan benefits, providers, and prices to find the best plan for them.
Here’s a look at why Medicare is spending more for Medicare Advantage (MA), how higher MA payments affect consumers, and why it is critically important to keep consumers front and center in considering any changes to how Medicare pays MA insurers.