Medicare Advantage plans shift more costs onto seniors in 2027
Key Points:
- Medicare Advantage plans are increasing out-of-pocket costs for enrollees in 2027, potentially leading to higher expenses for care and prescriptions.
- Insurers are significantly reducing coverage for dental work and other supplemental benefits in these plans.
- Some Medicare Advantage plans with broad networks of hospitals and doctors are being eliminated, limiting choices for beneficiaries.
- Older adults may face unexpected challenges, such as their preferred doctors no longer being in-network, if they do not carefully review plan options during the upcoming enrollment period starting October 15.