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FILE - A UnitedHealthcare Group Medicare Advantage PPO card rests on top of a Medicare card is seen in Portland, Ore., June 10, 2024. (AP Photo/Jenny Kane, File)

Tips for shopping for Medicare Advantage plans

Shopping season for Medicare coverage is about to begin and with it comes the annual onslaught of TV ads and choices to consider

By TOM MURPHY
Published - Sep 28, 2024, 09:07 AM ET
Last Updated - Dec 16, 2024, 06:49 PM EST

Shopping season for Medicare coverage is about to begin. With it comes the annual onslaught of TV ads and choices to consider.

People eligible for the federal government’s Medicare program will have from Oct. 15 to Dec. 7 to sign up for 2025 Medicare Advantage plans, which are privately run versions of the program. They also can add a prescription drug plan to traditional Medicare coverage.

Many people on Medicare Advantage plans will probably have to find new coverage as major insurers cut costs and pull back from markets. Industry experts also predict some price increases for Medicare prescription drug plans.

Shoppers often have dozens of options during this sign-up period. Here are some things to consider.

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