More Seniors Are Selecting Private Medicare Advantage Plans

Enrollment in private Medicare health plans has grown sharply since enactment of the Medicare Modernization Act of 2003, which created a Medicare drug benefit and created incentives for new private plans to enter the Medicare market, according to four new reports from the Kaiser Family Foundation. Private plans called Medicare Advantage plans are now widely available and cover a record 8.3 million beneficiaries, up from 5.3 million in 2003, the reports indicate. Please click on report link above for further details.