Medicare Advantage Is Quietly Cutting One of Its Most Popular Perks for Seniors
Medicare Advantage plans are increasingly scaling back supplemental benefits, including over-the-counter (OTC) allowances and grocery cards. Recent data indicates that the percentage of plans offering these OTC benefits has dropped, and the average monthly allowance has decreased by 13% compared to the previous year.
HNH Insight
The article highlights a significant trend of benefit reduction in the Medicare Advantage market, specifically noting that fewer plans now allow for the rollover of unused OTC funds, which complicates how beneficiaries manage their health spending.
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