Since becoming eligible, only 5 percent of seniors have changed their Medicare plan. But a new survey from Allsup suggests that proportion could surge to as much as 16 percent next year, as more seniors are considering a switch.
Albeit a relatively low number, experts say the percentage indicates seniors are factoring whether they're protected in their current plan. In fact, only one in four seniors is very confident that their Medicare coverage would be adequate should their health condition change.
Still, many are reluctant to switch due to a number of barriers, including finding information, comparing plans and understanding the different Medicare options.
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