A majority of retirees who have Medicare supplemental plans purchased on the Extend Health private Medicare exchange said they reevaluated their current plan during the open enrollment period for 2014.
The major reason they took a second look is that they wanted to make sure they had the best coverage. The other reason was premium increases.
Extend Health fielded the survey in December, and even though more than two-thirds of plan holders reevaluated their coverage, only 29 percent said they replaced or dropped one or more of their plans. The remaining 71 percent took no action and allowed their existing plans to renew automatically, according to The Extend Health Blog.
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