Clover Health, revealed that just 27 percent of New Jersey seniors are enrolled in a Medicare Advantage (MA) plan, despite significant increases in enrollment nationwide over the past decade.
Each fall, older adults enrolled in Medicare are able to easily switch and join an Advantage plan. In 2019, the Annual Enrollment Period (AEP) began on Oct. 15 and runs through Dec. 7. New coverage chosen during this year’s AEP will begin on Jan. 1, 2020.
According to Clover Health, as of September 2019, nearly 1.8 million adults in New Jersey were eligible for Medicare — a 5.7 percent increase in that population since September 2018. Nevertheless, Garden State residents remain enrolled in MA plans at far lower rates than their peers – at 34 percent –throughout the country.
“Choosing a health care plan is one of the most important decisions older adults make each year,” said Hiram Bermudez, vice president of northeast operations, Clover Health. “That’s why Clover is urging the 73 percent of New Jersey seniors not enrolled in a Medicare Advantage plan to research their options outside of traditional Medicare and explore the high-quality, personalized benefits offered through MA, often at a lower cost.”
Medicare Advantage plans are part of the official Medicare system, but can also provide substantial hospital and doctor visit coverage, low premiums and a wealth of additional benefits — including prescription drug coverage, in-home checkups, vision, dental and hearing care — not covered by traditional Medicare.
Older adults and others eligible for Medicare nationwide can also explore their options through the updated Medicare Plan Finder from the Centers for Medicare and Medicaid Services, designed to help compare coverage and benefits across available plans.
Jersey City-based Clover Health is a health care technology company that helps its members via personalized, data-driven, primary care. Clover serves only Medicare patients and uses a set of comprehensive medical data on each member. Clover’s technology platform uses this data, along with machine learning, to deliver actionable insights to physicians at the point of care designed to drive down costs and improve patient outcomes. Clover also has offices in San Francisco, Nashville and Hong Kong.