Each year, more Medicare beneficiaries are turning to Medicare Advantage plans offered by private insurance providers to meet their health insurance needs. In fact, nearly 34 million older adults were enrolled in Medicare Advantage coverage in 2024,

The cuts will mean turmoil and confusion for many beneficiaries, as well as the risk of higher premiums, fewer benefits or both.

Once you've selected a new Medicare Advantage plan, it will take effect in the month following your request to change. For example, if you select a new plan in February, you will remain on your existing plan throughout that month and switch over to the new plan on March 1.