Medicare Advantage insurers raise out-of-pocket costs and cut benefits for 2027 plans
Federal data released this week shows Medicare Advantage insurers are increasing out-of-pocket costs and reducing benefits for enrollees in the 2027 plan year.
Insurers shift financial burden to seniors
Major companies like UnitedHealth Group and Humana are raising costs for dental work and other services. These changes follow investor dissatisfaction with profit margins that fell short of earlier promises. The industry is pruning benefits even after receiving a payment increase from the Trump administration in April.
Network restrictions affect doctor access
Some plans are eliminating broad networks of hospitals and doctors for next year. Older adults may find their current providers no longer accepted if they do not shop carefully during the annual enrollment period starting Oct 15. This shift could result in significant shock for seniors who need care and prescriptions.
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