Medicare Advantage plans are the fastest-growing form of Medicare coverage, with a million new members enrolling each year. A few years ago, only 10% of seniors had Medicare Advantage programs – in 2016, 35% of retirees now have this type of coverage. Given this market trend the District felt it important to further explore the opportunity to move to such a plan for its retirees. We found that there is the potential for shared savings by moving to such an option, and we believe a Group Medicare Advantage plan would provide a more affordable healthcare solution for our retirees over the longer term.
If you have any other questions, please email us at CompandBenefits@mwrd.org.