Most Retirees Don't Shop Around for a Medicare Plan -- and That's a Big Problem
Nobody really likes reviewing their Medicare plan annually. But for some retirees, the experience is truly awful.
Nearly a quarter of Medicare beneficiaries said that reviewing their Medicare plan once a year is among their "most unpleasant things to do," along with getting a colonoscopy or going to the dentist, according to a survey from WellCare Health Plans.
And, like a colonoscopy or going to the dentist, most people put off reviewing their Medicare plan until the last minute and then get it over with as quickly as possible, or they don't review it at all. In fact, only 33% of U.S. seniors compare prices for Medicare plans, the WellCare report revealed. That compares with 54% who compare prices while grocery shopping and 44% who compare gas prices.
Source: Fool.com
