Understanding your Medicare options becomes paramount as we approach the ever-evolving healthcare landscape in 2024. Did you know that Medicare Advantage, the private plan alternative to traditional Medicare, has recently become increasingly popular? In fact, over half of eligible Medicare beneficiaries, or around 31 million people, are now enrolled in a Medicare Advantage plan.


Overview of Medicare Advantage (MA) Plans

Begin by understanding the fundamentals of Medicare Advantage plans. These plans, offered by private insurance companies, combine the benefits of Original Medicare (Part A and Part B) with additional coverage options, often including prescription drug coverage (Part D), dental, vision, and more. It’s important to note that Medicare Advantage plans should cover all emergency and urgent care services, including mental health services and most medically necessary services that Original Medicare covers.

2024 Plan Updates and Changes

  • In 2024, the average Medicare beneficiary has access to 43 Medicare Advantage plans, double the number offered in 2018.
  • HMOs account for 56% of all plans, while local PPOs are rising in popularity.
  • Growth of Dual Eligible Special Needs Plans (D-SNPs): The number of D-SNPs has nearly doubled from 2019 to 2024, indicating a growing acknowledgment of the unique healthcare needs of individuals eligible for Medicare and Medicaid. D-SNPs’ expansion translates to increased options and tailored coverage for dual-eligible beneficiaries.
  • Affordability and Premiums for Medicare Advantage Prescription Drug plans: Two-thirds of MA-PDs charge no premium. This affordability enhances accessibility to comprehensive coverage within Medicare Advantage plans.
  • Extra Benefits in MA-PDs: Most plans offer extra benefits such as vision, dental, and hearing. Medicare Advantage plans are extending beyond the basics. Including additional benefits like vision, dental, and hearing reflects a commitment to address the holistic health needs of beneficiaries, providing a more comprehensive healthcare experience.


Key dates

The Medicare Advantage Open Enrollment Period (MA OEP) allows beneficiaries to make changes to their Medicare Advantage plans. Here are key dates and important information related to Medicare Advantage plans:

Initial Enrollment Period (IEP):

It begins three months before the individual turns 65, includes the birth month, and extends for three months after.

Important Information: This is the initial opportunity for individuals to enroll in Medicare Advantage plans.

Annual Enrollment Period (AEP):

October 15 to December 7 every year.

Important Information: Beneficiaries can switch, enroll, or disenroll from Medicare Advantage plans during this period.

Medicare Advantage Open Enrollment Period (MA OEP):

January 1 to March 31 every year.

Important Information: Beneficiaries already enrolled in a Medicare Advantage plan can make a one-time change. They can switch to another Medicare Advantage plan or return to Original Medicare with or without a stand-alone Part D prescription drug plan.

 Special Enrollment Periods (SEPs):

Varies are based on qualifying events (e.g., moving or losing employer coverage).

Important Information: SEPs allow beneficiaries to change outside the standard enrollment periods due to specific life circumstances.


Understanding your Medicare options is crucial for accessing comprehensive healthcare coverage. As we approach 2024, Medicare beneficiaries have access to an increasing number of Medicare Advantage plans that offer additional coverage options beyond Original Medicare. This includes prescription drug coverage, dental, vision, and more. With continued growth in Dual Eligible Special Needs Plans, affordability, extra benefits, and key enrollment periods, Medicare beneficiaries have more options than ever before to tailor their healthcare coverage to their specific needs. It is essential to stay informed and take advantage of these opportunities to ensure you receive the best care.

Need Assistance During Medicare Advantage Open Enrollment Period?

Skyline Benefit is an independent Medicare insurance broker that offers affordable and flexible Medicare options. Selecting the best Medicare insurance plans and navigating open enrollment can be overwhelming; our mission is to simplify the process and help our clients every step of the way.

Schedule a consultation today. Call us at (714) 888-5112

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