MINNETONKA, Minn. — Health insurer UnitedHealthcare is sponsoring a weeklong education program for Medicare patients, the company said Friday.
Starting Sunday, one month before Medicare's annual open-enrollment period, UnitedHealthcare's National Medicare Education Week is designed to help baby boomers, existing beneficiaries, their families and caregivers learn more about Medicare. The open-enrollment period lasts from Oct. 15 to Dec. 7.
"Dispelling Medicare confusion is important because healthcare decisions can have a significant impact on the well-being and wallets of seniors and other Medicare beneficiaries," UnitedHealthcare Medicare & Retirement CEO Jack Larsen said. "Medicare is not a one-size-fits-all program, and making coverage choices requires thoughtful planning."
According to the company, baby boomers in their early 60s who are approaching eligibility for Medicare have struggled to understand the program, with 70% describing their understanding of it as "fair" or "poor," and more than half saying they wouldn't "know where to begin" when it comes to preparing for the transition from employer-sponsored insurance to Medicare.