Millions Could Lose Their Medicare Plans in 2027. Here’s What You Need to Know

Millions of Americans could face an unwelcome surprise when Medicare open enrollment begins October 15. Major insurance companies are eliminating plans, reducing benefits and pulling out of markets, leaving older Americans with fewer choices and potentially higher healthcare costs in 2027. For retirees already struggling with rising living expenses, the changes could make healthcare an even bigger financial concern.According to healthcare research organization KFF, the average Medicare beneficiary will have access to approximately 35 Medicare Advantage plans in 2027, down from 39 in 2026. Meanwhile, at least 3.8 million enrollees are expected to need new coverage as insurers discontinue plans...