Results
from a new survey released
today by eHealth, Inc. show that while more than three quarters (78%) of
Medicare beneficiaries are happy with their current Medicare plan, 79% also
intend to review their coverage options during open enrollment season.
eHealth's
report is based on a voluntary survey of 1,351 eHealth Medicare customers,
conducted in October 2019. The survey results are being released during
Medicare's Annual Enrollment Period (AEP) for 2020 coverage, which began
October 15 and is scheduled to continue through December 7, 2019.
"Our
survey results suggest Medicare beneficiaries are getting the message that it's
smart to review your coverage options every year," said eHealth CEO Scott
Flanders. "Your personal coverage needs may have changed, and your
prescription drug coverage or provider networks may be changing next year. New
plans are also being introduced for 2020. That's why we encourage all Medicare
beneficiaries to review their coverage options during open enrollment."
Highlights
from the survey results released
today:
·
Most enrollees intend to review their Medicare
options during AEP; more than one-quarter think they'll switch: 79% of
respondents intend to review their options during AEP; 78% are satisfied with
their coverage today. One quarter of respondents (26%) think they're likely to
switch to a new plan this AEP.
·
Drug costs drive purchasing decisions for a
third of beneficiaries: 32% of respondents say that prescription
drug costs are the number one factor they rely upon when choosing a new
Medicare plan.
·
New Medicare Advantage benefits interest
beneficiaries: 70% of Medicare Advantage enrollees expressed interest in
additional or expanded dental and vision benefits available in some Medicare
Advantage plans, while 35% expressed interest in coverage for alternative
medicine treatments.
"Nearly
a third (32%) of survey respondents said prescription drug costs were the number
one factor they consider when shopping for a new plan," said Mr.
Flanders. "As we recently reported elsewhere,
eHealth's prescription drug coverage comparison tool helped seniors find
Medicare Advantage plans that would allow them to save an average of $1,144
based on their personal drug regimen."
Read
the full report.
About
eHealth
eHealth,
Inc. (NASDAQ: EHTH) owns eHealth.com, a leading private online health
insurance exchange where individuals, families and small businesses can compare
health insurance products from brand-name insurers side by side and purchase
and enroll in coverage online and over the phone. eHealth offers thousands of
individual, family and small business health plans underwritten by many of the
nation's leading health insurance companies. eHealth (through its subsidiaries)
is licensed to sell health insurance in all 50 states and the District of
Columbia. eHealth also offers educational resources, exceptional telephonic
support, and powerful online and pharmacy-based tools to help Medicare
beneficiaries navigate Medicare health insurance options, choose the right plan
and enroll in select plans online or over the phone through Medicare.com (www.Medicare.com), eHealthMedicare.com (www.eHealthMedicare.com)
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