eHealth research examines costs &
trends midway through Medicare's Annual
Enrollment Period and outlines beneficiaries' priorities for
President-elect Trump
AUSTIN,
Texas, Nov. 19, 2024 /PRNewswire/ --
New original research from eHealth, Inc. (Nasdaq: EHTH), a
leading online private health insurance marketplace, finds that the
average premium for Medicare Part D drug plans selected by
beneficiaries in the first half of Medicare's Annual Enrollment
Period is up 17% from a year ago.
Survey data included in eHealth's report show that 64% of
Medicare beneficiaries are more confident in the future
sustainability of Medicare based on the outcome of the presidential
election. Seventy-two percent (72%) are confident President-elect
Trump will prioritize their needs. Their top-three priorities for
the incoming administration are lowering drug costs, lowering
out-of-pocket expenses, and strengthening Medicare Advantage.
"Midway through Medicare's Annual Enrollment Period, many
beneficiaries are grappling with significant cost increases and
changes to their benefits, forcing them to shop for new plans,"
said eHealth CEO Fran Soistman. "It
can be challenging to choose the right Medicare plan for your
personal needs and budget. However, as shown in our report, almost
nine-in-ten beneficiaries say they feel more confident selecting a
new Medicare plan when they work with a licensed health insurance
agent."
Additional highlights:
- 79% of Medicare Advantage and Medicare Part D plan enrollees
say costs or benefits are changing under their current plan
- 88% have already begun reviewing their coverage options, while
63% of these say they have enrolled, or will enroll, in a new
Medicare plan for 2025
- 87% say that working with a licensed agent increases their
confidence when selecting a Medicare plan
Read the full report.
Medicare's Annual Enrollment Period for 2025 coverage is
scheduled to conclude on December 7,
2024. eHealth's report is based on an analysis of tens of
thousands of Medicare plans selected through eHealth in the period
from October 15 through November 8,
2024. Survey findings are based on a poll of Medicare
beneficiaries drawn from the general population and conducted
through a third-party survey vendor. For more information, refer to
the methodology section of the report.
No information relevant to eHealth's financial performance
should be drawn from this report. Like other insurance brokers,
eHealth is compensated on a fixed per-member basis for Medicare
Advantage and Part D plans, as regulated by the Centers for
Medicare and Medicaid Services.
About eHealth (NASDAQ: EHTH)
We're Matchmakers. For over 25 years, eHealth has helped millions
of Americans find the healthcare coverage that fits their needs at
a price they can afford. As a leading independent licensed
insurance agency and advisor, eHealth offers access to over 180
health insurers, including national and regional
companies.
For more information about eHealth, visit ehealth.com or follow
us on LinkedIn, Facebook, Instagram, and X. Open positions can be
found on our career page.
Media inquiries: pr@ehealth.com
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SOURCE eHealth, Inc.