SANTA CLARA, Calif.,
Oct. 14, 2019 /PRNewswire/ --
According to a new report released today by eHealth, Inc. (NASDAQ:
EHTH) (eHealth.com), 90% of people enrolled in a Medicare Advantage
Prescription Drug (MAPD) plan stood to save an average of
$1,144 by switching to a plan optimal
for their prescription drug needs. The report also identifies the
brand name and generic drugs most commonly entered by Medicare
beneficiaries into eHealth's prescription drug coverage tool.
Highlights:
- $1,144 was the average potential
annual savings for MAPD enrollees, if they switched to the MAPD
plan recommended by eHealth's prescription drug coverage comparison
tool.
- $798 was the average potential
annual savings for Part D enrollees.
- Only 9.3% of MAPD enrollees and 8.4% of Part D plan enrollees
were currently covered in the optimal plan for their prescription
needs when using eHealth's shopping tool.
- Medications used to treat high blood pressure, high
cholesterol, diabetes, COPD and GERD were the most commonly
searched for among more than 1 million drug entries on the
tool.
"With half of all Medicare beneficiaries living on an annual
income of less than $26,200, and
the start of Medicare's Annual Enrollment Period (AEP) tomorrow,
it's crucial that seniors have access to reliable tools that help
them find the lowest cost and most comprehensive Medicare Advantage
and Part D plans for their personal needs," said eHealth CEO
Scott Flanders.
"eHealth's Medicare plan shopping tools are available for use at
no cost to anyone looking for reliable Medicare plan comparisons,
whether or not they choose to enroll in a plan at eHealth."
Read the full report.
Medicare's nationwide Annual Enrollment Period (AEP) for the
2020 plan year is scheduled to begin October
15 and continue through December 7,
2019.
eHealth's report is based on Medicare customers who used
eHealth's prescription drug coverage comparison tool during last
year's Medicare AEP, which ran from October
15 through December 7, 2018. Tool users are invited to enter
their current Medicare drug coverage plan and their personal
prescription drug regimen. Potential savings are calculated based
on combined premiums and out-of-pocket costs.
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), GoMedigap (www.goMedigap.com) and
PlanPrescriber.com (www.PlanPrescriber.com).
For media inquiries, please contact:
Sande Drew
DMA Communications for eHealth, Inc.
(916) 207-7674
sande.drew@gmail.com
Lisa Zamosky
Senior Director Communications, eHealth, Inc.
(917) 751-0232
lisa.zamosky@ehealth.com
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SOURCE eHealth, Inc.