SANTA CLARA, Calif.,
Aug. 26, 2020 /PRNewswire/ -- A
new report from eHealth, Inc. (NASDAQ: EHTH) (eHealth.com) finds
that average Medicare beneficiaries enrolled in a Medicare
Advantage Prescription Drug (MAPD) plan or stand-alone Medicare
Part D plan could save $782 per year
($65.17 per month) by enrolling in a
more optimal plan for their prescription drug needs.
eHealth's findings are based on more than 111,000 uses of
eHealth's prescription drug coverage comparison tool by Medicare
customers during Medicare's Annual Enrollment Period (AEP) for 2020
coverage, which took place between October
15 and December 7, 2019.
"The cost of prescription drugs is a top concern for many
Medicare beneficiaries but their drug needs and coverage may change
from year to year," said eHealth CEO Scott
Flanders. "Our analysis illustrates why we recommend
Medicare beneficiaries use this fall's AEP to review their coverage
options for 2021. eHealth's drug coverage comparison tool can help
them save money if they enroll in the optimal plan for their
prescription needs."
eHealth's prescription drug coverage comparison tool invites
users to identify their current drug regimen and their current MAPD
or Medicare Part D plan. It then shows them which of the plans
offered by eHealth cover their drugs at the lowest combined premium
and out-of-pocket cost, and the potential savings to be realized if
they switched to the recommended plan.
Additional highlights from eHealth's analysis:
- Among MAPD enrollees, $982
($81.83 per month) was the average
annual potential savings.
- Among Part D plan enrollees, $716
($59.67 per month) was the average
annual potential savings.
- 92% of drug coverage comparison tool users last AEP could have
saved money by enrolling in a more cost-effective plan for their
2020 drug coverage needs.
eHealth's report also identifies the average potential savings
identified for eHealth customers in select states and the top ten
brand-name and generic drugs entered into the tool by users.
Read the full report for more details.
About eHealth
eHealth, Inc. (NASDAQ: EHTH) operates a leading health insurance
marketplace at eHealth.com and eHealthMedicare.com with a
technology and service platform that provides consumer engagement,
education and health insurance enrollment solutions. Our mission is
to connect every person with the highest quality, most affordable
health insurance and Medicare plans for their life circumstances.
Our platform integrates proprietary and third-party developed
educational content regarding health insurance plans with decision
support tools to aid consumers in what has traditionally been a
confusing and opaque health insurance purchasing process, and to
help them obtain the health insurance products that meet their
individual health and economic needs. Our omni-channel consumer
engagement platform is designed to meet the consumer wherever they
prefer to engage with us, and enables consumers to use our services
online, through interactive chat, or by telephone with a licensed
insurance agent. We have created a marketplace that offers
consumers a broad choice of insurance products that include
thousands of Medicare Advantage, Medicare Supplement, Medicare Part
D prescription drug, individual and family, small business and
other ancillary health insurance products from over 180 health
insurance carriers across all fifty states and the District of Columbia.
For media inquiries, please
contact:
Sande Drew
DMA Communications for eHealth, Inc.
(916) 207-7674
sande.drew@gmail.com
James Chisum
Media Consultant
(562) 493-6023
JamesC@millergeer.com
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SOURCE eHealth, Inc.