eHealth's seventh annual Medicare Index
Report tracks plan cost and selection trends among 190,000+
beneficiaries
84% of Medicare Advantage enrollees choose
plans with $0 premiums; average
deductible drops below $100 for the
first time
AUSTIN, Texas, March 7, 2024 /PRNewswire/ -- For deeper insights
into Medicare insurance trends, look beyond what's merely available
in the market for beneficiaries to choose from. Look instead at
what they actually select for themselves. eHealth's
seventh-annual Medicare Index Report sets itself apart from
other market analyses by doing just that.
New original research published today by eHealth, Inc. (Nasdaq:
EHTH) (eHealth.com), a leading online private health insurance
marketplace, highlights average costs and plan selection trends
among Medicare beneficiaries who chose Medicare Advantage and Part
D plans through eHealth during the Annual Enrollment Period (AEP)
for 2024 coverage. Highlights:
- Average Medicare Advantage premium is stable, deductible is
down: $9 is the average monthly
premium among Medicare Advantage plans selected by eHealth
customers during the AEP for 2024 coverage, a figure unchanged from
the previous year; for the first time since eHealth began tracking
it, the average deductible fell below $100 ($95 for
2024).
- Average Part D plan premium is also down, but average
deductible is up: $29 is the
average monthly premium for stand-alone Medicare Part D plans
selected by eHealth customers during AEP, down 9% from the year
prior ($32); meanwhile, the average
deductible for Part D plans increased 14%, from $389 to $445.
- Average premium for Medicare Supplement plans is up this
year: Though enrollment in Medicare Supplement (Medigap) plans
is not governed by AEP, the average premium for plans selected by
eHealth customers during this period is up 9% year over year, from
$173 to $189 per month.
Read the full report.
eHealth's research is based on an analysis of more than 190,000
plan selections by Medicare beneficiaries at eHealth during
Medicare's recent Annual Enrollment Period for 2024 coverage
(October 15 through December 7,
2023). Refer to the methodology note in the report for more
details.
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, and on a percentage
of premium basis for most Medicare Supplement plans.
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, visit ehealth.com or follow us on
LinkedIn, Facebook, Instagram, and X. Open positions can be
found on our career page.
Media inquiries, please
contact: pr@ehealth.com
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SOURCE eHealth, Inc.