SANTA CLARA, Calif.,
July 15, 2021 /PRNewswire/
-- Today eHealth, Inc. (NASDAQ: EHTH) (eHealth.com) released
an analysis that found Medicare beneficiaries enrolled in
Medicare Advantage Prescription Drug (MAPD) plans or stand-alone
Medicare Part D plans could save an average of $762 per year ($63.50 per month) by enrolling in coverage
optimized for their prescription drug needs.
"We know there are few things more alarming to Medicare
beneficiaries than high prescription drug costs," said eHealth CEO
Scott Flanders. "At a time when
expensive new drugs are making their way into the market, our
report shows that many beneficiaries could save a lot of money by
selecting Medicare plans more closely aligned to their personal
prescription drug regimen."
eHealth's findings are based on more than 33,000 user sessions
of eHealth's prescription drug coverage comparison tool by Medicare
customers during Medicare's Annual Enrollment Period for 2021
coverage, which took place between October
15 and December 7, 2020.
eHealth's prescription drug coverage comparison tool allows many
users to identify their 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:
- Among MAPD enrollees, $873
($72.75 per month) was the average
annual potential savings.
- Among Part D plan enrollees, $708
($59 per month) was the average
annual potential savings.
- 94% of drug coverage comparison tool users could have saved
money by enrolling in a more cost-effective plan for their 2021
drug coverage needs.
eHealth's report also identifies the average potential savings
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.
Average potential savings identified in this report are limited
to plans offered by eHealth at the time of tool use and are based
on the cost information available to eHealth at the time the tool
was used; this cost information is subject to periodic updates and
corrections.
About eHealth
eHealth, Inc. (NASDAQ: EHTH) operates a leading health insurance
marketplace at eHealth.com and eHealthMedicare.com with technology
that provides consumers with health insurance enrollment solutions.
Since 1997, we have connected more than 8 million members with
quality, affordable health insurance, Medicare options, and
ancillary plans. Our proprietary marketplace offers Medicare
Advantage, Medicare Supplement, Medicare Part D prescription drug,
individual, family, small business and other plans from over 200
health insurance carriers across fifty states and the District of Columbia.
Media inquiries:
eHealth
pr@ehealth.com
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SOURCE eHealth, Inc.