eHealth, Inc. (NASDAQ : EHTH) released results from a survey involving more than 2,800 Medicare beneficiaries. The survey explored their satisfaction with their Medicare Advantage plans.
While Medicare Advantage plans have been under scrutiny by some policymakers and the media, eHealth’s survey revealed that a majority (98%) of enrollees are satisfied with their coverage. Nearly nine out of ten (88%) said they are satisfied with their plans. Similar numbers (86%) say they would recommend Medicare Advantage plans for friends and family.
Additional findings
— The majority of Medicare Supplement (Medigap), beneficiaries who were previously enrolled in Medicare Supplement, still prefer Medicare Advantage.59% claim they are more satisfied with their Medicare Advantage plans than those who were enrolled in Medigap; 23% say they are “equally satisfied.”
— The majority of Medicare Advantage enrollees cannot afford the alternatives.Two-thirds (67%) chose Medicare Advantage over Medigap because Medigap was too costly. 73% of those surveyed say they can afford $50 per month if they are forced to look for similar coverage elsewhere.
— The majority of people view Medicare Advantage as an example of public/private collaboration: More than six out of ten (61%) believe that Medicare Advantage is a great example of cooperation between government, private enterprise. 5% disagree and only 13% believe that regulation of Medicare Advantage plans needs to be increased.
Read the complete report: https://c212.net/c/link/?t=0&l=en&o=3564523-1&h=3665776140&u=https%3A%2F%2Fnews.ehealthinsurance.com%2F_ir%2F68%2F20225%2FSpotlight_On_Medicare_Advantage_eHealth_Survey_June2022.pdf&a=full+report
Private insurance companies offer Medicare Advantage plans. These plans cover Medicare Parts A, B and provide additional benefits. Part D prescription drug coverage is included in most Medicare Advantage plans. Medicare Advantage plans are generally more affordable than Medicare Supplement or stand-alone Part D plans. Many beneficiaries can enroll in $0-premium Medicare Advantage plans.
eHealth’s report was based on a voluntary survey among Medicare beneficiaries who bought Medicare Advantage plans through eHealth. The survey was completed in May 2022 with 2,848 responses.