eHealth Report Finds Average Potential Annual Savings of $762 for Medicare Beneficiaries Who Optimize Coverage Based on Rx Needs
"We know there are few things more alarming to Medicare beneficiaries than high prescription drug costs," said eHealth CEO
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
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.
- Among MAPD enrollees,
$873( $72.75per month) was the average annual potential savings.
- Among Part D plan enrollees,
$708( $59per 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.
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