eHealth Research Highlights Economic Factors that Drive Enrollment in Medicare Advantage vs Medicare Supplement
39% of Medicare Advantage enrollees earn less than
Supplement enrollees are much more affluent
70% of Medicare Advantage enrollees cannot afford monthly premiums over
making Medicare Supplement unaffordable for most
eHealth found that both Medicare Advantage and Medicare Supplement enrollees are overwhelmingly satisfied with their coverage (89% and 87%, respectively). However, Medicare Supplement enrollees are significantly more affluent than Medicare Advantage enrollees and less vulnerable to higher premiums and other costs.
- 73% of Medicare Advantage enrollees live on less than
$50,000per year, while 50% of Medicare Supplement enrollees live on $50,000or more per year.
- 70% of Medicare Advantage enrollees say they cannot afford monthly premiums of more than
"The challenges that lie ahead for Medicare Advantage underscore the importance of highlighting the financial vulnerabilities of millions of beneficiaries who depend on the program," said eHealth CEO
Additional highlights from eHealth's report:
- Medicare Supplement enrollees are less vulnerable to out-of-pocket costs: 61% of Medicare Supplement plan enrollees say they have savings sufficient to cover their out-of-pocket costs in case of hospitalization, compared to only 37% of Medicare Advantage enrollees.
- Medicare Advantage and Medicare Supplement enrollees have different worries for the future: The biggest worry for Medicare Advantage enrollees is being unable to afford their medical care (cited by 39%), while Medicare Supplement enrollees' biggest worry is seeing their Medicare benefits reduced (cited by 32%).
- Medicare Advantage enrollees are more likely to say their coverage satisfaction has increased: 41% of Medicare Advantage enrollees say their satisfaction with their coverage has increased in the past year, compared to 20% of Medicare Supplement enrollees.
For more insights, please review the full report and methodology information.
For more than 25 years,
Media inquiries, please contact: firstname.lastname@example.org
View original content to download multimedia:https://www.prnewswire.com/news-releases/ehealth-research-highlights-economic-factors-that-drive-enrollment-in-medicare-advantage-vs-medicare-supplement-301775556.html