eHealth Survey Highlights Why Medicare Beneficiaries Should Review Their Coverage Options This Annual Enrollment Period
53% are enrolled in the same coverage they had three years ago, despite life changes suggesting they may need a new plan
36% do not know Medicare's Annual Enrollment Period is happening right now
"Your coverage needs can evolve each year, and this may be especially true for Medicare beneficiaries," said eHealth CEO
Highlights from eHealth's survey:
- Many Medicare beneficiaries may be overdue to reconsider their coverage options: 53% have had the same Medicare coverage for three or more years; 45% say they have not reviewed their coverage options in the past year.
- Significant numbers are unaware of enrollment opportunities and plan changes: 36% don't know that Medicare's Annual Enrollment Period is currently under way; 40% are unaware of any potential changes to their Medicare plan benefits for 2023.
- About half experienced changes in the past year that may suggest a new plan is in order: 46% say their prescription drug needs changed in the past year; 51% began seeing new medical providers; 46% say their personal financial situation has changed.
- Inflation is a big concern for long-term affordability: Over 75% say they are worried about inflation's impact on health care costs; fewer than half could afford it if their out-of-pocket costs increased more than 5%.
Read the full report.
eHealth recently published its top seven tips to help Medicare beneficiaries find the best plan for their needs.
Medicare's nationwide Annual Enrollment Period for 2023 coverage began on
* Based on an eHealth analysis of 142,000 user sessions among Medicare customers who used eHealth's prescription drug coverage comparison tool
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