eHealth's AEP Snapshot Report Highlights Average Costs and Plan Selection Trends During Medicare's Annual Enrollment Period
Average premiums for Medicare Advantage and Part D plans are up for the first time in four years
eHealth's report presents an analysis of premiums and plan selection trends among Medicare beneficiaries shopping at eHealth in the first half of Medicare's current Annual Enrollment Period. eHealth is a leading online private health insurance marketplace offering free-of-charge personalized plan recommendations from competing insurers nationwide.
For additional context on Medicare Advantage trends, the report also includes findings highlighted in an eHealth survey of more than 2,800 Medicare Advantage enrollees conducted in May of 2022.
- Average premiums for Medicare Advantage plans are up for the first time in four years:
$7is the average monthly premium for Medicare Advantage plans selected by Medicare beneficiaries in the first half of AEP, after three years in the $5to $4range.
- Demand for
$0premium Medicare Advantage plans may have crested: 84% of those selecting Medicare Advantage plans in the first half of AEP chose $0premium plans, compared to 88% in the same period last year.
- Average premiums for stand-alone Medicare Part D Prescription Drug plans are higher:
$31is the average monthly premium for stand-alone Medicare Part D plans selected in the first half of AEP, up from $21last year.
Read the full report.
"This is the first increase in average premiums we've tracked in four years," said eHealth CEO
Findings from eHealth's report are based on submitted applications for Medicare Advantage plans and stand-alone Medicare Part D prescription drug plans received by eHealth
No information relevant to eHealth's financial performance should be drawn from this report. Like other insurance brokers, eHealth is compensated on a fixed per-member basis for Medicare Advantage and Part D plans, as regulated by the
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/ehealths-aep-snapshot-report-highlights-average-costs-and-plan-selection-trends-during-medicares-annual-enrollment-period-301684833.html