eHealth's Medicare Index Report for 2021 Coverage Tracks Increasing Popularity of Medicare Advantage Plans
"The increasing popularity of Medicare Advantage is one of the best illustrations of successful private/public cooperation in the health care sector today," said eHealth CEO
Highlights from the report:
- For 2021, the percent of beneficiaries selecting Medicare Advantage plans at eHealth increased across all age bands: 77% of eHealth's Medicare customers chose Medicare Advantage plans during the AEP for 2021 coverage, compared to 61% the year before.
- Nearly nine in ten Medicare Advantage enrollees selected
$0premium plans: 86% of eHealth customers selecting Medicare Advantage plans during the AEP for 2021 coverage chose plans with a $0monthly premium, compared to 83% for 2020, 73% for 2019, and 63% for 2018.
- Average premiums for Medicare Advantage plans have decreased 71% since 2018:
$5was the average monthly premium for Medicare Advantage plans selected at eHealth during the AEP for 2021 coverage, as increased enrollment in $0premium plans continued to drive down average costs.
Read the full report.
eHealth's findings are based on more than 298,000 submitted applications for Medicare insurance products received by eHealth during the AEP for 2021 coverage, which occurred from
Medicare Advantage plans are offered by private companies contracting with Medicare to provide beneficiaries' Medicare Part A and Part B coverage; most also provide prescription drug coverage and other benefits.
No information relevant to eHealth's financial performance should be drawn from this report. Similar to other insurance brokers, eHealth is compensated on a fixed per-member basis for Medicare Advantage and Part D plans, as regulated by the
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