Women and Lower-Income Enrollees Are Most Likely to Change Medicare Advantage Plans, eHealth Survey Finds
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ccording to a survey of Medicare Advantage enrollees released by eHealth, Inc. (NASDAQ: EHTH) (eHealth.com), 40pc of women had changed from one Medicare Advantage plan to another, compared to 33pc of men.
eHealth's survey also found that 40% of those with incomes below $25,000 had changed plans, compared to 29% of those with incomes over $100,000.
eHealth's findings are being published during the January-March open enrollment period when Medicare Advantage enrollees who are unsatisfied with their coverage may change from one Medicare Advantage plan to another or disenroll and return to Original Medicare (Parts A and B).
Additional highlights from eHealth's survey
Lower premiums and better prescription drug coverage drive changes Among those who had changed plans in the past, the top two reasons cited were lower premiums (35%) and better prescription drug coverage (28%).
Septuagenarians are more likely to switch plans 49% of respondents age 71 to 79 had changed Medicare Advantage plans at least once, compared to 28% of those age 65 to 70.
Growing awareness More than half (56%) of respondents were aware of the 2020 Medicare Advantage open enrollment period, compared to 49% last year.
Few intend to make coverage changes 5% of respondents intend change their Medicare Advantage coverage during open enrollment; 84% are satisfied with their coverage.
eHealth's findings are based on a voluntary survey of consumers who enrolled in Medicare Advantage plans purchased from eHealth. The survey was conducted in January 2020 and a total of 1,086 responses were received.
✔️ Women and Lower-Income Enrollees Are Most Likely to Change Medicare Advantage Plans, eHealth Survey Finds
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