Medicare Open Enrollment “Half-Time” Snapshot: 84% of Those Selecting Medicare Advantage Choose Plans with $0 Premiums
By comparing eHealth's data with data previously published by the
According to CMS, 24.4 million Medicare beneficiaries are expected to enroll in Medicare Advantage plans for 2020, up from 22.2 million in 2019. The average monthly premium for 2020 Medicare Advantage plans available nationwide is
eHealth's analysis of shopping trends among its Medicare customers
Medicare Advantage costs are down and consumers are increasingly drawn to
$5.47 is the average monthly premium for Medicare Advantage plans selected by people enrolling in coverage with eHealth, down 43% from$9.53 in the same period last year.- 83% of all eHealth Medicare Advantage customers selected
$0 premium plans, compared to 76% from the same period last year.
Part D premiums are down year over year
$19.76 is the average monthly premium for stand-alone Part D prescription drug plans selected by eHealth customers in the first half of open enrollment, a decrease of 15% from the same period last year ($23.34 ).
Medicare Supplement premiums show a modest increase
$157.48 is the average monthly premium for Medicare Supplement plans selected by eHealth customers in the first half of open enrollment, an increase of 8% from the same period last year ($145.62 ).
Analyses of costs and trends in select states are available from eHealth upon request.
eHealth will continue to monitor consumer behavior and plan selection patterns through the remainder of the open enrollment period and publish additional insights as they become available.
Similar to other insurance brokers, eHealth is compensated on a fixed per-member basis for Medicare Advantage and Part D plans as regulated by CMS, and on a percentage of premium basis for most Medicare Supplement plans.
About eHealth
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Sande Drew
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(917) 751-0232
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