EHealth's Medicare Snapshot Report Highlights Plan Costs and Selection Trends from the First Half of Medicare's Annual Enrollment Period

SANTA CLARA - American seniors and other Medicare beneficiaries are midway through Medicare's Annual Enrollment Period (AEP), but which plans are they selecting for 2024, and how does that compare with prior years To answer these questions, eHealth, Inc. (Nasdaq: EHTH) (eHealth.com), a leading online private health insurance marketplace, released its latest original research examining costs and plan selection trends.

eHealth's Medicare Snapshot: AEP Costs & Trends report is unique. While other organizations produce landscape analyses of the Medicare market as a whole, eHealth's report focuses on what Medicare beneficiaries are actually selecting for themselves during the first half of AEP (October 15 through November 8, 2023). This year's report covers six years of insightful trendline data.

Highlights from the report

Demand for zero-premium Medicare Advantage plans is stable: 66% of all Medicare Advantage plans come with no monthly premium, but they're popular with enrollees. eHealth found that 83% of beneficiaries choosing Medicare Advantage plans selected zero-premium plans.

The average premium for Medicare Advantage plans is higher for the second year in a row: $9 is the average monthly premium among Medicare Advantage plans selected by beneficiaries shopping for 2024 coverage at eHealth, compared to $7 in the same period last AEP and $4 the year before.

Average premiums for Medicare Part D prescription drug plans remains high: $29 is the average monthly premium for Part D plans selected by Medicare beneficiaries at eHealth, down slightly from $31 in the same period last AEP, but still significantly higher than eHealth tracked for the 2019 through 2022 coverage years.

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