eHealth's Medicare Index Report for 2022 Coverage Tracks Five Years of Costs and Trends in the Medicare Market
eHealth, Inc. (EHTH) released its Medicare Index Report for 2022, indicating modest increases in Medicare Advantage and Part D plan premiums and deductibles for the year. Average premiums for Medicare Advantage rose to $6 from $5 and for Part D plans increased to $22 from $20. Deductibles also saw a rise, with Medicare Advantage up 4% to $121 and Part D up 7% to $427. Conversely, the average out-of-pocket limit for Medicare Advantage plans decreased by 5% to $5,108. Despite these changes, eHealth noted that the report does not directly influence its financial performance.
- Medicare Advantage premiums increased only slightly, remaining low at $6/month.
- The average out-of-pocket limit for Medicare Advantage plans decreased by 5% to $5,108.
- Medicare Advantage deductibles rose by 4%, increasing to $121.
- Part D plan deductibles increased by 7%, reaching $427.
Premiums and deductibles increased modestly over last year for both Medicare Advantage and stand-alone Medicare Part D plans
SANTA CLARA, Calif., April 7, 2022 /PRNewswire/ -- Today eHealth, Inc. (NASDAQ: EHTH) (eHealth.com), a leading online private health insurance marketplace, released its Medicare Index Report for 2022 Coverage.
While other reports examine plans available to consumers in the Medicare market, eHealth's report tracks costs and trends based on the plans that Medicare beneficiaries actually select for themselves. This year's report is based on Medicare Advantage and Medicare Part D prescription drug plans selected by eHealth customers during Medicare's Annual Enrollment Period for 2022, which occurred between October 15 and December 7, 2021.
Highlights:
- Medicare Advantage and Part D plan enrollees are paying more in 2022, but premiums remain relatively low -
$6 per month is the average Medicare Advantage premium for plans selected by eHealth shoppers, up from$5 last year (a majority choose$0 -premium plans);$22 per month is the average Part D plan premium, up from$20 last year. - Annual deductibles are higher for 2022 – Medicare Advantage enrollees are paying deductibles
4% higher than last year ($121 vs.$116 ), while Part D plan enrollees have deductibles7% higher than last year ($427 vs.$400 ). - Medicare Advantage out-of-pocket limits are lower this year – The average annual out-of-pocket limit for people selecting Medicare Advantage plans decreased
5% for 2022, from$5,367 to$5,108 .
Read the full report.
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 Centers for Medicare and Medicaid Services, and on a percentage of premium basis for most Medicare Supplement plans.
About eHealth
eHealth, Inc. (NASDAQ: EHTH) operates a leading health insurance marketplace at eHealth.com and eHealthMedicare.com with technology that provides consumers with health insurance enrollment solutions. Since 1997, we have connected more than 8 million members with quality, affordable health insurance, Medicare options, and ancillary plans. Our proprietary marketplace offers Medicare Advantage, Medicare Supplement, Medicare Part D prescription drug, individual, family, small business and other plans from over 200 health insurance carriers across fifty states and the District of Columbia.
Media inquiries, please contact: pr@ehealth.com
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SOURCE eHealth, Inc.
FAQ
What were the average Medicare Advantage and Part D premiums in 2022 for EHTH?
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