Well being Insurers Submit Excessive Medigap Enrollee Satisfaction Figures

Well being Insurers Submit Excessive Medigap Enrollee Satisfaction Figures

One non-public dealer says its clients are about as pleased with their Medigap insurance policies as with their Medicare Benefit plans.

Individuals with Medicare supplement insurance prefer it about as a lot as they like their underlying Medicare protection, in accordance with America’s Well being Insurance coverage Plans (AHIP).

The insurance coverage firm commerce group has responded to criticisms from Sen. Elizabeth WarrenD-Mass., and others by posting outcomes of a recent survey of about 500 individuals, ages 65 and older, who’ve Medicare complement insurance coverage, or Medigap protection, together with “Unique Medicare” protection.

About 80% of the members stated they had been extraordinarily or very happy with their Medigap protection, and 79% stated they had been extraordinarily or very happy with the Unique Medicare protection, in accordance with AHIP.

About 7% stated they had been dissatisfied with their Medigap protection, and eight% stated they had been dissatisfied with their Unique Medicare protection.

What It Means

Typical purchasers who’ve Medigap protection most likely prefer it.

Medigap Fundamentals

The 65 million Medicare enrollees can use both Medigap insurance policies or Medicare Benefit plans to pay the various deductibles and co-payments related to Unique Medicare.

The 14 million Medigap customers get standardized, state-regulated insurance policies constructed round a federal framework developed in 1990. The insurance policies pay most Medicare cost-sharing quantities with out altering the care the policyholders get.

The 30 million Medicare Benefit plan enrollees usually get additional advantages, corresponding to dental insurance coverage and imaginative and prescient insurance coverage, in alternate for accepting lively administration of their care and, in lots of instances, protection guidelines that strongly encourage them to make use of docs and hospitals in a plan’s supplier community.

Extra AHIP Information

AHIP survey members had been happier with their advantages than with their share of the well being care paperwork and prices.

About 72% stated they agreed that their Medigap protection allow them to see the docs and specialists they know and belief, and to obtain high-quality care.

Simply 66% stated their Medigap protection made it simpler to cope with medical payments and paperwork, and solely 58% stated their Medigap protection saved them 1000’s of {dollars} in out-of-pocket prices.

Different Survey Information

One non-public medical health insurance dealer, eHealth, surveyed 3,880 of its own Medicare plan customers.

The online dealer discovered that Medigap customers are likely to have more cash than Medicare Benefit plan customers, and that protection satisfaction ranges are related: the share of eHealth customers who stated they had been happy with their protection was 89% for Medicare Benefit protection and 87% for Medigap insurance policies.

One other non-public medical health insurance dealer, Medigap.com, has surveyed 750 Medicare beneficiaries.

Medigap.com says one impediment to decoding Medicare enrollee survey knowledge is that about 3% of enrollees have no idea whether or not they have Medigap protection or Medicare Benefit plan protection.

(Picture: wavebreakmedia/Shutterstock)

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