AUSTIN,
Texas, July 19, 2024 /PRNewswire/
-- Today eHealth, Inc. (Nasdaq: EHTH) (eHealth.com), a
leading online private health insurance marketplace, applauded the
decision by the Centers for Medicare and Medicaid Services (CMS) to
temporarily retain CY2024 agent compensation rates for CY2025.
CMS's decision comes in response to preliminary injunctions issued
by the US District Court for the Northern District of Texas in the case of Americans for
Beneficiary Choice v. HHS.
"While we were not of the opinion that the original 2025
compensation guidelines applied to eHealth, we're gratified by
CMS's decision to keep the 2024 guidelines in place, which we
strongly believe will serve the best interests of Medicare
beneficiaries this Annual Enrollment Period (AEP)," said eHealth
CEO Fran Soistman. "Maintaining a
clear and unbiased environment is crucial for empowering
beneficiaries to make informed choices about their Medicare
Advantage coverage. This includes access to a diverse range of
plans and the necessary guidance that licensed agents and brokers
offer to help beneficiaries navigate their options."
In a recent survey of more than 2,100 Medicare Advantage
enrollees, eHealth found:
- 85% of those who worked with a licensed agent felt they could
not have found the right plan for their needs without the help they
received.
- 70% of those who worked with an agent were "very satisfied"
with their coverage, compared to 60% of those who did not work with
an agent.
- 66% of those who worked with an agent were "very confident"
they had selected the right plan for their needs, compared to 55%
of those who did not work with an agent.
Mr. Soistman continued: "CMS's decision to retain 2024
compensation guidelines helps ensure that all Medicare
beneficiaries can have the benefit of working with a licensed agent
as they approach what is widely expected to be a disruptive AEP.
With the knowledge that many beneficiaries are likely to face
challenging coverage decisions this fall, our preparations for AEP
at eHealth are already in full swing."
About eHealth (NASDAQ: EHTH)
We're Matchmakers. For
over 25 years, eHealth has helped millions of Americans find the
healthcare coverage that fits their needs at a price they can
afford. As a leading independent licensed insurance agency and
advisor, eHealth offers access to over 180 health insurers,
including national and regional companies.
For more information about eHealth, visit ehealth.com or follow
us on LinkedIn, Facebook, Instagram, and X. Open positions can
be found on our career page.
Media inquiries: pr@ehealth.com
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SOURCE eHealth, Inc.