- Medicare beneficiaries who research and evaluate Medicare options spend, on average, 22 hours on their plan decision – reflecting the importance they place on the decision.
- 64 percent of people eligible for Medicare cite plan quality as the key factor driving them to switch their Medicare coverage, rating overall quality as more important than plan cost and ability to continue receiving care from their primary care provider.
- Nationally, educational resources from the Centers for Medicare and Medicaid Services (CMS), help from friends, and the Internet are the leading resources Medicare beneficiaries turn to aid them in the plan-selection process.
- 10 percent of Medicare beneficiaries would like for someone to do their Medicare planning for them.
According to a national survey of Medicare-eligible Americans conducted this year by Humana Inc. (NYSE: HUM), one of the nation’s leading health and well-being companies, 70 percent of people 65 and older say that selecting the right Medicare coverage impacts their ability to live a healthy life. Consequently, people eligible for Medicare coverage are taking the plan-selection process very seriously. As we’re now in the midst of Medicare’s Annual Election Period (which runs through December 7, 2013), people with Medicare are utilizing different criteria and taking advantage of different resources this year as they navigate their coverage options. The survey found that: