eHealth “MedSup” Price Index Shows Medicare Consumers Can Save 20% on Medicare Supplement Plans by Comparing Their Options

Survey of 169 Medicare Supplement Plan F offerings across 47 states and D.C. shows average Medicare Supplement Plan F premium is $162 for Women and $173 for Men at age 65

MOUNTAIN VIEW, Calif.--()--A 65-year-old person enrolling in a Medicare Supplement F plan could save an average of twenty percent (20%) on their monthly premiums by comparing their options at eHealthMedicare.com and enrolling in the lowest cost plan, according to a new report published today by eHealth, Inc. (NASDAQ: EHTH – eHealthMedicare.com), the nation’s first and largest private online health insurance exchange.

“If you want to find a Medicare insurance plan for your needs and budget, you should compare your choices from the broadest selection possible,” said eHealth CEO Scott Flanders. “What our analysis makes clear is that when people have options in a competitive market, they can save money when they comparison shop.”

Of the 10 types of Medicare Supplement plans available nationwide, 40%1 of those enrolled in a Medicare Supplement plan are enrolled in Plan F, which makes it the most popular plan by more than a three-to-one margin. By comparison, only 13% of those enrolled in a Medicare Supplement plan are enrolled in Plan C1.

eHealth compared the monthly premiums for non-smoking men and non-smoking women who enrolled in a Medicare Supplement (MedSup) Plan F plan at age 65, age 67, and age 72 across 47 states and the District of Columbia.

Highlights from eHealth’s analysis of Medicare Supplement plan premiums for plans offered on its websites include:

  • A person could save over 20% on average by reviewing all their Plan F options and choosing the one with the lowest premium: On a state-by-state basis, Medicare Supplement Plan F premiums vary by as much as 50% in states like Arizona to as little as 2% or 3% in states like Rhode Island and South Dakota, respectively.
  • On average, the difference in premium between the highest priced and lowest priced Medicare Supplement Plan F plan available on eHealthMedicare.com was 21.2% at the state level.
  • Women pay 5% less than men: The average quoted Plan F premium for a female non-smoker at age 65 was $162 per month versus $173 per month for men.
  • New Mexico has the lowest average premium: eHealth offers Plan F plans from three different insurers in New Mexico. The combined average price of those three options was $130 per month for a male age 65 and $116 per month for women age 65.
  • New York has the highest average rate: eHealth offers Plan F plans from three different insurers in New York. The combined average price of those three options was $281 per month for a male or female aged 65.
  • Between age 65 and age 67, Medicare Supplement Plan F premiums increase 5.6% on average: For men and women, the average quoted rate for a 67-year-old was more than 5% higher than the average quoted rate for a 65-year-old.
  • Between age 67 and age 72, Medicare Supplement Plan F premiums increase more than 15% on average: For men and women, the average quoted rate for a 72-year-old was more than 15% higher than the average quoted rate for a 67-year-old.

State-specific premium data

The following figures represent the average quoted premiums for Medicare Supplement Plan F plans available on eHealthMedicare.com for male and female non-smokers at ages 65, 67, and 72. Today on eHealth, 25 different insurance companies offer a total of more than 169 Medicare Supplement F plans across 47 states and the District of Columbia. On average, eHealth offers Medicare Supplement F plans from three or more insurance companies in each of the states it serves.

                                   
       

Male Age 65

      Female Age 65       Male Age 67       Female Age 67       Male Age 72       Female Age 72
AK       $137.30       $128.21       $146.08       $136.52       $174.64       $162.90
AL       $149.93       $141.79       $161.44       $152.70       $193.87       $183.06
AR       $172.69       $172.69       $172.69       $172.69       $172.69       $172.69
AZ       $177.07       $164.77       $188.38       $175.43       $218.27       $203.51
CA       $165.57       $165.57       $178.19       $178.19       $219.60       $219.60
CO       $161.97       $149.49       $173.79       $160.31       $210.69       $193.83
CT       $252.10       $252.10       $252.10       $252.10       $252.10       $252.10
DC       $214.88       $206.29       $231.58       $220.86       $262.80       $244.19
DE       $187.09       $163.98       $195.59       $171.37       $233.28       $203.94
FL       $255.75       $223.14       $268.46       $234.02       $304.59       $265.13
GA       $178.87       $168.58       $190.20       $178.57       $215.79       $200.03
HI       $155.70       $155.31       $168.22       $166.21       $204.19       $194.20
IA       $140.96       $126.02       $148.04       $132.18       $176.91       $156.73
ID       $179.57       $179.57       $180.44       $180.44       $205.83       $205.83
IL       $153.45       $145.49       $165.16       $156.70       $200.02       $189.53
IN       $156.28       $146.31       $170.33       $159.42       $206.32       $192.96
KS       $154.98       $146.48       $165.47       $156.49       $197.96       $186.72
KY       $157.21       $143.46       $168.07       $153.33       $202.20       $183.67
LA       $181.17       $165.81       $194.02       $177.48       $233.64       $212.69
MD       $249.76       $236.83       $254.38       $241.02       $298.36       $272.73
ME       $211.36       $211.36       $211.36       $211.36       $211.36       $211.36
MI       $171.64       $164.30       $185.24       $177.28       $225.56       $215.12
MO       $196.18       $181.44       $211.68       $195.79       $238.75       $220.42
MS       $150.99       $136.69       $159.03       $143.68       $190.28       $169.99
MT       $131.32       $131.32       $137.64       $137.64       $163.92       $163.92
NC       $147.56       $139.56       $158.15       $149.64       $190.81       $180.14
ND       $155.60       $137.43       $162.99       $143.86       $194.66       $171.04
NE       $147.61       $134.18       $158.06       $143.69       $190.35       $172.56
NH       $206.09       $179.90       $216.40       $188.81       $245.70       $214.10
NJ       $173.22       $173.20       $188.04       $187.96       $225.26       $224.88
NM       $130.39       $115.90       $136.72       $121.41       $163.27       $144.09
NV       $189.31       $171.16       $201.15       $181.76       $244.25       $220.18
NY       $281.46       $281.46       $281.46       $281.46       $281.46       $281.46
OH       $152.14       $141.81       $165.33       $154.14       $202.86       $188.97
OK       $145.77       $130.74       $153.28       $137.30       $182.97       $162.59
OR       $138.33       $138.28       $150.03       $149.79       $179.86       $178.74
PA       $167.11       $152.29       $176.64       $161.15       $210.89       $192.31
RI       $174.02       $152.46       $181.99       $159.40       $217.13       $189.81
SC       $157.02       $142.09       $166.74       $150.81       $202.56       $182.65
SD       $147.50       $130.90       $154.69       $137.15       $184.86       $162.94
TN       $168.91       $151.25       $171.58       $153.57       $188.07       $167.21
TX       $162.08       $154.67       $175.76       $167.89       $211.24       $201.55
UT       $148.08       $130.37       $155.01       $136.40       $185.05       $162.27
VA       $147.37       $134.78       $160.16       $146.46       $193.79       $176.47
VT       $206.75       $206.75       $206.75       $206.75       $206.75       $206.75
WA       $203.05       $203.05       $203.05       $203.05       $203.05       $203.05
WV       $149.91       $132.79       $157.10       $139.05       $187.58       $165.16
WY       $138.50       $130.63       $147.71       $139.34       $176.69       $165.94
Average       $172.53       $161.93       $181.38       $170.05       $210.06       $195.66
 

Detailed state-specific premium data

The following table shows the highest quoted rate for a Medicare Supplement Plan F plan and lowest quoted rate for a Medicare Supplement Plan F plan in each state on eHealthMedicare.com. The prices listed are for the Medicare Supplement Plan F plans available to male and female non-smokers at age 65 on eHealthMedicare.com*.

           
Age 65 Non-Smoker       Male       Female
State       AK
Lowest Quoted Rate       $127.92       $126.94
Highest Quoted Rate       $165.00       $165.00
Difference       $37.08       $38.06
Percent Difference       22%       23%
State       AL
Lowest Quoted Rate       $129.90       $129.90
Highest Quoted Rate       $178.08       $177.33
Difference       $48.18       $47.43
Percent Difference       27%       27%
State       AR
Lowest Quoted Rate       $167.17       $167.17
Highest Quoted Rate       $199.34       $199.34
Difference       $32.17       $32.17
Percent Difference       16%       16%
State       AZ
Lowest Quoted Rate       $142.67       $142.67
Highest Quoted Rate       $294.69       $283.43
Difference       $152.02       $140.76
Percent Difference       52%       50%
State       CA
Lowest Quoted Rate       $156.79       $156.79
Highest Quoted Rate       $179.08       $179.08
Difference       $22.29       $22.29
Percent Difference       12%       12%
State       CO
Lowest Quoted Rate       $137.50       $137.50
Highest Quoted Rate       $185.92       $175.16
Difference       $48.42       $37.66
Percent Difference       26%       22%
State       CT
Lowest Quoted Rate       $234.50       $234.50
Highest Quoted Rate       $311.75       $311.75
Difference       $77.24       $77.24
Percent Difference       25%       25%
State       DC
Lowest Quoted Rate       $146.53       $146.16
Highest Quoted Rate       $237.67       $226.33
Difference       $91.14       $80.17
Percent Difference       38%       35%
State       DE
Lowest Quoted Rate       $177.01       $163.21
Highest Quoted Rate       $187.70       $176.57
Difference       $10.69       $13.35
Percent Difference       6%       8%
State       FL
Lowest Quoted Rate       $239.77       $223.01
Highest Quoted Rate       $256.46       $225.97
Difference       $16.69       $2.96
Percent Difference       7%       1%
State       GA
Lowest Quoted Rate       $165.88       $158.27
Highest Quoted Rate       $210.28       $202.28
Difference       $44.40       $44.00
Percent Difference       21%       22%
State       IA
Lowest Quoted Rate       $134.97       $139.08
Highest Quoted Rate       $173.59       $173.16
Difference       $38.62       $34.08
Percent Difference       22%       20%
State       ID
Lowest Quoted Rate       $178.44       $178.44
Highest Quoted Rate       $199.00       $199.00
Difference       $20.56       $20.56
Percent Difference       10%       10%
State       LA
Lowest Quoted Rate       $141.46       $133.74
Highest Quoted Rate       $186.08       $185.62
Difference       $44.62       $51.88
Percent Difference       24%       28%
State       IN
Lowest Quoted Rate       $141.87       $126.22
Highest Quoted Rate       $172.55       $167.26
Difference       $30.68       $41.05
Percent Difference       18%       25%
State       KS
Lowest Quoted Rate       $147.67       $138.08
Highest Quoted Rate       $197.24       $196.74
Difference       $49.57       $58.66
Percent Difference       25%       30%
State       KY
Lowest Quoted Rate       $153.55       $133.52
Highest Quoted Rate       $173.77       $173.32
Difference       $20.22       $39.80
Percent Difference       12%       23%
State       LA
Lowest Quoted Rate       $169.63       $147.51
Highest Quoted Rate       $192.12       $191.65
Difference       $22.49       $44.14
Percent Difference       12%       23%
State       MD
Lowest Quoted Rate       $179.46       $173.00
Highest Quoted Rate       $276.00       $268.00
Difference       $96.54       $95.00
Percent Difference       35%       35%
State       ME
Lowest Quoted Rate       $195.30       $195.30
Highest Quoted Rate       $245.39       $245.39
Difference       $50.08       $50.08
Percent Difference       20%       20%
State       MI
Lowest Quoted Rate       $147.52       $147.52
Highest Quoted Rate       $200.60       $200.12
Difference       $53.08       $52.60
Percent Difference       26%       26%
State       MO
Lowest Quoted Rate       $182.00       $174.45
Highest Quoted Rate       $212.35       $204.26
Difference       $30.35       $29.81
Percent Difference       14%       15%
State       MS
Lowest Quoted Rate       $141.85       $123.35
Highest Quoted Rate       $181.14       $180.69
Difference       $39.28       $57.33
Percent Difference       22%       32%
State       MT
Lowest Quoted Rate       $128.42       $128.42
Highest Quoted Rate       $158.98       $158.98
Difference       $30.56       $30.56
Percent Difference       19%       19%
State       NC
Lowest Quoted Rate       $136.29       $131.99
Highest Quoted Rate       $176.77       $176.34
Difference       $40.48       $44.35
Percent Difference       23%       25%
State       ND
Lowest Quoted Rate       $147.96       $136.15
Highest Quoted Rate       $156.57       $147.57
Difference       $8.61       $11.42
Percent Difference       6%       8%
State       NE
Lowest Quoted Rate       $137.53       $119.59
Highest Quoted Rate       $156.56       $156.14
Difference       $19.03       $36.55
Percent Difference       12%       23%
State       NH
Lowest Quoted Rate       $182.68       $166.07
Highest Quoted Rate       $205.87       $179.02
Difference       $23.19       $12.95
Percent Difference       11%       7%
State       NJ
Lowest Quoted Rate       $172.20       $172.20
Highest Quoted Rate       $208.47       $207.95
Difference       $36.27       $35.75
Percent Difference       17%       17%
State       NM
Lowest Quoted Rate       $127.33       $110.72
Highest Quoted Rate       $170.61       $152.97
Difference       $43.28       $42.25
Percent Difference       25%       28%
State       NV
Lowest Quoted Rate       $167.72       $145.85
Highest Quoted Rate       $225.12       $209.08
Difference       $57.40       $63.23
Percent Difference       25%       30%
State       NY
Lowest Quoted Rate       $220.75       $220.75
Highest Quoted Rate       $340.18       $340.18
Difference       $119.44       $119.44
Percent Difference       35%       35%
State       OH
Lowest Quoted Rate       $138.53       $138.53
Highest Quoted Rate       $174.66       $167.64
Difference       $36.13       $29.11
Percent Difference       21%       17%
State       OK
Lowest Quoted Rate       $128.09       $116.66
Highest Quoted Rate       $187.13       $186.67
Difference       $59.03       $70.01
Percent Difference       32%       38%
State       OR
Lowest Quoted Rate       $132.75       $132.75
Highest Quoted Rate       $213.00       $213.00
Difference       $80.25       $80.25
Percent Difference       38%       38%
State       PA
Lowest Quoted Rate       $157.92       $148.45
Highest Quoted Rate       $226.19       $225.62
Difference       $68.27       $77.17
Percent Difference       30%       34%
State       RI
Lowest Quoted Rate       $156.40       $152.24
Highest Quoted Rate       $175.08       $156.01
Difference       $18.68       $3.77
Percent Difference       11%       2%
State       SC
Lowest Quoted Rate       $143.38       $124.68
Highest Quoted Rate       $169.67       $162.67
Difference       $26.29       $37.99
Percent Difference       15%       23%
State       SD
Lowest Quoted Rate       $146.89       $127.73
Highest Quoted Rate       $151.32       $150.92
Difference       $4.43       $23.19
Percent Difference       3%       15%
State       TN
Lowest Quoted Rate       $150.39       $140.55
Highest Quoted Rate       $180.05       $179.61
Difference       $29.66       $39.06
Percent Difference       16%       22%
State       TX
Lowest Quoted Rate       $147.67       $137.71
Highest Quoted Rate       $197.84       $188.72
Difference       $50.17       $51.01
Percent Difference       25%       27%
State       UT
Lowest Quoted Rate       $131.00       $131.00
Highest Quoted Rate       $163.43       $163.01
Difference       $32.43       $32.01
Percent Difference       20%       20%
State       VA
Lowest Quoted Rate       $126.90       $110.35
Highest Quoted Rate       $195.33       $186.00
Difference       $68.43       $75.65
Percent Difference       35%       41%
State       VT
Lowest Quoted Rate       $192.94       $192.94
Highest Quoted Rate       $207.24       $207.24
Difference       $14.30       $14.30
Percent Difference       7%       7%
State       WA
Lowest Quoted Rate       $201.69       $201.69
Highest Quoted Rate       $241.56       $241.56
Difference       $39.87       $39.87
Percent Difference       17%       17%
State       WV
Lowest Quoted Rate       $146.33       $127.24
Highest Quoted Rate       $180.10       $179.64
Difference       $33.77       $52.39
Percent Difference       19%       29%
State       WY
Lowest Quoted Rate       $134.01       $116.53
Highest Quoted Rate       $157.30       $156.92
Difference       $23.29       $40.38
Percent Difference       15%       26%
Average Price Difference       21.2%
*This table does not include Hawaii.
 

Notes:

1 Data from a January 13, 2014 report from the Kaiser Family Foundation, Medigap Reform: Setting the Context for Understanding Recent Proposals (http://kff.org/medicare/issue-brief/medigap-reform-setting-the-context/)

eHealth

eHealth, Inc. (NASDAQ: EHTH) owns eHealth.com, the nation's first and largest private health insurance exchange where individuals, families and small businesses can compare health insurance products from leading insurers side by side and purchase and enroll in coverage online. eHealth offers thousands of individual, family and small business health plans underwritten by many of the nation's leading health insurance companies. eHealth (through its subsidiaries) is licensed to sell health insurance in all 50 states and the District of Columbia. eHealth also offers educational resources and powerful online and pharmacy-based tools to help Medicare beneficiaries navigate Medicare health insurance options, choose the right plan and enroll in select plans online through Medicare.com (www.Medicare.com), eHealthMedicare.com (www.eHealthMedicare.com) and PlanPrescriber.com (www.PlanPrescriber.com).

For more health insurance news and information, visit eHealth's Consumer Resource Center.

Contacts

DMA Communications for eHealth, Inc.
Sande Drew, 916-207-7674
sande.drew@ehealth.com
or
eHealth, Inc.
Nate Purpura, 650-210-3115
nate.purpura@ehealth.com

Release Summary

eHealth's Medicare Supplement report shows that Medicare consumers can save 20% on Medicare Supplement plans by comparing their options.

Contacts

DMA Communications for eHealth, Inc.
Sande Drew, 916-207-7674
sande.drew@ehealth.com
or
eHealth, Inc.
Nate Purpura, 650-210-3115
nate.purpura@ehealth.com