| Copyright: | Business Wire |
| Source: | Business Wire |
| Wordcount: | unknown |
Exchanges Make It Easier For Retirees To Compare And Select Plans That Meet Their Needs and Budget
BURLINGAME, Calif.–(BUSINESS WIRE)– The reviews are in, and retirees give the thumbs up to health insurance exchanges. In an independent survey of 443 retirees who use a health insurance exchange to compare and choose private individual Medicare and supplement plans, 85% of their reviews were positive. Top-rated responses were:
- Health insurance exchanges are a welcome addition to the U.S. health insurance system; and
- Everyone should have access to a health insurance exchange.
When asked the most appealing aspect of health insurance exchanges, the number one cited answer was “Exchanges make it easier to compare and select plans that meet my needs and budget.”
The survey was fielded in June and July 2010 by Extend Health, Inc., which operates the largest private Medicare exchange in the country at www.ExtendHealth.com.
“Our retiree customers are at the leading edge of what is next in healthcare – individuals with access to health insurance through an exchange,” said Bryce Williams, CEO of Extend Health. “These survey results suggest that the exchanges authorized by health care reform legislation passed earlier this year will be greeted with enthusiasm when they go into operation for individuals and small businesses in 2014.”
The questions and detailed results from the survey are as follows:
|
Based on what you know about health insurance exchanges, which of the following statements is true? |
||||||
|
% of |
Total |
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|
Total |
Responses |
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|
Health insurance exchanges are a welcome addition to the U.S. health insurance system |
28% | 155 | ||||
|
Everyone should have access to a health insurance exchange |
24% | 132 | ||||
|
I prefer to purchase my private Medicare plans through an exchange |
21% | 115 | ||||
|
I wish my employer had allowed me to select and enroll in health insurance plans through an exchange when I was an active employee |
12% | 66 | ||||
|
Health insurance exchanges are unnecessary, adding little or nothing of value to our health insurance system |
10% | 56 | ||||
| None of the above | 5% | 27 | ||||
| Total %/responses | 100% | 551 | ||||
|
What is the most appealing aspect of purchasing health insurance through an exchange? |
||
|
Easier to compare and select a plan that meets my needs and budget |
47% | |
| Easier to enroll in the plan I choose | 14% | |
| More choice | 6% | |
| Lower cost | 3% | |
| None of the above | 13% | |
| I don’t know | 17% | |
About Extend Health:
Extend Health, Inc. was founded in 2004 to serve Medicare-eligible retirees and their corporate sponsors. The company operates the country’s largest private Medicare exchange and has helped more than 250,000 retirees compare and choose the private Medicare plan that best meets their needs and budgets. With Extend Health employer solutions, Fortune 500 companies, unions, and municipalities can save up to 35% on retiree health care compared to legacy employer group plans. For more information, visit Extend Health on the web at http://www.extendhealth.com.
Media First Public Relations
Rob Wyse, 212-920-1470
rob@WT221.com
or
Aaron Berger, 917-355-8959
aaron@wt221.com
Source: Extend Health, Inc.
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