Seniors still need additional information about Medicare Advantage and Star Ratings.
Findings of a new poll of more than 1,200 seniors on Medicare demonstrate near-universal satisfaction with Medicare Advantage’s coverage (98%), provider networks (97%), and handling of the current health crisis (98%).
“This poll, fielded more than seven months into the COVID-19 pandemic, shows that when crisis struck, Medicare Advantage was ready,” Allyson Y. Schwartz, president and CEO of the Better Medicare Alliance said. “In a global healthcare emergency that has laid bare deep, persisting challenges in healthcare, we saw beneficiaries’ satisfaction with Medicare Advantage reach new heights.”
Still, nearly one-third of seniors on Medicare felt they did not have enough information about the option of Medicare Advantage and 57% were not familiar with the ‘Star Ratings’ system used by the government to grade Medicare Advantage plans on quality. And the 67% of seniors on Medicare Advantage familiar with the ‘Star Ratings’ system did not refer to it when selecting a plan.
With the increased use of telehealth services during the pandemic, the poll showed the percentage of seniors who use such platforms rose from 24% in May 2020 to 40% in December 2020. A majority of seniors (91%) had a favorable experience.
Most respondents (71%) on Medicare found the process of enrolling in coverage simple, but 29% still found it confusing. Additionally, 79% of seniors on Medicare were aware of differences between traditional Medicare, Medicare Advantage, and Medigap coverage. A majority of respondents (95%) said it was important to have a choice of plans other than traditional Medicare, including 64% who believed it was very important.
“The results of this poll depict a rapidly growing beneficiary population that is highly pleased with their health coverage and ready to take action to ensure it is protected,” Schwartz said.
FDA Clears Phase 2 Trial of Cannabis in PTSD
November 20th 2024After a three-year negotiation, the FDA has dropped its objection to allowing patients to self-titrate dosing of smoked cannabis. But regulators want to see additional information about the device that will be used for inhalation.
Read More
Breaking Down Health Plans, HSAs, AI With Paul Fronstin of EBRI
November 19th 2024Featured in this latest episode of Tuning In to the C-Suite podcast is Paul Fronstin, director of health benefits research at EBRI, who shed light on the evolving landscape of health benefits with editors of Managed Healthcare Executive.
Listen
In this latest episode of Tuning In to the C-Suite podcast, Briana Contreras, an editor with MHE had the pleasure of meeting Loren McCaghy, director of consulting, health and consumer engagement and product insight at Accenture, to discuss the organization's latest report on U.S. consumers switching healthcare providers and insurance payers.
Listen