Nine Out of Ten Seniors Satisfied with Their Medigap Coverage
|Targeted News Service|
Nine out of ten seniors enrolled in Medigap are satisfied with their coverage, according to a new American Viewpoint survey released by
AHIP also released a report showing that the number of seniors choosing Medigap coverage continues to increase, reaching 9.8 million enrollees in 2011.
"Medigap coverage provides seniors with financial security and peace of mind about their health care coverage," said
Key findings from the American Viewpoint survey include:
* Nine out of ten Medigap policyholders are satisfied with their coverage. Overall satisfaction with Medigap coverage is also comparable to levels found in 2009 (88 percent) and 2005 (90 percent).
* The vast majority of enrollees (79 percent) say their Medigap policy provides an excellent or good value for the money, consistent with similar findings in 2009 (77 percent) and 2005 (80 percent).
* More than nine out of ten (91 percent) would recommend Medigap coverage to a friend or relative when they turn 65 and enroll in
* When asked what they like most about their Medigap coverage, enrollees highlighted a variety of benefits, including limits on out-of-pocket costs, ease of dealing with medical bills and paperwork, and the ability to budget for unexpected medical costs.
* Beneficiaries also said they valued the fact that Medigap allows them to see the doctor of their choice and that it covers hospital expenses and physician costs not covered by
Out-of-pocket costs and the loss of financial security and peace-of-mind top the list of concerns Medigap enrollees would have if Medigap insurance was no longer available to them.
For more information about this survey, view the following:
Presentation Slides (http://www.ahip.org/MedigapEnrolleesPresentation.aspx)
Medigap Continues to be a Popular Coverage Option for Medicare Beneficiaries
AHIP also released a report, Trends in Medigap Coverage and Enrollment, 2011 (http://www.ahip.org/Medigap-2012.aspx), which found that enrollment in Medigap coverage increased by 100,000 individuals, from 9.7 million in
Key findings from the report include:
* Most Medicare beneficiaries obtain coverage that provides benefits beyond traditional
* In 2011, most
* Many Medicare beneficiaries are choosing to enroll in plans that contain at least some cost-sharing. High-deductible Plan F, and newer standardized Medigap plans K, L, M, and N--which have copayments, coinsurance or deductibles--made up 23 percent of new Medigap purchases in 2011. Plan N, which includes cost sharing of up to
The study examined data from the
The full report is available here: Trends in Medigap Coverage and Enrollment, 2011 (http://www.ahip.org/Medigap-2012.aspx).
TNS C-paypan56 120616-mv45-3913802
|Copyright:||(c) 2012 Targeted News Service|