eHealth’s drug coverage comparison tool can save shoppers hundreds
Using eHealth’s drug coverage comparison tool when shopping for a new health insurance plan can save you hundreds of dollars per year, according to a new report.
eHealth recently published data showing that people who used the company’s drug coverage comparison tool during the 2017 Obamacare open enrollment period found a median potential savings or more than $1,600 on their prescriptions.
The tool lets people shopping for coverage filter and compare plan options based on their personal prescription drug regimens to discover which plans may cover their drugs at the lowest cost. Some highlights:
- $1,616 was the median amount of potential savings
- 67% discovered $500 or more in potential savings
- 27% discovered more than $4,000 in potential savings
- Men found greater potential savings ($1,891) than women ($1,382)
- Adults age 30-39 found greater potential savings ($2,069) than other age groups
- The average person entered 2.6 prescription drugs into the tool when comparing coverage
eHealth’s CEO Scott Flanders said:
“Many of today’s health insurance shoppers couldn’t care less about the nuances of the debate over health reform in Washington D.C. What they really want to know is whether their prescription drugs will be covered at a price they can afford. With our prescription drug coverage comparison tool, and all the other tools we offer shoppers at eHealth.com, we’re helping today’s health insurance shoppers find the best available plan for their personal needs and budget.”
eHealth’s report also shed some light on the prescription drugs most commonly entered by shoppers. The top five most commonly entered drugs were:
- Lisinopril, a drug commonly used to treat high blood pressure and heart failure
- Metformin, a drug commonly used to treat type 2 diabetes
- Levothyroxine, a drug commonly used to treat hypothyroidism
- Atorvastatin, a drug commonly used to treat high cholesterol
- Adderall, a drug commonly used to treat ADHD and other conditions
eHealth’s report is based on an analysis of more than 75,000 user sessions in which anonymous shoppers used the drug coverage comparison function at eHealth.com between November 1, 2016 and January 31, 2017 and found potential savings.
For more information about the report, including methodology notes, please refer to eHealth’s May 3, 2017 press release on the subject.