Navigation Links
Changes in Medicare Advantage Reimbursement May Prompt Members to Shop for New Plans
Date:3/31/2009

Deft Research Releases Study showing state of the senior health care market

MINNEAPOLIS, March 31 /PRNewswire/ -- Deft Research recently released the 2009 Senior Market Dynamics Study, which describes switching and shopping behavior in the senior health insurance market.

When premiums go up $15-30, the study found that 45-75% of the Medicare Advantage market will be mobilized to shop for different health insurance. The study found that at a $5 dollar premium increase 20% of MA members would ask their current insurer for alternatives to their current plan, and 17% would look at plans from different insurers. If faced with a change that made them want to switch their plan, 61% of MA members said they would stay in an MA type product, while 18% would choose to have original Medicare only and 21% would choose a MedSupp plan. This willingness to change plans is big news to MA providers, and understanding how hard they can push members before they will look for different insurance will be vital information in this market.

Over 1,500 seniors participated in this study conducted in February and March of 2009. The study asked questions that are responsive to a need to understand consumer behavior under changing premiums and benefits. Recipients of the report will also have the opportunity for a teleconference presentation, and receive follow up research and technical assistance, and monthly Executive Research Briefs.

Last month, the Center for Medicare and Medicaid Services (CMS) announced lower than expected reimbursement for Medicare Advantage plans. "This change will have a dramatic effect how MA plans build and price their products," says Deft Research's Principal Rich Hamer, "Many seniors will see a reduction of benefits, an increase in premium or both. Deft's new Senior Market Dynamics Study looks at the reaction of consumers to these types of changes."

About Deft Research, LLC

Deft Research, LLC is a market research firm specializing in custom and syndicated research designed for those in the healthcare, insurance, and pharmaceutical industries. Deft Research works with management to define pertinent issues and conducts research that guides management and allows them to make better, well supported decisions.

For more information see www.deftresearch.com or contact:

    Barb Strnad
    (612)436-8315
    bstrnad@deftresearch.com


'/>"/>
SOURCE Deft Research, LLC
Copyright©2009 PR Newswire.
All rights reserved

Related medicine news :

1. Mylan Announces Intention to Purchase Remaining Interest in Matrix Laboratories and Delist Matrix from Indian Stock Exchanges
2. Finland Seeks Systemic Changes in Health Care
3. Genetic changes outside nuclear DNA suspected to trigger more than half of all cancers
4. eFoodSafety.com, Inc. Changes Name to Nuvilex, Inc., Reflecting New Strategic Direction of Company
5. BMP Sunstone Exchanges and Calls Outstanding Notes Due May 2009
6. Study finds pay for performance stimulates changes in medical practice
7. Sysmex Corporation Announces Organizational Changes
8. Study finds injectable birth control causes significant weight gain and changes in body mass
9. Nanophase Announces Changes in Principal Officers and Directors
10. Calling Policies Unreasonable, 123 Members of Congress Press for Changes in Medicare Home Oxygen Policies for Emergency Care, Supplies and Other Obligations After 36 Months of Service
11. Lilly Announces Leadership Changes
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:6/23/2017)... ... , ... PureLife Dental is pleased to announce that California Dental Association (CDA) ... of the amalgam separator endorsement, all CDA members may purchase an ECO II amalgam ... value. This partnership between PureLife and CDA is especially timely as it coincides with ...
(Date:6/23/2017)... ... June 23, 2017 , ... American Farmer, will feature Chr. Hansen, Inc ... to air fourth quarter 2017. American Farmer airs Tuesdays at 8:30aET on RFD-TV. Check ... founded Chr. Hansen in Denmark in 1874 after a groundbreaking discovery of how to ...
(Date:6/23/2017)... ... June 23, 2017 , ... The ... related services to families and business owners in and around Lackawanna County, is ... senior citizens in the area. , Meals on Wheels of NEPA provides hand-delivered ...
(Date:6/23/2017)... Gilmer, TX (PRWEB) , ... June 23, 2017 , ... ... consultations to residential and business clients throughout eastern Texas, is announcing the launch of ... , Recent breast cancer statistics in the United States reveal that an estimated ...
(Date:6/23/2017)... The Woodlands, TX (PRWEB) , ... June 23, ... ... provides families and business owners in the Houston area with access to asset ... Foundation for a regional charity event aimed at improving the lives of children ...
Breaking Medicine News(10 mins):
(Date:6/10/2017)... 2017  Shane K. Burchfield, DPM, is recognized by Continental Who,s ... Podiatrist in Alabama . Dr. ... Care. He brings over 20 years of experience, as well as ... to his role. ... pleased to welcome you to his practice," the company,s ...
(Date:6/9/2017)... , June 9, 2017 More than ... further effort to help spread lessons learned from clinical ... International Diabetes Federation (IDF) and Eli Lilly and Company ... the second phase of the Bringing Research in Diabetes ... their commitment to helping people with diabetes effectively manage ...
(Date:6/8/2017)... , June 8, 2017   Responding to Heath ... and the death of singer Chris Cornell in ... Rights International offers a free online psychiatric ... consumers and families about psychotropic drug risks. ... who died from an accidental overdose, has called for tighter ...
Breaking Medicine Technology: