Retirees Polled on Health Care Costs:
75.1% Think Their Out-of-Pocket Costs Will Go Up in 2010
69.6% Think Out-of-Pocket Costs Will Go Up If a Health Care Reform Bill Goes into Effect
Burlingame, California – January 13, 2010 – A December 2009 survey
of 1,030 Medicare- eligible retirees revealed that 75.1% believe their out-of-pocket
health care/medical costs will go up in 2010. The survey also revealed that 69.6%
believe that if health care reform legislation goes into effect, their out-of-pocket
costs will go up.
The survey was fielded by Extend Health, Inc., which operates the largest private
Medicare Exchange in the country and whose 400+ benefit advisors have helped more
than 250,000 Medicare-eligible retirees find and evaluate private Medicare plans
that meet their personalized needs since the exchange was launched in 2006.
According to Brian Bohlig, Chief Marketing Officer, the survey results highlight
the mixed feelings retirees have about the impact of health care reform legislation
on their personal financial situation. "Rising out-of-pocket medical costs are important
because more than half of Americans 65 and older rely on Social Security as their
primary source of income," said Bohlig. "Every dollar counts."
Extend Health surveys its retiree customers frequently on their views of health
care, Medicare, and finances and publishes the results.
Questions and detailed results are as follows:
In 2010, you think your out-pocket health care/medical expenses will:
| Go up | 75.1% |
| Go down | 3.5% |
| Stay the same | 13.6% |
| Don’t know | 7.8% |
If a health care reform bill goes into effect, you think your out-of-pocket health care/medical expenses will:
| Go up | 69.6% |
| Go down | 4.9% |
| Stay the same | 7.4% |
| Don’t know | 18.1% |
About Extend Health
Extend Health, Inc. operates the largest private Medicare exchange in the country. Launched in 2006, the Extend Health Medicare Exchange and the company’s licensed and certified benefit advisors have helped more than 250,000 Medicare-eligible retirees nationwide identify and evaluate private Medicare plans that best meet their needs and budgets based on their personal medical and pharmaceutical needs. Based in Burlingame, California, Extend Health also has helped Fortune 500 companies, unions, and public sector organizations save up to 30% on health care coverage for Medicare-eligible retirees when compared to employer group plans. For more information, visit Extend Health on the web at http://www.extendhealth.com.
Media Contact:
Rob Wyse
212.920.1470
rob@mediafirstpr.com
Contact us
Individuals & families
Find the right health plan with help from an experienced benefit advisor:
1-866-322-2824(TTY: 1-866-508-5123)
Mon.-Fri. 9 am to 9 pm Eastern
Businesses
Learn more about defined contribution solutions to managing health care costs
1-888-612-8210Mon.-Fri. 9 am to 9 pm Eastern
Media Contacts
For more information, please contact our communications department.
media@extendhealth.com
Rob Wyse
212-920-1470 More contact information ►
