Facing Increased Costs, 64% of Medicare Beneficiaries Express Higher Confidence in the Future of Medicare Under a Trump Administration

Core Insights - The average premium for Medicare Part D drug plans has increased by 17% compared to the previous year during the first half of Medicare's Annual Enrollment Period [1] - A significant majority of Medicare beneficiaries express confidence in the future sustainability of Medicare following the presidential election, with 64% feeling more assured [2] - Beneficiaries' top priorities for the incoming administration include lowering drug costs, reducing out-of-pocket expenses, and strengthening Medicare Advantage [2] Enrollment Trends - 79% of Medicare Advantage and Medicare Part D plan enrollees report changes in costs or benefits under their current plans [3] - 88% of beneficiaries have started reviewing their coverage options, with 63% indicating they will enroll in a new Medicare plan for 2025 [3] - 87% of beneficiaries feel more confident in selecting a Medicare plan when assisted by a licensed health insurance agent [3] Research Methodology - The report is based on an analysis of tens of thousands of Medicare plans selected through eHealth from October 15 to November 8, 2024 [4] - Survey findings are derived from a poll of Medicare beneficiaries conducted by a third-party vendor [4]