New Survey: Americans are Confident They Understand Medicare but the Data Suggests Otherwise
eHealth released original research showing that while most Medicare beneficiaries are confident in their understanding of the program, many are unaware of specifics such as Original Medicare's standard 20% cost-sharing and potential late enrollment penalties. The survey found 42% of beneficiaries unaware of the cost-sharing and 88% of adults approaching age 65 unaware of late enrollment penalties.
Why it matters — The research highlights a knowledge gap among Medicare beneficiaries that could drive demand for eHealth's educational and enrollment services as record numbers of Americans make Medicare coverage decisions for 2027.