CSG Actuarial has compiled key membership information on Medicare Advantage and Medicare Supplement from eHealth Inc.’s 2nd Quarter 2021 financial results.
eHealth Medicare Segment 2nd Quarter 2021 Membership Highlights:
- Medicare Advantage new approved members increased by 29.9% over the same quarter last year
- Medicare Supplement new approved members decreased by 30.3% over the same quarter last year
eHealth: Approved members consist of the number of individuals on submitted applications that were approved by the relevant insurance carrier for the identified product during the period presented. Approved members may not pay for their plan and become paying members.
- Estimated Medicare Advantage membership increased 38.2% over the past 12 months
- Estimated Medicare Supplement membership increased 4.7% over the past 12 months
eHealth: To estimate the number of members on Medicare-related health insurance plans, we take the sum of (i) the number of members for whom we have received or applied a commission payment for a month that may be up to three months prior to the date of estimation (after reducing that number using historical experience for assumed member cancellations over the period being estimated); and (ii) the number of approved members over that period (after reducing that number using historical experience for an assumed number of members who do not accept their approved policy and for estimated member cancellations through the date of the estimate). To the extent we determine we have received substantially all of the commission payments related to a given month during the period being estimated, we will take the number of members for whom we have received or applied a commission payment during the month of estimation.