Employer-Group Medicare Advantage Membership Gains by Mark Farrah Associates
MCMURRAY, Pa.--(BUSINESS WIRE)--Nov 6, 2018--In the latest analysis brief, Mark Farrah Associates (MFA), www.markfarrah.com, provided insights about the current employer-group Medicare Advantage (MA) market and assessed membership trends by carrier and state. According to the Centers for Medicare and Medicaid Services (CMS) Medicare Advantage enrollment reports aggregated by Mark Farrah Associates in Medicare Business Online™, this segment continues to show growth. As of October 1, 2018, roughly 443,000 more beneficiaries were enrolled in employer-group MA plans than in December of 2017, a 12% increase.Total Medicare Advantage (MA) membership is currently over 21 million, representing approximately 34% of the 63.3 million Americans eligible for Medicare. As of October 1, 2018, MFA reported approximately 4.1 million members were enrolled in employer-group Medicare Advantage plans, or Medicare Advantage employer-group waiver plans (MA-EGWPs). The top five carriers covered nearly 82% of all group Medicare Advantage enrollees as of October 1, 2018. UnitedHealth maintained its leading position as the top group Medicare Advantage organization in the country, with nearly 1.3 million enrolled. California maintained the highest number of employer-group MA members with 586,815 at October 1, 2018.
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About Mark Farrah Associates (MFA)
Mark Farrah Associates (MFA) is a leading data aggregator and publisher providing health plan market data and analysis tools for the healthcare industry. MFA’s Medicare Business Online™ (MBO) product simplifies the tracking of monthly Medicare Advantage and PDP enrollment by competitor. The Medicare Benefits Analyzer™ presents benefit copay comparisons across hundreds of benefit attributes by plan as reported in the Plan Finder on Medicare.gov. Med Supp Market Data™ offers enrollment and financial insights for companies interested in Medicare Supplement business. Our product portfolio also includes Health Coverage Portal™ (with Supplemental Health Care Exhibit data), County Health Coverage™, and Health Plans USA™.
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CONTACT: Mark Farrah Associates
Ann Marie Wolfe
KEYWORD: UNITED STATES NORTH AMERICA PENNSYLVANIA
INDUSTRY KEYWORD: HEALTH OTHER HEALTH PROFESSIONAL SERVICES BANKING FINANCE INSURANCE OTHER PROFESSIONAL SERVICES GENERAL HEALTH MANAGED CARE
SOURCE: Mark Farrah Associates
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PUB: 11/06/2018 10:11 AM/DISC: 11/06/2018 10:11 AM