MCMURRAY, Pa.–(BUSINESS WIRE)–In the latest analysis brief, Mark Farrah Associates (MFA) provided insights about the current employer-group Medicare Advantage (MA) market and assessed membership trends by carrier and state. As of October 1, 2019, roughly 321,000 more beneficiaries were enrolled in employer-group MA plans than in December of 2018, a 7.7% increase according to the Centers for Medicare and Medicaid Services (CMS) Medicare Advantage enrollment reports aggregated by Mark Farrah Associates in Medicare Business Online™.
- Total Medicare Advantage (MA) membership is currently over 23 million, representing approximately 35% of the 67.1 million Americans eligible for Medicare.
- As of October 1, 2019, MFA reported approximately 4.5 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 84% of all group Medicare Advantage enrollees as of October 1, 2019. UnitedHealth maintained its leading position as the top group Medicare Advantage organization in the country, with nearly 1.4 million enrolled.
- California maintained the highest number of employer group MA members with over 622,000 at October 1, 2019.
To read the full FREE text of “Trends in Employer Group Medicare Advantage Enrollment“, visit the MFA Briefs on Mark Farrah Associates’ website.
About Medicare Benefits AnalyzerTM
Medicare plans across the country access and use Medicare Plan Finder data and Star Quality ratings more efficiently with Mark Farrah Associates’ Medicare Benefits Analyzer™ product. This comparative database allows carriers to compare plan premiums, copays and star rating details, market by market. 2020 Plan Finder and Star Quality Ratings information is online now. Visit our website at www.markfarrah.com or call 724-338-4100 for more information.
About Mark Farrah Associates (MFA)
MFA is a leading data aggregator and publisher providing health plan market data and analysis tools for the healthcare industry. Committed to simplifying analysis of health insurance business, our products include Medicare Business Online™, Medicare Benefits Analyzer™, Health Coverage Portal™, County Health Coverage™, and Health Plans USA™.
Mark Farrah Associates
Ann Marie Wolfe, email@example.com