Industry Updates: Medicare Supplement Market Premium Grows 4.9% to $32.4 Billion

by Taylor McDonald | May 3, 2019 

Medicare Supplement Market Premium Grows 4.9% to $32.4 Billion

CSG Actuarial has compiled information from the NAIC and other sources and is reporting that total earned premiums in the Medicare Supplement market in 2018 totaled $32.4 billion, a 4.9% increase over 2017.
A few other notes of interest:

The total Medicare Supplement lives covered in 2018 increased to 14.05 million, up 3.9% from 2017.

The top 12 carriers in terms of 2018 Medicare Supplement premiums were:
1 United Healthcare
2 Mutual of Omaha
3 Anthem
4 HCSC
5 CVS Health
6 Cigna 
7 CNO Financial
8 BCBS of Massachusetts
9 Humana
10 Wellmark
11 BCBS of Michigan 
12 BCBS of Florida

The 2018 overall Medicare Supplement market loss ratio of 79.0% reflects a continued trend in the market of the overall loss ratios creeping back up towards “Pre-Modernized” levels of around 80%. 

Look for more information this summer when CSG Actuarial releases its 9th Annual Future of Medicare Supplement Market Projection.

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