Medicare Supplement
products (also known as Medigap) continue to remain a viable and stable
alternative to Medicare Advantage options for seniors looking to offset the
out-of-pocket costs of traditional Medicare coverage. In 2021, Medicare
Supplement carriers experienced consistent total membership, with more and
more seniors aging into and choosing retirement. Based on performance data
filed in annual financial statements enrollment in Medicare Supplement plans
was 13.928 million. When factoring in a small number of plans with just
23,721 members that had not yet filed when this analysis was conducted,
year-over-year enrollment growth remained relatively flat. This brief
provides an overview of the Medicare Supplement market with insights about
competitive positioning and standardized plan type preferences. |
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To be a Medicare Agent's source of information on topics affecting the agent and their business, and most importantly, their clientele, is the intention of this site. Sourced from various means rooted in the health insurance industry - insurance carriers, governmental agencies, and industry news agencies, this is aimed as a resource of varying viewpoints to spark critical thought and discussion. We welcome your contributions.
Thursday, May 26, 2022
Medicare Supplement Enrollment Trends and Plan Performance Insights
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