Fierce Health Payers October 25, 2019
The average number of Medicare Advantage plans per beneficiary will increase in 2020 to the highest level since 2010, according to a new analysis.
The analysis released Thursday from the Kaiser Family Foundation found there will be 3,148 MA plans in 2020, an increase of 414 plans compared to 2019. Medicare Advantage has become a lucrative option for insurers, with 13 new insurers entering the market next year compared to one insurer exiting the market.
The average Medicare beneficiary will have access to 28 MA plans next year, an increase from 24 in 2019.
The number of plans per beneficiary is the highest since 2010 when Medicare customers could choose from 33 plans, according to Kaiser’s analysis.
However, there...
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