Mark Farrah Associates June 9, 2021
Mark Farrah Associates

MCMURRAY, Pa.–In the latest Healthcare Business Strategy report, Mark Farrah Associates (MFA), www.markfarrah.com, reported Medicare Supplement plans, also known as Medigap or Med Supp, covered 14 million seniors in 2020. MFA identified 188 distinct carriers that filed annual data with the NAIC as of December 31, 2020.

“Year-Over-Year Medicare Supplement Market Snapshot and Plan Performance Insights”

Tweet this

  • Medicare Supplement plans collectively earned approximately $33.7 billion in premiums and paid out $24.4 billion in claims in 2020.
  • The aggregate loss ratio (incurred claims as a percent of earned premiums) was 72.3%.
  • MFA’s assessment of standardized plan type preferences for 2020 found Plan F, the most comprehensive design, enrolled over 6.2 million members. Enrollment gains were also significant in standardized...

Today's Sponsors

Transcarent
SalesSparx
Canton & Company

Today's Sponsors

Oscar
Curation Health

Today's Sponsor

TripleTree

 
Topics: CMS, Govt Agencies, Insurance, Medicare, Patient / Consumer, Survey / Study, Trends
The State of Medicare Supplement Coverage: Trends in Enrollment and Demographics
Mark Farrah Associates Assessed Medicare Advantage and Stand-alone PDP Membership Trends
Removing Medicare’s Outpatient Ban and Medicare and Private Surgical Trends
Who Is Medicare Advantage? A Deeper Look At Medicare Advantage Beneficiary Demographics And Trends
4 Positive Trends That Continue to Define Medicare Advantage Plans