KFF November 8, 2023
Over the last decade, Medicare Advantage, the private plan alternative to traditional Medicare, has taken on a prominent role in the Medicare program. In 2023, nearly 31 million Medicare beneficiaries are enrolled in a Medicare Advantage plan, more than half, or 51%, of the eligible Medicare population. This brief provides an overview of the Medicare Advantage plans that are available for 2024 and key trends over time. (A separate overview of the 2024 Medicare Part D marketplace is also available.)
Medicare Advantage Highlights for 2024
- The average Medicare beneficiary has access to 43 Medicare Advantage plans in 2024, the same as in 2023, but more than double the number of plans offered in 2018.
- HMOs account for more than...
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