Mark Farrah Associates December 18, 2017
As roughly 76 million Americans of the Baby Boom generation have begun to enter retirement age, Medicare Advantage (MA) continues to be a popular option for seniors. This has presented an opportunity for health insurers over the past decade and the MA market continues to grow even amidst a volatile healthcare environment. Medicare Advantage plans are appealing to the senior population because they generally offer enhanced benefits and better services, often at lower costs, over original Medicare.
At December 1, 2017, total Medicare Advantage membership stood at 20.1 million, representing approximately 35% of the 60 million Americans eligible for Medicare. MA plans can either be acquired individually through direct purchase policies or through an employer/group retiree program. Since the inception...
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