The state of Medicare Advantage in 2024

Becker's Healthcare September 17, 2024
Jakob Emerson

Medicare Advantage continues to grow fast, diversifying its membership of 33.8 million people, or about 55% of the total Medicare population, according to the Better Medicare Alliance’s 2024 “State of Medicare Advantage Report.”

The annual report released Sept. 17 is a compilation of the latest MA research and data that provides insight into the program’s demographics, enrollment trends, benefits and health outcomes.

12 key takeaways:

1. Medicare Advantage total enrollment is 33.8 million in 2024, representing about 55% of the Medicare population. In 2023, total MA enrollees was about 31 million.
2. There are 3,959 MA plans being offered in 2024. The average beneficiary has access to 43 plans this year, and 99.7% have access to at least one.
3. The...

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