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Continued Year-Over-Year Medicare Advantage and PDP Membership Increases

Posted by www.psmbrokerage.com Admin on Tue, Apr 02, 2019 @ 02:42 PM

Continued Year-Over-Year Medicare Advantage and PDP Membership Increases

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The Annual Election Period (AEP) for Medicare Advantage (MA) and prescription drug plans (PDPs) runs each year from October 15th through December 7th.  Health companies compete by offering new pricing and product options to beneficiaries during the AEP.  Plans then begin to analyze final enrollment results in February and March to evaluate their standing and assess which competitors gained and lost members during the last AEP. 

Many companies conduct their post-AEP competitive assessments by using tools such as Mark Farrah Associates’ (MFA) Medicare Business Online™ and Health Coverage Portal™.  As of March 1, 2019, total Medicare Advantage, including Medicare Advantage with Prescription Drug Plan (MA-PD) membership stood at 22,654,276 with a net gain of 1,554,366 members, year-over-year.  Medicare stand-alone prescription drug plans (PDPs) covered 25,559,801 members as of March 1, 2019, a gain of 38,835 from the previous year.  This brief assesses Medicare Advantage and PDP performance, market share and market penetration by state as of March 1, 2019.

MA Enrollment Growth by State

MBO MA Map

Click here to read more. 

Source: https://www.markfarrah.com/mfa-briefs/continued-year-over-year-medicare-advantage-and-pdp-membership-increases/

Image: Freepik

Additional Updates:
 

Tags: Medicare Advantage, Medicare Part D

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