Mark Farrah Associates Analyzed the 2024 Medicare Supplement Market
In the latest Healthcare Business Strategy report,
Highlights Include:
- MFA’s assessment of standardized plan type preferences for 2024 found Plan G remained the most popular plan type, enrolling approximately 5.7 million members.
-
Approximately 4.5 million
Med Supp members were enrolled in Plan F and accounted for 30% of the market in 2024. -
Medicare Supplement plans collectively earned approximately
$37 billion in premiums and paid out$31.3 billion in claims during 2024. -
The aggregate loss ratio (incurred claims as a percentage of earned premiums) was 84.4% as of
December 2024 .
-
UnitedHealth continued to lead in this segment with 4.3 million members and covered 32% of the market as of
December 31, 2024 .
To read the FREE full text of "Medicare Supplement Enrollment Down Slightly in 2024", visit the MFA Briefs on
About Med Supp Market Data
Med Supp Market Data, a Health Coverage Portal option offered by
About
MFA is a leading data aggregator and publisher providing health plan market data and analysis tools for the healthcare industry. Committed to simplifying analysis of health insurance business, our products include: Health Coverage Portal™, Medicare Business Online™, Medicare Benefits Analyzer™, County Health Coverage™, Health Plans USA™ and 5500 Employer Health Plus.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250528034872/en/
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