Year-End Health Insurance Segment Membership Trends Assessed by Mark Farrah Associates

MCMURRAY, Pa.--(BUSINESS WIRE)--
Mark Farrah Associates (MFA), www.markfarrah.com, released a year-end 2024 health insurance segment enrollment update. MFA compared membership between 4th quarter 2024 with 4th quarter 2023 to provide greater insights into enrollment trends for the Individual, Group, ASO, Medicare Advantage, and Medicaid insurance segments. As of December 31, 2024, approximately 319 million people received medical coverage from U.S. health insurers. This number is up over 271,000 members from a year ago.

• Between 4Q23 and 4Q24, membership for the Individual market gained approximately 4 million more members.
• The Medicare Advantage market also experienced a membership increase with 1.8 million new members, representing a 5.6% growth, from 4Q23.
• The Employer-group risk and Employer-group ASO (administrative services only for self-funded plans) segments provide the largest sources of coverage in the industry, however, while Employer-group ASO saw a 1.5 million increase of enrollees, the Employer-group risk market experienced a -2.9% year-over-year membership decline.

To read the full text of "2024 Health Insurance Enrollment Trends; a Segment Comparison", visit the Analysis Briefs library on Mark Farrah Associates' website.

About Mark Farrah Associates (MFA)

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. Follow us on LinkedIn!

Also, for the latest insights about health plan enrollment trends and financial performance, visit the FREE MFA Briefs on the MFA website.

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Mark Farrah Associates
Ann Marie Wolfe, amwolfe@markfarrah.com

Source: Mark Farrah Associates