MCMURRAY, Pa.--(BUSINESS WIRE)--In the latest analysis brief, Mark Farrah Associates (MFA), provided insights about the current employer-group Medicare Advantage (MA) market and assessed membership trends by carrier and state. As of October 1, 2020, almost 209,000 more beneficiaries were enrolled in employer-group MA plans than in December of 2019, a 4.7% increase according to the Centers for Medicare and Medicaid Services (CMS) Medicare Advantage enrollment reports aggregated by Mark Farrah Associates in Medicare Business Online™.
- As of October 1, 2020, MFA reported approximately 4.7 million members were enrolled in employer-group Medicare Advantage plans, or Medicare Advantage employer-group waiver plans (MA-EGWPs).
- The top five carriers covered nearly 85% of all group Medicare Advantage enrollees as of October 1, 2020 with UnitedHealth leading with 1.3 million members.
- California maintained the highest number of employer group MA members with nearly 646,000 as of October 1, 2020.
To read the full FREE text of “Employer-Group Medicare Advantage Enrollment Increased 26% Over 4-Year Period", visit the MFA Briefs on Mark Farrah Associates' website.
About Medicare Business Online
This brief is based on an analysis of employer-group enrollment data for Medicare Advantage released by the Centers for Medicare & Medicaid Services (CMS). Mark Farrah Associates’ Medicare Business Online™ simplifies the tracking of monthly Medicare Advantage and PDP enrollment by competitor. Enrollment data is updated monthly as soon as CMS releases new data.
About Mark Farrah Associates (MFA)
Mark Farrah Associates (MFA) is a leading data aggregator and publisher providing health plan market data and analysis tools for the healthcare industry. Our product portfolio includes Health Coverage Portal™, County Health Coverage™, 5500 Employer Health Plus, Medicare Business Online™, Medicare Benefits Analyzer™, and Health Plans USA™. For more information about these products, refer to the informational videos and brochures available under the Our Products section of the website or call 724-338-4100. MFA will continue to monitor enrollment changes and competitive shifts across all healthcare segments.