Mark Farrah Associates Assessed Medicare Advantage and Stand-alone PDP Membership Trends | Financial Buzz

Mark Farrah Associates Assessed Medicare Advantage and Stand-alone PDP Membership Trends

Mark Farrah Associates (MFA), www.markfarrah.com, assessed Medicare Advantage (MA) and Prescription Drug Plan (PDP) performance, market share and market penetration by state as of March 1, 2021. Total MA membership exceeded 27 million and Medicare stand-alone PDPs covered over 24 million members. MA plans grew by 9.7% while there was a -3.7% decrease for PDPs, year-over-year.

  • The top ten carriers covered 77.6% of all MA enrollees, with UnitedHealth remaining the market-share leader.
  • Texas experienced the most sizeable year-over-year increase of almost 208,000 MA members.
  • Stand-alone PDPs experienced a decrease of approximately 926,000 enrollees between March 1, 2020 and March 1, 2021.
  • CVS, UnitedHealth, and Centene were the leaders amongst the top five companies that control 87% of the PDP market.

Many companies conduct their post-OEP (Open Enrollment Period) competitive assessments by using tools such as Mark Farrah Associates’ (MFA) Medicare Business Online™ and Health Coverage Portal™ to evaluate any changes in their market standings. To read the FREE full text of “Year-Over-Year Enrollment Trends for the Medicare Advantage and PDP Senior Markets“, visit the Analysis Briefs library on Mark Farrah Associates’ website.

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. MFA’s Medicare Business Online™ (MBO) product simplifies the tracking of monthly Medicare Advantage and PDP enrollment by competitor. The Medicare Benefits Analyzer™ presents benefit copay comparisons across hundreds of benefit attributes by plan as reported in the Plan Finder on Medicare.gov. MFA also offers Med Supp market data enrollment and financial insights for companies interested in Medicare Supplement business. Committed to simplifying analysis of health insurance business, our products also include: Health Coverage Portal™, County Health Coverage™, Health Plans USA™ and 5500 Employer Health Plus. Follow us on LinkedIn!

Contacts

Mark Farrah Associates

Ann Marie Wolfe, amwolfe@markfarrah.com