Latest news with #MarkFarrahAssociates
Yahoo
6 days ago
- Business
- Yahoo
Mark Farrah Associates Analyzed the 2024 Medicare Supplement Market
CANONSBURG, Pa., May 28, 2025--(BUSINESS WIRE)--In the latest Healthcare Business Strategy report, Mark Farrah Associates (MFA), provided an overview of the 2024 Medicare Supplement market with insights about competitive positioning and standardized plan type preferences. Medicare Supplement plans, also known as Medigap or Med Supp plans, covered over 13.54 million seniors as of December 31, 2024, representing a year-over-year enrollment decline of 0.3%. Many leading managed care organizations, Blues plans, regional plans, and multiline carriers compete in the Medicare Supplement space. 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 Mark Farrah Associates' website. You can also follow us on LinkedIn. About Med Supp Market Data Med Supp Market Data, a Health Coverage Portal option offered by Mark Farrah Associates, presents the latest market share and financial performance data for Medicare Supplement plans. The product includes state-by-state membership, premiums, claims and loss ratios for plans nationwide. Online tables also include claims contacts as reported in the financial statements as filed with the National Association of Insurance Commissioners (NAIC). California managed care plans do not file financial statements with the NAIC and are not included in this analysis. For more information about Med Supp Market Data, please visit our website ( or call 724.338.4100. 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. View source version on Contacts Mark Farrah AssociatesAnn Marie Wolfe, amwolfe@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
6 days ago
- Business
- Business Wire
Mark Farrah Associates Analyzed the 2024 Medicare Supplement Market
CANONSBURG, Pa.--(BUSINESS WIRE)--In the latest Healthcare Business Strategy report, Mark Farrah Associates (MFA), provided an overview of the 2024 Medicare Supplement market with insights about competitive positioning and standardized plan type preferences. Medicare Supplement plans, also known as Medigap or Med Supp plans, covered over 13.54 million seniors as of December 31, 2024, representing a year-over-year enrollment decline of 0.3%. Many leading managed care organizations, Blues plans, regional plans, and multiline carriers compete in the Medicare Supplement space. 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 Mark Farrah Associates' website. You can also follow us on LinkedIn. About Med Supp Market Data Med Supp Market Data, a Health Coverage Portal option offered by Mark Farrah Associates, presents the latest market share and financial performance data for Medicare Supplement plans. The product includes state-by-state membership, premiums, claims and loss ratios for plans nationwide. Online tables also include claims contacts as reported in the financial statements as filed with the National Association of Insurance Commissioners (NAIC). California managed care plans do not file financial statements with the NAIC and are not included in this analysis. For more information about Med Supp Market Data, please visit our website ( or call 724.338.4100. 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.
Yahoo
01-05-2025
- Business
- Yahoo
Year-End Health Insurance Segment Membership Trends Assessed by Mark Farrah Associates
MCMURRAY, Pa., May 01, 2025--(BUSINESS WIRE)--Mark Farrah Associates (MFA), 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. View source version on Contacts Mark Farrah AssociatesAnn Marie Wolfe, amwolfe@ Sign in to access your portfolio
Business Wire
01-05-2025
- Business
- Business Wire
Year-End Health Insurance Segment Membership Trends Assessed by Mark Farrah Associates
MCMURRAY, Pa.--(BUSINESS WIRE)--Mark Farrah Associates (MFA), 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. 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.
Business Wire
21-04-2025
- Business
- Business Wire
Mark Farrah Associates Assessed Year-Over-Year Medicare Advantage and PDP Market Penetration and Performance
MCMURRAY, Pa.--(BUSINESS WIRE)--Mark Farrah Associates (MFA), assessed Medicare Advantage (MA), including Medicare Advantage with Prescription Drug Plan (MA-PD) and Prescription Drug Plan (PDP) performance, market share and market penetration by state as of March 1, 2025. Total MA membership stood at 34,601,557 and Medicare stand-alone PDPs covered 23,194,849 members. Key highlights include: The top ten carriers cover 78.8% of all MA enrollees, with UnitedHealth remaining the market share leader with over 9.9 million enrolled. California experienced the most sizeable year-over-year increase, gaining over 123,000 members. Stand-alone PDPs experienced a notable increase of approximately 398,000 members between March 2024 and March 2025. Centene, CVS, UnitedHealth, Cigna, and Humana were the top five companies that currently dominate 89.5% 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 ' Growth Rate for Medicare Advantage Plans Slowed in 2025", visit the Analysis Briefs library on Mark Farrah Associates' website. 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 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!
