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Business Wire
20 hours ago
- Business
- Business Wire
Continued Enrollment Increases for the Individual Health Insurance Market by Mark Farrah Associates
MCMURRAY, Pa.--(BUSINESS WIRE)--In its latest Business Strategy brief, Mark Farrah Associates (MFA) assessed short- and long-term individual health insurance enrollment trends. According to financial statements filed by insurers, and with estimates by MFA, enrollment in individual medical plans, both on and off the exchange, totaled approximately 26.8 million as of March 31, 2025. This is an increase of 2.3 million members from a year ago. The individual segment has been profitable, overall, for health plans since 2017. However, since 2021, premium growth has, once again, been outpaced by medical expense growth, leading to increasing medical loss ratios (MLRs). MLRs for 1Q25 experienced an average aggregated traditional MLR of 80.4%, up from 78.9%, at premiums per member per month (PMPM) of $566 and claims PMPM of $455. To read the full text of " Individual Health Insurance Marketplace Enrollment Reaches Record Levels ' visit the MFA Briefs library on Mark Farrah Associates' website. Mark Farrah Associates (MFA) will continue to monitor the changes as they develop and, with MFA's Health Coverage Portal subscription, so can you! 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!
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.
