With additional benefits and typically lower costs, Medicare Advantage (MA) Plans can be a great value compared to Original Medicare. Despite employing managed care protocols to control costs, more and more Medicare-eligible seniors are gravitating toward the better value MA plans offer. In just over seven and one-half years, from October 2016 through May 2024, the penetration of MA plans across the U.S. has grown from under 31% of Medicare-eligible Americans to 50%.
The growing popularity of MA plans nationally is mirrored in the twelve-state Southeast region of the U.S., where Medicare Advantage plan enrollment has grown from a 30.7% share of the Medicare-eligible market in October 2016 to 52.5% as of May 2024. Here is a state-by-state look at how Medicare Advantage market share in the Southeast has grown from October 2016 to May 2024:
 |
Medicare Advantage Market Share in the Southeast |
| Medicare Eligible (1) | MA Enrollment (1) | % MA Market Share | ||||||
|---|---|---|---|---|---|---|---|---|
| State | May-24 | Oct-16 | May-24 | Oct-16 | May-24 | Oct-16 | ||
| AL | 1,109.5 | 991.4 | 659.7 | 262.2 | 59.5% | 26.5% | ||
| AR | 673.1 | 609.0 | 304.5 | 125.3 | 45.2% | 20.6% | ||
| FL | 5,093.3 | 4,172.8 | 2,889.4 | 1,715.1 | 56.7% | 41.1% | ||
| GA | 1,925.3 | 1,585.9 | 1,064.9 | 529.6 | 55.3% | 33.4% | ||
| KY | 981.4 | 882.7 | 523.3 | 240.1 | 53.3% | 27.2% | ||
| LA | 937.7 | 817.7 | 523.0 | 257.4 | 55.8% | 31.5% | ||
| MS | 638.9 | 574.3 | 272.1 | 89.8 | 42.6% | 15.6% | ||
| NC | 2,203.4 | 1,829.7 | 1,223.9 | 561.9 | 55.5% | 30.7% | ||
| SC | 1,213.6 | 977.5 | 543.3 | 230.3 | 44.8% | 23.6% | ||
| TN | 1,468.2 | 1,269.6 | 775.4 | 452.3 | 52.8% | 35.6% | ||
| VA | 1,668.7 | 1,404.1 | 636.3 | 204.3 | 38.1% | 14.6% | ||
| WV | 450.2 | 424.9 | 227.3 | 106.4 | 50.5% | 25.0% | ||
| Region | 18,363.2 | 15,539.5 | 9,643.1 | 4,774.8 | 52.5% | 30.7% | ||
| Total(2) | 66,833.3 | 56,888.7 | 33,419.9 | 17,489.5 | 50.0% | 30.7% | ||
