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 six and one-half years, from October 2016 through May 2023, the penetration of MA plans across the U.S. has grown from under 31% of Medicare-eligible Americans to 48%.
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 more than 50% as of May 2023. Here is a state-by-state look at how Medicare Advantage market share in the Southeast has grown from October 2016 to May 2023:
 |
Medicare Advantage Market Share in the Southeast |
| Medicare Eligible (1) | MA Enrollment (1) | % MA Market Share | ||||||
|---|---|---|---|---|---|---|---|---|
| State | May-23 | Oct-16 | May-23 | Oct-16 | May-23 | Oct-16 | ||
| AL | 1,093.2 | 991.4 | 623.7 | 262.2 | 57.1% | 26.5% | ||
| AR | 664.1 | 609.0 | 284.2 | 125.3 | 42.8% | 20.6% | ||
| FL | 4,985.0 | 4,172.8 | 2,747.6 | 1715.1 | 55.1% | 41.1% | ||
| GA | 1,878.0 | 1,585.9 | 1,000.1 | 529.6 | 53.3% | 33.4% | ||
| KY | 967.0 | 882.7 | 494.6 | 240.1 | 51.1% | 27.2% | ||
| LA | 921.8 | 817.7 | 491.6 | 257.4 | 53.3% | 31.5% | ||
| MS | 629.3 | 574.3 | 245.6 | 89.8 | 39.0% | 15.6% | ||
| NC | 2,151.3 | 1,829.7 | 1,131.5 | 561.9 | 52.6% | 30.7% | ||
| SC | 1,180.9 | 977.5 | 500.2 | 230.3 | 42.4% | 23.6% | ||
| TN | 1,439.7 | 1,269.6 | 734.6 | 452.3 | 51.0% | 35.6% | ||
| VA | 1,629.2 | 1,404.1 | 585.1 | 204.3 | 35.9% | 14.6% | ||
| WV | 445.6 | 424.9 | 210.6 | 106.4 | 47.3% | 25.0% | ||
| Region | 17,985.3 | 15,539.5 | 9,049.7 | 4,774.8 | 50.3% | 30.7% | ||
| Total(2) | 65,390.9 | 56,888.7 | 31,362.0 | 17,489.5 | 48.0% | 30.7% | ||
