Medicare Advantage (MA) Plans can be a great value compared to traditional Medicare, thanks to added benefits and typically lower premium costs. Managed care cost control protocols notwithstanding, Medicare eligible seniors continue to gravitate to the better value MA plans offer. In just over four years, from October 2016 through January 2021, the market share of MA plans across the U.S. has grown from under 31% of Medicare eligible Americans to over 41%.
The growing popularity of MA plans nationally is mirrored in every region of the U.S. Here is a more detailed breakdown of Medicare Advantage market share by region (for state-by-state details, follow the "region" link):
| Medicare Eligible (1) | MA Enrollment (1) | % MA Market Share | ||||||
|---|---|---|---|---|---|---|---|---|
| Region | Jan-21 | Oct-16 | Jan-21 | Oct-16 | Jan-21 | Oct-16 | ||
| FrWest | 9,704.0 | 8,679.3 | 4,240.0 | 3,286.1 | 43.7% | 37.9% | ||
| GLakes | 9,272.2 | 8,553.3 | 3,814.1 | 2,469.4 | 41.1% | 28.9% | ||
| MidEast | 9,449.3 | 8,804.9 | 3,714.5 | 2,639.5 | 39.1% | 30.0% | ||
| NwEng | 3,095.9 | 2,828.4 | 1,038.2 | 608.8 | 33.5% | 21.5% | ||
| Plains | 4,165.8 | 3,814.1 | 1,416.7 | 722.0 | 34.0% | 18.9% | ||
| Rockies | 2,073.6 | 1,792.5 | 797.9 | 536.0 | 38.5% | 29.9% | ||
| SE | 17,214.7 | 15,539.5 | 7,381.4 | 4,774.8 | 42.9% | 30.7% | ||
| SW | 6,885.3 | 6,050.2 | 2,917.8 | 1,879.8 | 42.4% | 31.1% | ||
| USA (2) | 62,741.5 | 56,888.7 | 25,936.7 | 17,489.5 | 41.3% | 30.7% | ||
(1) in thousands
(2) includes U.S. territories
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