The latest Medicare Supplement membership figures show continued growth in the number of new policies being issued, according to Mark Farrah Associates. The number of policies issued in the last three years increased by 1.25% in 2009 when compared to the 2008 base. Growth slacked off somewhat compared to 2008 when carriers had experienced 2.67% growth in new policies. Nonetheless, this is encouraging as Medigap carriers are positioning to introduce new Plans M and N on June 1, 2010.
“Growth in Newer Med Supp Policies Issued”
Mark Farrah Associates (MFA) continuously monitors competitive shifts in the dynamic senior market by tracking performance of Medicare Advantage, Medicare Supplement and Medicare Part D plans. The most recent assessment of the Medigap market presents strategic insights about financial trends and popularity of plan types as well as market share for leading Medicare Supplement companies. To read the full text of "Growth in Newer Med Supp Policies Issued," visit the Healthcare Business Strategy library on Mark Farrah Associates' website www.markfarrah.com.
Mark Farrah Associates offers Medicare Supplement market data as a sub-series of the Health Coverage Portal™. The data scope includes state-by-state membership, premiums, claims and loss ratios for all plans nationwide. Subscribers also have access to detailed plan-level measures for comparing performance of standardized Medigap policies across competitors. This is essential competitive intelligence for companies competing in the high-growth Medicare health insurance market.
Have job-based health coverage at 65? You may still want to sign up for Medicare