ARCHIVE
February 1, 2010
Kennebunk Firm Finds Unemployment Driving Down Health Insurance Enrollment
January 25, 2010
Membership Continues to Fall for Top Health Plans
January 15, 2010
Can Medicare Advantage Plans Buck the Downward Trend?
December 16, 2009
Blue Cross Blue Shield Plans Competitive Edge by Mark Farrah Associates
December 2, 2009
Mark Farrah Associates Found Growing Individual Health Insurance Market
November 16, 2009
Health reform on investors' minds as insurers report earnings
November 13, 2009
Top Health Plans’ Medical Expenses Rising, Membership Falling
November 4, 2009
2010 Medicare Landscape: Fewer Plans Yet Plenty of Competition
October 1, 2009
Private Health Insurance Decline Problematic According to Mark Farrah Associates
September 18, 2009
Mark Farrah Associates Announces Medicare Market Analysis Tools and the Latest Market Updates
MARK FARRAH ASSOCIATES - PRESS
June 18, 2009 KENNEBUNK, Maine--(BUSINESS WIRE)--Leading insurers, such as WellPoint, have indicated that Medicare Supplement (also referred to as Medigap or Med Supp) products will play a significant role in their strategy to attract more senior members during 2009. Designed to cover gaps in the traditional Medicare program, Medicare Supplement policies emerged in 1966 side-by-side with the introduction of Medicare. After several years of about 3% per annum membership declines (based on MFA research), Med Supp plans finally saw an increase for year-end 2008 of 0.6% total covered lives. As of December 31, 2008, 22% of all Medicare eligible beneficiaries, roughly 9.6 million individuals, were enrolled in a Medigap plan. Over 196 companies offered Medicare Supplement products, with eight companies insuring 59% of total covered lives. UnitedHealth Group, the largest company offering Med Supp plans, serves nearly 30% of the market. All three of the top Med Supp companies, UnitedHealth, WellPoint and Mutual of Omaha saw enrollment growth between 2007 and 2008. More than 65% of all seniors were enrolled in either Medicare Supplement or Medicare Advantage products as of December 2008. As an alternative product to managed Medicare, Medicare Supplement products are holding their own. And, to the surprise of many, are growing once again. In the latest Healthcare Business Strategy report “Medicare Supplement Revival,” Mark Farrah Associates (MFA) discusses the Medigap market. Using MFA’s new comprehensive data set, Medicare Supplement Market Data -- that include state-by-state membership, premiums, claims and loss ratios for Medicare Supplement plans nationwide -- data filed with the National Association of Insurance Commissioners is aggregated and analyzed exclusively by Mark Farrah Associates. To read the full text of “Medicare Supplement Revival,” visit the Healthcare Business Strategy library on Mark Farrah Associates’ website www.markfarrah.com. 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 Medicare Business Online™, the Health Coverage Portal™, Health Insurer Insights™ and Health Plans USA™. Medicare Supplement data is included as a sub-series in Health Coverage Portal™. Contacts: |
