Medicare Advantage plans have become an increasingly popular alternative to original Medicare. These private Medicare plans administered by health insurers provide all Medicare Part A and Part B benefits. Medicare Advantage enrollment has been steadily growing for many years. But exactly what percentage of Medicare beneficiaries are choosing Medicare Advantage plans over traditional Medicare?

Understanding current Medicare Advantage enrollment statistics and trends can provide helpful insight into how extensively this option has been adopted among seniors. In this article, we’ll break down the latest data on the percentage of the Medicare population enrolled in Medicare Advantage.

Medicare Advantage Plan Growth

First, a quick background on the growth of Medicare Advantage:

  • Medicare Advantage was created in the Medicare Modernization Act of 2003
  • Enrollment in 2004 was just 5.3 million beneficiaries
  • Enrollment has grown rapidly since, driven by baby boomer retirements
  • 2023 enrollment reached 29 million members – over 42% of all Medicare beneficiaries
  • Enrollment has doubled from 17 million members in 2010

This dramatic expansion demonstrates Medicare Advantage health plan is becoming a coverage pillar for many Medicare recipients. Next we’ll look at current enrollment percentages.

Medicare Advantage Enrollment in 2023

According to figures from the Centers for Medicare and Medicaid Services:

  • Over 28.5 million Medicare beneficiaries are projected to be enrolled in Medicare Advantage plans in 2023
  • This represents more than 42 percent of Medicare total population
  • The 42% plan enrollment share is the highest ever for Medicare Advantage
  • Enrollment grew by over 2.5 million members year-over-year in 2023

With over two-fifths of all Medicare program recipients now opting for Medicare Advantage, it has become a mainstream coverage choice for seniors.

Enrollment Percentage Growth Trend

Looking at enrollment data percentages over the past decade shows the growth trajectory:

  • In 2013, 27% of Medicare beneficiaries were enrolled in Medicare Advantage plans
  • By 2018, Medicare Advantage penetration reached 33%
  • For 2022, membership rose to reach 42% of the Medicare population
  • The 2023 enrollment share remained at 42% with new member additions

This steady growth in market share indicates Medicare Advantage is an increasingly popular option, now used by over 40% of the Medicare-eligible population.

Projected Medicare Advantage Enrollment in 2032

According to a study published in Health Affairs, Medicare Advantage enrollment is expected to continue expanding over the next decade:

  • Researchers estimate 51% of all Medicare beneficiaries will have Medicare Advantage coverage by 2032
  • This would represent over 47 million members enrolled
  • For comparison, 2022 membership was just under 29 million
  • Factors driving growth include increased plan choices and boomer aging into Medicare

If projections hold true, Medicare Advantage plans will reach majority market share within 10 years.

Current Enrollment by Plan Type

Within Medicare Advantage, HMO plans have the highest enrollment percentages:

  • 61% of Medicare Advantage enrollees are in HMO plans
  • 26% are enrolled in local PPO plans
  • 10% have regional PPO coverage
  • 2% are in private fee-for-service plans

HMO plans remain the most popular Medicare Advantage option due to their low costs and extensive provider networks in many areas.

Demographic Differences in Enrollment

Certain demographics are more likely than others to enroll in Medicare Advantage:

  • 44% of Medicare males vs. 40% of females have Medicare Advantage
  • 49% of Hispanics compared to 41% of whites
  • 57% of enrollees earning less than $10k annually
  • 39% of enrollees in suburban areas vs. 44% in rural zip codes

This data shows Medicare Advantage adoption skews towards lower-income, rural, and Hispanic populations so far.

States with the Highest Medicare Advantage Enrollment

Looking at enrollment by state shows significant geographic variation:

  • Florida has the highest enrollment at 63%
  • Minnesota ranks second with 61%
  • Oregon, Hawaii, and Pennsylvania all have over 50% enrolled
  • South Dakota, Wyoming, and Alaska have under 10% enrolled in Medicare Advantage plans

States with high retiree populations like Florida and Hawaii see the greatest Medicare Advantage adoption. More rural states skew toward original Medicare.

Key Takeaways on Medicare Advantage Program Enrollment Percentages

In summary, Medicare Advantage plans now provide coverage for over 42% of Medicare beneficiaries and climbing:

  • Enrollment has doubled over the past decade to over 28 million members
  • Projections estimate over 47 million will have Medicare Advantage by 2032
  • Certain states like Florida and Minnesota have over 60% enrolled
  • Adoption is higher among Hispanic, rural, and lower-income groups
  • HMO plans remain the most popular Medicare Advantage option

As the senior population continues growing, Medicare Advantage is poised for further enrollment increases in the years ahead. Understanding current adoption percentages provides helpful perspective on this major coverage shift.

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FAQS

How many Medicare beneficiaries are enrolled in Medicare Advantage plans?

According to the CMS Medicare Advantage Enrollment Dashboard, as of January 2023, over 28 million Medicare beneficiaries (which is around 48% of all people with Medicare) are enrolled in Medicare Advantage plans. This is up from around 25.4 million (42%) enrolled in January 2022.

How has Medicare Advantage enrollment grown over time?

CMS data shows that enrollment in Medicare Advantage plans has increased steadily over the past few years. From January 2019 to January 2023, total Medicare Advantage enrollment grew from around 22.2 million to over 28 million now. This represents a significant rise and growth continues each year during Medicare Open Enrollment and beyond.

What percentage of eligible Medicare beneficiaries are enrolled in Medicare Advantage plans?

Based on the total Medicare population that includes over 63 million people, around 28 million Medicare beneficiaries (around 44% of the total) are now enrolled in Medicare Advantage plans as of January 2023. This is up from around 42% in January 2022. So nearly half of all people eligible for Medicare have opted to use a private plan alternative to traditional Medicare.

How does Medicare Advantage enrollment compare between 2022 and 2023?

Total Medicare Advantage enrollment as of January 2023 was over 28 million, a notable increase from around 25.4 million enrolled in January 2022. This means enrollment grew by approximately 2.6 million or 10% over the past year. Growth has been steady in recent years as more Medicare beneficiaries are choosing private plan coverage instead of original Medicare.

What percentage of Medicare beneficiaries are enrolled in Special Needs Plans?
As of January 2023, around 2.4 million Medicare beneficiaries were enrolled in Special Needs Plans according to CMS figures. This represents approximately 8% of total Medicare Advantage enrollment and close to 4% of all Medicare beneficiaries including those with original Medicare coverage. SNP enrollment has also increased each year.

How has the Medicare Advantage market share changed in recent years?

Over the past 5 years, the Medicare Advantage market share compared to the overall Medicare population has grown significantly. In January 2019, 34% of Medicare beneficiaries were enrolled in Medicare Advantage. Now in January 2023, the share is up to 44% of all people with Medicare coverage. This demonstrates the increased popularity of private Medicare plans.

Do Medicare enrollment numbers continue to increase each year?

Yes, CMS figures show that total Medicare enrollment continues to grow each year as the population ages. From January 2022 to January 2023 alone, total Medicare enrollment increased by around 2.4 million people. During this same time period, Medicare Advantage enrollment gains exceeded 2.6 million new enrollees. This trend of increasing Medicare and Medicare Advantage enrollment is expected to continue in upcoming years.

What is the total Medicare Advantage enrollment count?

As of January 2023, over 28 million Medicare beneficiaries were enrolled in Medicare Advantage plans according to CMS. This represents approximately 44% of the overall Medicare population of over 63 million individuals. The total number enrolled in Medicare Advantage continues to set new records each year, surpassing 25 million for the first time in 2022.

What percentage of Medicare enrollees are enrolled in both Medicare and a Medicare Advantage plan?

Of the over 63 million Americans who have Medicare, approximately 28 million (44%) have chosen to enroll in a Medicare Advantage plan to receive their Medicare benefits through a private insurance company in 2023. The remaining 36 million or so receive coverage through original Medicare paired with an additional supplement plan or Part D prescription drug plan.

How does Medicare Advantage enrollment growth compare between March 2022 and March 2023?

According to CMS figures, total Medicare Advantage enrollment as of March 2022 was 25.9 million people. By March 2023, enrollment had increased by approximately 2.1 million to reach 28 million enrollees. This represents a percentage growth of around 8% over that one-year period from the beginning of Open Enrollment through the end of Special Enrollment.

What percentage of all Medicare beneficiaries have enrolled in a Medicare Advantage plan?

The latest CMS Medicare Advantage Enrollment Dashboard from January 2023 shows that of the total 63.2 million Medicare beneficiaries, approximately 28.3 million (around 45%) have enrolled in a private Medicare Advantage plan. This share has steadily increased each year as more people opt to receive their Medicare benefits through alternative coverage options rather than original Medicare alone.

How many people eligible for Medicare are enrolled in Medicare Advantage plans based on the total Medicare population?

As of January 2023, approximately 28.3 million Medicare beneficiaries have enrolled into Medicare Advantage plans, representing about 44% of the over 63 million people that make up the total Medicare population according to CMS data. This is up from around 42% of all Medicare beneficiaries enrolled in Advantage plans in January 2022.

What percentage growth in enrollment has there been in Medicare Advantage from January 2022 to January 2023?

Based on CMS enrollment figures from January 2022 to January 2023, Medicare Advantage enrollment grew by over 2.6 million new beneficiaries during this time. With enrollment increasing from 25.4 million to 28 million, the percentage growth was approximately 10.2% over the past year. This continued rise demonstrates strengthening popularity of Medicare Advantage plans.

How has enrollment in Medicare Advantage plans changed from 2021 to 2023?

A review of CMS enrollment numbers from 2021 through 2023 shows steady increases each year. Total Medicare Advantage enrollment was approximately 24.4 million in January 2021, growing to 25.4 million in January 2022. Most recently, figures for January 2023 list over 28 million beneficiaries enrolled. This represents growth of approximately 15% over the past three years.

What factors might be contributing to increased Medicare Advantage enrollment numbers?

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