Did You Know: Medicare Advantage Programs Growing Rapidly

More than 30 million Americans are now enrolled in Medicare Advantage programs, according to new data released by the Centers for Medicare & Medicaid Services. 
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​A year ago, 28 million people were participating in some type of Medicare Advantage plans and ten years ago, about 13 million Americans were enrolled in MA programs, according to the Kaiser Family Foundation.
 
“The number of Medicare Advantage (MA) plans offering in-home support services as a benefit increased by approximately 32% this year, according to an analysis by ATI Advisory. In 2023, 1,375 MA plans are providing in-home supports, such as home care, as a supplemental benefit, compared to 1,035 plans last year,” according to a McKnight’s Home Care article about Medicare Advantage plans.
 
Matt Eyles, president and CEO of America's Health Insurance Plans, said Tuesday that enrollment topping 30 million represents “a huge endorsement of the value of this program.”
 
“This milestone shows that people are choosing MA for better affordability and health outcomes,” Eyles said in a statement. “The continued growth of the program is a testament to the tremendous value MA offers to all enrollees, and especially those with chronic illnesses who require care coordination and management, as well as those with low incomes who rely on MA’s access to additional benefits at little or no cost.”