The Number of Available Medicare Advantage Plans Increases

The Number of Available Medicare Advantage Plans Increases

Great news – the number of Medicare Advantage plans available in the U.S. has increased 13% over the last year according to data reported by the American Association for Medicare Supplement Insurance.

Currently, there are 3,500 Medicare Advantage (MA) plans across the nation, which is up over 400 plans since the year 2020. The average individual on Medicare today has access to 33 different locally-available Medicare Advantage plans.

Medicare Advantage plans have been growing in popularity with the 26.5 million Medicare beneficiaries who are now covered, and the American Association for Medicare Supplement Insurance predicts an estimated 2 million new members will sign up for MA coverage this year alone!

MA Plans (also known as Part C) is an all in one alternative to Original Medicare, including Medicare Parts A and B and often Part D (Prescription Drug Plan coverage). Nowadays these plans are offering additional benefits like vision, hearing, dental, and more.

Even better news — Florida has reported the most Medicare Advantage plans with an 11% increase over the last year, followed by California, Texas, and New York.

The best news? We offer both Medicare Advantage as well as Medicare Supplement insurance plans! We are happy to help you compare your options and go through the advantages as well as the disadvantages that may arise between both plans. We’re the number one Medicare Agency in Coral Springs and Parkland. Give us a call today — our agents are ready and waiting to help!

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