Datapoint: Nearly 4,000 MA Plans Available for 2024

A KFF report released on Nov. 8 found that 3,959 Medicare Advantage plans are available for individual enrollment next year, the second-largest number of plans since 2010 and a 1% decrease from this year.  Meanwhile, the average beneficiary will be able to choose from 43 plans, the same as this year’s record high. Eighty-nine percent of MA plans will offer prescription drug coverage in 2024; while 83% will offer telehealth benefits; and at least 97% will offer some dental, vision, fitness or hearing benefits. The three largest MA insurers by enrollment are UnitedHealthcare (9.21 million members), Humana Inc. (5.83 million members) and CVS Health’s Aetna (3.38 million members).

Source: AIS’s Directory of Health Plans

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