Early Look at AEP Data Shows Medicare Advantage Membership Gains of 8.8%

Preliminary enrollment figures from the 2020 Annual Election Period (AEP) indicate that Medicare Advantage enrollment surpassed 24.3 million lives, up 8.8% from 22.4 million posted a year ago. The January enrollment report from CMS reflects enrollments accepted through Dec. 6, 2019, just one day before the AEP closed. Final enrollment figures will be disclosed in the February report. CMS has projected overall MA enrollment growth of 10% from 2019 to 2020.

According to Barclays securities analyst Steve Valiquette, publicly traded insurers “continue to consolidate share in the Individual market.” Market leader UnitedHealth Group added 307,000 lives for a year-over-year increase of 13.5% that was in line with the company’s expectations, he observed in a Jan. 10 research note. During a Jan. 15 conference call to discuss fourth-quarter 2019 earnings, UnitedHealth executives said they expect the final AEP increase to be 370,000 lives, for the company’s “strongest performance ever” in that period.

© 2024 MMIT
Lauren Flynn Kelly

Lauren Flynn Kelly Managing Editor, Radar on Medicare Advantage

Lauren has been covering health business issues since the early 2000s and specializes in in-depth reporting on Medicare Advantage, managed Medicaid and Medicare Part D. She also possesses a deep understanding of the complex world of pharmacy benefit management, having written AIS Health’s Radar on Drug Benefits from 2004 to 2005 and again from 2011 to 2016. In addition to her role as managing editor of Radar on Medicare Advantage, she oversees AIS Health’s publications and manages the health editorial staff. She graduated from Vassar College with a B.A. in English.

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