MA, Cost, PACE, Demo, and Prescription Drug Plan Contract Enrollment Report (January 2021)

Preliminary figures from the 2021 Medicare Annual Election Period (AEP) indicate that total enrollment in Medicare Advantage plans surpassed 26.6 million as of the Jan. 1, 2021, payment date, which reflects enrollments accepted through Dec. 4, 2020. That was up 4.4% from 25.5 million enrollees as of the Dec. 1, 2020, payment date and up 9.4% from a year ago. By comparison, MA enrollment grew 4.5% during the 2020 AEP and 8.8% between January 2019 to January 2020, observed Citi analyst Ralph Giacobbe in a Jan. 15 research note. The recent data does not represent the full 2021 AEP, which ended on Dec. 7, 2020.

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