Five Things to Know From KFF Medicare Advantage 2020 Spotlight
Submitted By gmccalister, Created 11/08/2019 - 09:36
- Nationwide, 3,148 Medicare Advantage plans will be available for individual enrollment for the 2020 plan year – an increase of 414 plans since 2019.
- The number of Medicare Advantage plans will vary greatly across counties in 2020, from 31 plans, on average, in metropolitan counties to 16 plans, on average, in non-metropolitan counties.
- The average beneficiary will be able to choose from plans offered by seven firms in 2020, similar to 2019.
- Thirteen insurers will be entering the Medicare Advantage market for the first time, and one insurer will be exiting in 2020.
- Nearly all beneficiaries (97%) have access to a Medicare Advantage plan that provides dental, fitness, vision, and hearing benefits, which are not covered by traditional Medicare.
Source: Kaiser Family Foundation
Source URL: https://www.kff.org/medicare/issue-brief/medicare-advantage-...