Medicare Advantage plans, which consist primarily of HMOs and PPOs, now cover almost 18 million people – nearly one-third of all Medicare beneficiaries. Medicare Advantage plans have been in the news lately because the proposed merger between Aetna and Humana, which together account for one-quarter of all Medicare Advantage enrollees, could further consolidate the Medicare Advantage market.
A Kaiser Family Foundation analysis, featuring the latest publicly available data on the 2017 Medicare marketplace, examines new information on plan availability, premiums, out-of-pocket limits and other features of Medicare Advantage plans. Overall, the analysis finds that the Medicare Advantage market has been relatively stable in recent years, with few changes in premiums, plan offerings, and insurer participation. Key findings include: