What Are Medicare Advantage Enrollment and Penetration in ?
Some residents are signed up for Medicare Advantage plans in . That translates to a penetration rate of about % among all people eligible for Medicare.
What Is Medicare Advantage?
Medicare Advantage packages the same access to doctors and hospitals as Original Medicare with other benefits. These options include prescription drugs, vision and dental coverage. Private companies administer Medicare Advantage plans with deductibles, copayments, and coinsurance. Members usually get their benefits through an HMO or PPO.
Beneficiaries get lower premiums and a cap on out-of-pocket costs. But they get fewer choices of doctors and are limited to a geographic area for their plans.
What Are Trends in Medicare Advantage Enrollment in ?
enrollment numbers for Medicare Advantage plans have increased over the last dozen years. In 2008, about signed up for Medicare Advantage. In 2020, that number grew to some out of about residents who are eligible for Medicare.
What Are Noteworthy Trends in Medicare Advantage Penetration or Enrollment by County?
There are 1.3 million residents of the Badger State who could sign up for Medicare. That number rose almost 6% from 2019.
Of that group, nearly 550,000 signed up for Medicare Advantage plans, an increase of about 9% from 2019.
Outagamie County has the highest percentage of MA Penetration with over 58% of their Medicare-eligible population enrolled in Medicare Advantage. As of June 2020, Pepin County was the lowest at 17%.