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?
Medicare Advantage penetration rates have climbed over 50% in Wyoming since 2008. However, the number of enrollees remains low compared to the number of eligible residents.
As of June 2020, Washakie County had the lowest penetration rate of 0.55%, and Uinta County the highest of 10.15%.
Few Wyoming residents are choosing all-in-one Medicare Advantage plans for their health coverage. The most extensive growth occurred in the southwestern corner of the state, centered around Uinta county. But Wyoming remains among the US states with the lowest penetration rates for Medicare Advantage plans.
Source: Centers for Medicare and Medicaid Services, Medicare Advantage enrollment files by state, county and contract.