By Brynn Schmitz on September 28, 2012
CMS released 2013 Medicare Advantage (MA) plan data last Wednesday, September 19 revealing almost 5,976 new plan combinations and the non-renewal of more than 6,056 plans for 2013. In many cases non-renewing plans are being replaced by a new plan from the same carrier in that area.
Due to non-renewed plans, approximately 1.7mm seniors are being disenrolled from their current plan. Most non-renewed insureds (1.3mm) will be offered a replacement by their current carrier; however, according to CMS data, 393,819 will actively be looking for coverage—a 36% increase over the number of seniors this time last year. The top four states for non-renewed insureds are Washington, Virginia, California, and Texas.
Opportunity Knocks
The 36% increase in non-renewals year over year provides opportunity for agents and carriers to fill in the coverage gaps.
Call 855-861-8776 for more details about ad hoc reporting or to have access to all CMS data.
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