Tuesday, October 2, 2012

CMS Data Shows Non-Renewed Plans for 2013

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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