Kaiser Family Foundation recently conducted an analysis on changes to Medicare Advantage offerings for 2016. Here are some key findings from the report:
·
The number of Medicare
Advantage plans will increase from 1,945 plans in 2015 to 2,001 plans in 2016.
·
203 Medicare Advantage
plans will exit markets at the end of 2015 while 259 new plans will enter in
2016.
·
87% of plans that will
be offered in 2016 were also available in 2015.
·
Medicare beneficiaries
will be able to choose among 19 plans, on average, in 2016.
·
16 of the 19 average
plans will offer Part D prescription drug coverage.
·
3% of Medicare
Advantage enrollees are in plans that are exiting the market at the end of
2015.
Source: Kaiser Family Foundation, October 13, 2015
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