Mark Farrah Associates (MFA), www.markfarrah.com, released an analysis brief presenting a snapshot of the 2022 Medicare market landscape. MFA used plan information detail presented in Medicare Benefits Analyzer™, a subscription based dataset providing customers easy access to competitive Medicare.gov benefits data and Star Quality Ratings. With the 2022 Annual Election Period (AEP) well underway, health plans invested in MA business have been eagerly marketing their products to attract more seniors.
- MFA reported 5,430 distinct MA plan offerings are in the market lineup for the current 2022 AEP. This includes MA plans, Medicare Advantage with prescription drug plans (MAPDs), Medicare/Medicaid plans (MMPs), and Special Needs Plans (SNPs).
- 776 stand-alone Prescription Drug Plans (PDPs) are being offered for 2022, a substantial decrease from the 1,007 plan offerings in 2021.
- Approximately 89% of MA plans will include Part D benefits.
- Monthly premiums will range from $0 to $302 with 60% of MA plans (excluding SNPs) available at the $0 plan premium level.
To read the full FREE text of “A Brief Analysis of the 2022 Medicare Market Competition", visit the MFA Briefs on Mark Farrah Associates' website.
About Medicare Benefits AnalyzerTM
Medicare plans across the country access and use benefits data from Medicare.gov and Star Quality ratings more efficiently with Mark Farrah Associates’ Medicare Benefits Analyzer™ product. This comparative database allows carriers to compare plan premiums, copays and star rating details, market by market. 2022 benefits data and Star Quality Ratings information is online now. Visit our website at www.markfarrah.com or call 724-338-4100 for more information.
About Mark Farrah Associates (MFA)
MFA is a leading data aggregator and publisher providing health plan market data and analysis tools for the healthcare industry. Committed to simplifying analysis of health insurance business, our products include: Health Coverage Portal™, Medicare Business Online™, Medicare Benefits Analyzer™, County Health Coverage™, Health Plans USA™ and 5500 Employer Health Plus. Follow us on LinkedIn!
Healthcare Business Strategy is a FREE monthly brief that presents analysis of important issues and developments affecting healthcare business today. If you would like to be added to our email distribution list, please submit your email to the "Subscribe to MFA Briefs" section at the bottom of this page.
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