After analyzing 2012 data released by the NAIC, CSG’s team of actuaries have uncovered the following:

  • Plan F continues to be the most popular plan with over 60% of the lives from currently marketed plans.
  • The percentage of Medicare Supplement lives with Plan A has declined from 5% in 2006 to 2% in 2011.
  • The top 5 states for 2012 Medicare Supplement sales were California, Illinois, Florida, Texas, and Pennsylvania.
    • In Florida, United Healthcare has over 60% of the Medicare Supplement lives in 2012 that were issued in 2010, 2011, or 2012.
  • The average premiums in the Medicare Supplement market increased 1.2% in 2012, down from a 2.1% increase in 2011 and continuing the downward trend since 2008.
  • For Plan F, the average claim per policy for policies not issued in the last three years dropped 2.6% from 2011 to 2012.
  • Every single state had a Medicare Supplement claim loss ratio over 70% in 2012.
  • The overall Medicare Supplement market share of the top 5 companies has increased from 48% in 2006 to 57% in 2012.

Look for more information in May when CSG Actuarial releases its 3rd Annual Future of Medicare Supplement Market Projection.

Source: 2012 Market Data Source: 2012 NAIC Medicare Supplement Experience Exhibits and data filed with the National Association of Insurance Commissioners in annual financial statements.
 
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