Almost 50% of Medicare Supplement Lives in Top 10 States

CSG Actuarial has compiled information from the NAIC and other sources and is reporting that in 2015 the top 10 Medicare Supplement states accounted for 48% of the lives in the overall market.

The top 10 Medicare Supplement states line up pretty close with the top 10 states for current overall Medicare enrollment, both lists shown below:

2015 Medicare Supplement Lives – Top 10 States

  1. California
  2. Florida
  3. Texas
  4. Illinois
  5. Pennsylvania
  6. North Carolina
  7. New Jersey
  8. New York
  9. Ohio
  10. Michigan

Current Medicare Enrollment – Top 10 States

  1. California
  2. Florida
  3. Texas
  4. New York
  5. Pennsylvania
  6. Ohio
  7. Illinois
  8. Michigan
  9. North Carolina
  10. Georgia

Proposed Mergers Would Change Current Medicare Supplement Market Rankings

Based on data compiled by CSG Actuarial from the NAIC and other sources, the top 5 Medicare Supplement companies at year-end 2015 based on lives in-force are as follows:

  1. United Healthcare
  2. Mutual of Omaha
  3. Anthem
  4. HCSC
  5. Aetna

CSG Actuarial’s projections indicate that the two proposed mergers between Aetna / Humana and Anthem / Cigna would likely alter these rankings in the upcoming years.  The combined Anthem / Cigna Medicare Supplement lives would have ranked a close 3rd at the end of 2015 and could possibly overtake Mutual of Omaha for 2nd at year-end 2016.  The combined Aetna / Humana Medicare Supplement lives would have ranked 4th at the end of 2015.  Based on reported results for 1st quarter 2016 and recent growth trends, CSG Actuarial is projecting the combined Aetna / Humana Medicare Supplement lives could possibly pass both Mutual of Omaha and the combined total of Anthem / Cigna and rank 2nd by year-end 2017.


About CSG Actuarial

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