CSG Actuarial has compiled information from the NAIC and other sources and is reporting that total earned premiums in the Medicare Supplement market in 2019 totaled $34.0 billion, a 4.8% increase over 2018.
A few other notes of interest:
The total Medicare Supplement lives covered in 2019 increased to 14.5 million, up 3.1% from 2018.
The top 12 carriers in terms of 2019 Medicare Supplement premiums were:
| 1 | United Healthcare |
| 2 | Mutual of Omaha |
| 3 | Anthem |
| 4 | HCSC |
| 5 | CVS Health |
| 6 | Cigna |
| 7 | CNO Financial |
| 8 | Humana |
| 9 | BCBS of Massachusetts |
| 10 | Wellmark |
| 11 | BCBS of Minnesota |
| 12 | BCBS of Florida |
The 2019 overall Medicare Supplement market loss ratio of 80.4% reflects a continued trend in the market of the overall loss ratios increasing back to the “Pre-Modernized” loss ratio levels around 80%.
Look for more information in a few weeks when CSG Actuarial releases its 10th Annual Future of Medicare Supplement Market Projection.