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:
|2||Mutual of Omaha|
|9||BCBS of Massachusetts|
|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.