Medicare Advantage Special Needs Plans on the Rise
KENNEBUNK, Maine -- April 03, 2013
Medicare Advantage Special Needs Plans continue to grow according to Mark
Farrah Associates' (MFA) latest Business Strategy Report. MFA found, as of
March 1, 2013 nearly 1.7 million people were enrolled in Medicare Special
Needs Plans (SNPs) nationwide, up 18% over March 1, 2012. In 2003, Congress
established SNPs to serve institutionalized beneficiaries, dual-eligible
beneficiaries, and/or individuals with severe or disabling chronic conditions.
Enrollment growth trends in SNPs have been variable since their inception.
SNPs are reauthorized by Congress, usually yearly, and the short term nature
of the authorizations has influenced enrollment. SNP enrollment in March 2013
is up 84% from the more than 906,000 people who were enrolled in May 2007,
according to the analysis done by MFA on data released by the Centers for
Medicare and Medicaid Services (CMS).
All but six states have people enrolled in SNPs as of March 2013. The six
exception states are: Alaska, Montana, North Dakota, South Dakota, Vermont and
Wyoming. Windsor Health Plan offers a dual-eligible SNP in Central and Western
Montana but enrollment in this plan is less than 11 in any specific county for
these plans, according to CMS data.
UnitedHealth Group, the largest health plan in the U.S. based on enrollment,
provides coverage for 24% of the people enrolled in SNPs and is the leading
plan in the Special Needs market. In the latest Healthcare Business Strategy
report, MFA aggregated and analyzed enrollment data for all SNPs nationwide.
To read the full text of “Medicare Advantage Special Needs Plans on the Rise,”
visit the Analysis Briefs library on Mark Farrah Associates’ website
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 Medicare Business
Online™, Medicare Benefits Analyzer™ Health Coverage Portal™, County Health
Coverage™, Health Insurer Insights™, and Health Plans USA™.
Mark Farrah Associates
Ann Marie Wolfe, 207-985-8484
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