Medicare Insurance Statistics 2024 - Medicare Supplement, Medicare Advantage and Medicare drug plans data and statistics

Medicare Insurance Statistics 2024

Medicare Insurance Statistics 2024Medicare Insurance Statistics 2024 are provided to help seniors make better decisions when selecting a Medicare plan option. Data shown is the most recent and accurate we are able to obtain and provide. Individuals should carefully compare all information before buying and insurance. Get everything in writing as verbal claims or information are not binding.

MEDIA AND WRITERS may use information with credit to the American Association for Medicare Supplement Insurance. Links to this webpage ( https://medicaresupp.org/medicare-insurance-statistics-2024/ ) are appreciated.

Medicare Supplement Insurance Statistics 2024 – Updated Feb. 9, 2024

Medigap Insurance Companies – Policyholders – Market Share (%)

Company Name Members (Policyholders) 2022 Market Share %
United Health Group 4,372,111 31.7%
Mutual of Omaha Group 1,359,218 9.9%
CVS Group (Aetna) 1,203,716 8.7%
Health Care Service Corporation 565,706 4.1%

See the list of Top-10 Medicare Supplement insurance companies (2022)


How Many Seniors Have Medicare Supplement (Medigap)

  • 2022 – 13.8 Million
  • 2021 – 12.5 (according to Kaiser Family Foundation) or 2 in 10 (21%) Medicare beneficiaries overall, or 41% of those in traditional Medicare.

What Medicare Supplement Plan Do Turning-65 Seniors Purchase

In 2023 seniors turning 65 (and purchasing Medicare Supplement) selected the following plans:

  • Plan G – 53.2%
  • Plan N – 39.5%
  • High Deductible (HD) Plan G – 6.3%
  • Plan F and HDF – 1.0%

See more details for the 2023 Medigap Buyer study.  Access the 2022 Medicare Supplement insurance Buyer study.


2024 Medigap Price Index (Plan G) – Lowest and Highest Prices

MALE Turning 65   Lowest Premium*   Highest Premium*
New York, NY (Zip 10012) $306.00 $526.85
Chicago (Zip 60601) $114.17 $270.76
Houston (Zip 77001) $131.81 $279.57
Phoenix (Zip 85033) $110.14 $458.94

FEMALE Turning 65   Lowest Premium*   Highest Premium*
New York, NY (Zip 10012) $306.00 $526.85
Chicago (Zip 60601) $116.30 $235.04
Houston (Zip 77001) $116.67 $254.11
Phoenix (Zip 85033) $ 99.64 $406.51

See the 2024 Medicare Supplement Price Index for the top-10 metro markets. Rates do not reflect discounts (household or partner) which can range from $0 to 15%.


Links to Important Resources

Medicare insurance statistics 2022. Data and charts previously reported by the American Association for Medicare Supplement Insurance.

Access the Association’s FIND A MEDICARE BROKER NEAR ME online directory.

Find Best Part D Drug Plan Prices and options.