Insurance enrollment

Mark Farrah Associates assessed annual health insurance enrollment trends

MCMURRAY, Pa.–(BUSINESS WIRE)–Mark Farrah Associates (MFA), www.markfarrah.com, has released an update on health insurance segment enrollment for the end of 2021. MFA compared enrollment between 4and quarter 2020 with 4and quarter of 2021 to provide better insight into enrollment trends for the individual, group, ASO, Medicare Advantage and Medicaid insurance segments.

As of December 31, 2021, approximately 305 million people had medical coverage from US health insurers. This number is up from 297.5 million, or approximately 7.6 million additional members, a year ago. Between 4Q20 and 4Q21, membership growth was significant for the individual market, as this segment gained approximately 1.9 million additional members, year-over-year. Additionally, the Medicare Advantage and Medicaid markets have also seen notable increases in enrollment. The Group Employer Risk and Group ASO Employer (administrative services only for self-funded plans) segments provide the largest sources of coverage in the industry.

To read the full text of “Year-over-year health insurance enrollment trends by segment“, visit the Analysis Briefs library on the Mark Farrah Associates website.

About Mark Farrah Associates (MFA)

MFA is a leading data aggregator and publisher providing health plan market data and analytical tools for the healthcare industry. Committed to simplifying the analysis of health insurance business, our products include: Health Coverage Portal™, Medicare Business Online™, Medicare Benefits Analyzer™, County Health Coverage™, Health Plans USA™ and 5500 Employer Health More. Follow us on LinkedIn!

Additionally, for the latest information on health plan enrollment trends and financial performance, visit FREE MFA Healthcare Business Strategy Notes on the MFA website.