May 242013

The Wall Street Journal published on May 22 that number of people who have Medicare supplemental insurance has now reached the 10 million mark. The count was determined by a new Healthcare Business Strategy report released by Mark Farrah Associates.

According to MFA's report, Medicare Supplement (also referred to as Medigap or Med Supp) plans earned $22.258 billion in premiums and incurred $17.405 billion in claims during 2012, increases of 3.9% and 1.6% over 2011, respectively. Between 2011 and 2012, enrollment in Medicare Supplement plans increased by close to 200,000 covered lives. To read the full article please click here.

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