CSG Actuarial has compiled information from the NAIC* and other sources and is reporting that total earned premiums in the Medicare Supplement market in 2023 totaled $36.8 billion, a 1.8% increase over 2022.
In the past five years, the total earned premiums in the Medicare Supplement market have increased an average of 2.6% per year. Here’s how that increase breaks down for the top 10 Medicare Supplement carriers.
As the overall Medicare Supplement market has grown over the past five years, the distribution of policies by plan has changed significantly over that time. Plan G has a much larger market share in 2023 than 2018, at the expense of Plan F.
*Data Source: National Association of Insurance Commissioners, by permission. The NAIC does not endorse any analysis or conclusions based upon the use of its data.