The Medicare program continues to offer sustainable, long-term growth and opportunities.
Over the next ten years it is expected that 40.6 million individuals will turn age 65 and that the Medicare-eligible population will grow from 65.0 million beneficiaries to 78.4 million beneficiaries. This means that roughly 13 million more individuals will be added to the Medicare program over the next 10 years, a 21% increase. Beyond 2031, an additional 5.5 million are projected to be added by 2040.
While Telos Actuarial research indicates a slight decrease in Medicare Supplement enrollments in 2022, it is anticipated that enrollments will return to a growth rate exceeding Medicare enrollment by 2024, creating robust opportunities for insurance carriers, reinsurers, agents and marketing organizations in the Medicare Supplement market.