Four new insurers will enter the Medicare Advantage market in 2024, according to an analysis from KFF published Nov. 8.
The number of Medicare Advantage plans in 2024 declined slightly from 2023, to 3,959. The average number of plans available to beneficiaries is the same in 2024, at 43.
Fourteen payers are exiting the market in 2024.
Here are four new payers offering Medicare Advantage plans in 2024:
CalOptima Health OneCare
Number of plans offered: one
States: California
Champion Health Plan
Number of plans offered: six
States: Nevada, California
Peak Health
Number of plans offered: two
States: West Virginia
Verda Health Plan of Texas
Number of plans offered: two
States: Texas