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
At the Becker's 5th Annual Fall Payer Issues Roundtable, taking place November 2–3 in Chicago, payer executives and healthcare leaders will come together to discuss value-based care, regulatory changes, cost management strategies and innovations shaping the future of payer-provider collaboration. Apply for complimentary registration now.
