Over 30 million people are now enrolled in Medicare Advantage plans, according to CMS data released Jan. 17.
Total enrollment reflects the Jan. 1 payment date, and payments reflect accepted enrollments through Dec. 2, 2022.
The record enrollment marks a significant milestone for the public-private program. Last year, 28.4 million people were enrolled in MA out of 58.6 million Medicare beneficiaries overall – or 48 percent.
MA has been predicted to overtake traditional Medicare enrollment in 2023. Under current growth, the program is expected to make up 69 percent of all Medicare enrollments by 2030.
"With more than 30 million seniors and people with disabilities now enrolled in Medicare Advantage — nearly half of all who are eligible for Medicare — it is a huge endorsement of the value of this program," AHIP President and CEO Matt Eyles said. "This milestone shows that people are choosing MA for better affordability and health outcomes."
A record 3,998 MA plans are available nationwide in 2023, up 6 percent from the previous year, and the average beneficiary has 43 plans to choose from, up from 38 in 2022.