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Medicare Advantage Demographics Report

Research

As of 2021, 54% of Medicare enrollees who belong to diverse populations chose Medicare Advantage.

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Published on Jan 10, 2024

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Medicare Advantage

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More Americans than ever are choosing Medicare Advantage for their health coverage. Medicare Advantage is an option within Medicare that provides at least the same benefits as original Medicare, and often offers additional services and coverage like prescription drugs, vision, hearing, dental, and wellness care. In 2021, more than 27 million Americans chose Medicare Advantage because of its better services, better access to care, and better value, which constituted a 3 million increase in enrollment compared to 2020.

Medicare Advantage offers affordable, high-quality coverage to seniors and people with disabilities or End Stage Renal Disease. In fact, new data from the Medicare Current Beneficiary Survey (MCBS), which is produced by the Centers for Medicaid & Medicare Services (CMS), showed that Medicare Advantage plans continued to be a vital source of coverage for low-income Medicare enrollees and diverse populations in 2021—the most recent year available currently.