5.3% Fewer Medicare Advantage Plans In 2014

The total number of Medicare Advantage plans will decline 5.3% next year, from 2,664 in 2013 to 2,522 in 2014. The number of Special Needs Plans (SNPs) will decrease by 13%, from 625 in 2013 to 544 in 2014. The number of chronic condition SNPs will drop by 30% in 2014. For 2014, Medicare Advantage plan sponsors are relying more on highly managed plan products, such as Health Maintenance Organizations (HMOs), and less on Preferred Provider Organizations (PPOs). Local and regional PPOs will drop 16.6%, from 709 in 2013 to 591 in 2014, but HMOs will . . .