54% Of People Eligible For Medicare In 2024 Were Enrolled In A Medicare Advantage Plan

In 2024, about 54% of the 61.2 million Medicare beneficiaries with Parts A and B are enrolled in a Medicare Advantage plan, representing 32.8 million enrollees. Since 2007, the Medicare Advantage penetration rate has increased from 19% to the current 54%.

Across the state, Medicare Advantage enrollment ranges from 2% to 63% of beneficiaries. In seven states, 60% or more of all Medicare beneficiaries are enrolled in Medicare Advantage: Alabama (63%), Connecticut (63%), Michigan (63%), Hawaii (62%), Maine (61%), Florida (60%), and Rhode Island (60%). In Puerto Rico, 95% of Medicare beneficiaries are enrolled in Medicare Advantage.

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