A new brief from the Actuarial Research Corporation provides an updated look at how the Medicare Advantage market is faring in 2026, using newly available CMS enrollment data and benefit information. The analysis builds on a January 2026 brief on the MA market landscape by adding new enrollment data and insurer earnings commentary. It finds that the MA market remained stable overall, with enrollment increasing by 1.1 million, MA penetration reaching 51.6%, and growth driven primarily by SNPs and non-SNP HMOs. Although some beneficiaries experienced changes from targeted plan exits and modest benefit adjustments, the report finds that most affected beneficiaries selected another MA plan and that MA options remained widely available across most geographies.
The appendix is available here.
